ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 22:46 UAE time

YOUR DIRECTORY /

Tuesday, 10 November 2009

Dar's Bahraini unit extends claims freeze to 2010

Banking & Finance
Unit in the midst of a debt restructuring extends its standstill agreement to Mar 31, 2010.

Dar's Bahraini unit extends claims freeze to 2010

Investcorp bags US insurer's $250m hedge fund mandate

Banking & Finance
Investcorp will manage two US hedge fund mandates worth $310m in total.

Investcorp bags US insurer's $250m hedge fund mandate

Monday, 09 November 2009

Kuwait's Global posts $19.6m Q3 loss

Banking & Finance
Investment bank's losses narrow by 81%, says it needs to restructure estimated $1.75bn of debt.

Kuwait's Global posts $19.6m Q3 loss

Minister urges more post crisis transparency

Banking & Finance
UAE's economic chief also urges Islamic nations to increase innovation - speech.

Minister urges more post crisis transparency

Sunday, 08 November 2009

Dubai gov't repays $1bn aviation bond

Banking & Finance
UPDATE 1: Department of Finance issues statement on Dubai Civil Aviation Authority sukuk.

Dubai gov't repays $1bn aviation bond

Friday, 06 November 2009

Bahrain cenbank suspends real estate caps - sources

Banking & Finance
CBB had put a 30% cap on share of real estate financing that Bahrain's banks can hold.

Bahrain cenbank suspends real estate caps - sources

Saad unit lenders meet, liquidators appointed

Banking & Finance
Banks seek repayment of a loan of up to $2.8bn taken out in 2007 by SICL.

Saad unit lenders meet, liquidators appointed

PE firms critical for transparency in Gulf family-owned cos

Banking & Finance
Transparency is 'not in the genes here' - Dubai Financial Services Authority chief exec.


Night to remember

Banking & Finance
CEO Middle East gathers together the region’s top executives to celebrate its annual awards ceremony.

Night to remember

Thursday, 05 November 2009

Oman banks' 9-month profits slid 6.9% - cenbank

Banking & Finance
The combined net profit of the sector dropped to OR194.9m ($506.2m) in the Jan-Sept period compared YoY.

Oman banks' 9-month profits slid 6.9% - cenbank

Dubai debt 'attractively priced' - Barclays Capital

Banking & Finance
Company tells clients to buy Dubai bonds, citing emerging signs of recovery, gov't support.

Dubai debt 'attractively priced' - Barclays Capital

UAE's Mubadala leads way on Q3 transparency

Banking & Finance
New SWF index gives Abu Dhabi fund top marks but Oman languishes at bottom.

UAE's Mubadala leads way on Q3 transparency

Leading investment house sees profits falling 15%

Banking & Finance
ARTOC Group chief says decline due to slowdown in markets but revenues to rise.

Leading investment house sees profits falling 15%

Prosecutors vow to hunt Istithmar World fraudster

Banking & Finance
Former senior exec pleads his innocence but UAE officials mull extradition process.

Prosecutors vow to hunt Istithmar World fraudster

Wednesday, 04 November 2009

Istithmar World senior manager jailed for five years

Banking & Finance
Judge hands down toughest sentence yet amid Dubai's crackdown on corruption.

Istithmar World senior manager jailed for five years

Tuesday, 03 November 2009

No Saudi interest rate change in Q3 - central bank

Banking & Finance
SAMA says rate cut unnecessary to spur lending, held at 2% amid declining inflation.

No Saudi interest rate change in Q3 - central bank

Monday, 02 November 2009

Mashreq expands operations to Kuwait

Banking & Finance
UAE bank's arrival in Kuwait City part of growth plan, MENA branches now total 94 - CEO.

Mashreq expands operations to Kuwait

Saudi Arabia calls for strict banking regulations

Banking & Finance
Finance chief also says conservative lending regime needed prior to G20 regulation debate.

Saudi Arabia calls for strict banking regulations

Sunday, 01 November 2009

Shuaa Capital posts $73.2m Q3 loss

Banking & Finance
Dubai financial services firm chief says it has hired consultancy to help restructuring, form new strategy.

Shuaa Capital posts $73.2m Q3 loss

Senior banker warns UAE job cuts may not be over

Banking & Finance
Standard Chartered consumer banking chief says country 'not out of the woods yet'.

Senior banker warns UAE job cuts may not be over

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SPOT POLL

Have you cut back your spending on groceries amid the downturn?

Actually, I’ve reduced my spending on everything… food, clothes, going out – the lot.
I’ve swapped to non-brand food items, and always look for special offers, but that’s it.
No, I’m spending the same.
No way, it's champers and caviar for dinner every night!
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READER COMMENTS

Reader Comments (24 hrs)

  1. Deal sought on Dubai World, Nakheel debts 21
    26 Nov ' 09 at 20:13
    Red Devil/Sandjocky, I have also had several posts blocked over the past couple of days, posts that speak of the facts only as they...   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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Gitex 2009

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