ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 10:27 UAE time

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Wednesday, 18 November 2009

Saudi banks' non-performing loans to rise - S&P

Banking & Finance
NPL's at eight Saudi banks could double to four percent by mid-2010.

Saudi banks' non-performing loans to rise - S&P

Any Gulf bank mergers to focus on Kuwait, UAE - S&P

Banking & Finance
Ratings agency doesn't see big M&A trend in GCC in foreseeable future.

Any Gulf bank mergers to focus on Kuwait, UAE - S&P

Tuesday, 17 November 2009

UAE banks set aside AED4bn for bad loans in Q3

Banking & Finance
Central bank data shows largest quarterly jump in provisions this year.

UAE banks set aside AED4bn for bad loans in Q3

Sunday, 15 November 2009

Dubai cargo carrier launches $500m fund

Banking & Finance
Midex Airlines says it plans to use the fund to invest in UAE aviation industry over five years.

Dubai cargo carrier launches $500m fund

Portsmouth FC secures new finance from bankers

Banking & Finance
Premier League club set to have transfer ban lifted after refinancing deal is completed.

Portsmouth FC secures new finance from bankers

Customer service at UAE banks improving - survey

Banking & Finance
Performance rating rises 9% in latest research as banks focus on customer retention.

Customer service at UAE banks improving - survey

Friday, 13 November 2009

'Financial panic is behind us'

Banking & Finance
World's most admired investor thinks last year's financial panic is thing of the past.

'Financial panic is behind us'

UAE bankers see 2009 bonuses drop by 40% - paper

Banking & Finance
Fixed-income bonuses to be more hit; banks to focus on well-performing departments.

UAE bankers see 2009 bonuses drop by 40% - paper

Abu Dhabi court orders freeze on Saad assets

Banking & Finance
Court also orders provisional seizure of any movable properties in any emirate.

Abu Dhabi court orders freeze on Saad assets

Mideast not to be hurt by 5,000 Lloyds job cuts

Banking & Finance
UK-based global bank had announced 5,000 more roles would be cut by 2010-end.

Mideast not to be hurt by 5,000 Lloyds job cuts

Thursday, 12 November 2009

Omantel expects to take $24m hit in Q4

Banking & Finance
Oman Telecoms sees OR9.2m one-off charge after offering voluntary redundancies in a bid to cut costs.

Omantel expects to take $24m hit in Q4

Sarasin launches Islamic private banking offering

Banking & Finance
Swiss bank eyes demand for shariah-compliant products; to offer estate planning.

Sarasin launches Islamic private banking offering

Dubai's Istithmar sells London buildings

Banking & Finance
Firm sells buildings to Great Portland Estates for £10m & future profits' share.

Dubai's Istithmar sells London buildings

Qatar Commercial bank to use bonds for growth

Banking & Finance
Qatari bank to apply proceeds from $1.6bn bonds to repay debt, future expansion.

Qatar Commercial bank to use bonds for growth

Creditors of Saad Group unit hold first official talks

Banking & Finance
Meeting takes place to discuss debt issues relating to Saad Investments Company.

Creditors of Saad Group unit hold first official talks

Wednesday, 11 November 2009

Abu Dhabi fund takes stake in Turkey's EKOL Lojistik

Banking & Finance
Capital increase for funding the Turkish co's expansion, is first by Invest AD's new PE fund.

Abu Dhabi fund takes stake in Turkey's EKOL Lojistik

Bank Muscat may book writedown on Pak bank in Q4

Banking & Finance
Bank Muscat, which has 35% stake in Pakistan's Silkbank; expects its stake to be diluted.

Bank Muscat may book writedown on Pak bank in Q4

Qatar Commercial Bank prices $1.6bn in bonds - banker

Banking & Finance
Sale includes $1bn in five-year notes yielding 250 basis points over midswaps.

Qatar Commercial Bank prices $1.6bn in bonds - banker

Qatar plans $5bn sovereign bond sale - paper

Banking & Finance
Initial interest 'very positive' ahead of roadshow next week - Bankers

Qatar plans $5bn sovereign bond sale - paper

Gulf Finance House swings to Q3 loss on lower income

Banking & Finance
Investment firm records Q3 loss of $29m; posts its fourth consecutive quarterly loss.

Gulf Finance House swings to Q3 loss on lower income
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SPOT POLL

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READER COMMENTS

Reader Comments (24 hrs)

  1. Deal sought on Dubai World, Nakheel debts 21
    27 Nov ' 09 at 09:44
    Sultan what you are suggesting for them to do is called propaganda. True journalists didn't get into this profession to write fluff to...   More  »
  2. Off the peg 1
    26 Nov ' 09 at 18:06
    Given the news about the DW and Nakheel stand still, it is more important than ever for the Dirham to hang on to the peg, if it can...   More  »
  3. Arab youth SMEs turn to family finance 1
    26 Nov ' 09 at 10:44
    In a country like the UAE where the vast majority of the population and working professionals are expatriates, there should be...   More  »

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