News, Middle East Banking & Finance News

Thursday, 26 November 2009
updated 1 minute ago
03:58 UAE time

YOUR DIRECTORY /

Wednesday, 28 October 2009

Cairo-based Citadel sets up investment funds

Banking & Finance
Company has invested $600m of own money into Mideast, East Africa-focused funds.

RAK Bank posts 10% jump in Jan-Sept net profit

Banking & Finance
Ras Al Khaimah bank says increase due to growth in loans, mortgages, credit cards.

Tuesday, 27 October 2009

Al Mal keeps short-term underperform on UAE's ADCB

Banking & Finance
Broker expects non-performing loans at Abu Dhabi Commercial Bank to continue to rise.

National Bank of Abu Dhabi posts 41% rise in Q3 profit

Banking & Finance
The Abu Dhabi-based lender posted a third quarter net profit of AED914m ($248.8m).

Oman's Bank Dhofar posts 2.2% drop in Q3 profits

Banking & Finance
The bank reported a small decline in third-quarter profits to 7.29 million rials ($19m).

ADCB announces big slump in Q3 profit

Banking & Finance
UPDATE 1: UAE's third largest bank by assets posts 90% fall in Q3 profit from hefty provisions against bad loans.

Mashreq sees 'unprecedented' credit card skips

Banking & Finance
Bank sees rise in number of customers leaving UAE without paying off debts.

HSBC chief sees start of Mideast recovery

Banking & Finance
Bank's regional chief executive Simon Cooper adds that he does not expect rapid economic rebound.

Monday, 26 October 2009

CIB eyes Egypt consumer banking rise

Banking & Finance
Egypt's biggest private bank by assets set to focus on organic growth, not acquisitions.

Emirates NBD posts 3% rise in Q3 profit

Banking & Finance
UAE's largest bank by assets says Q3 net profit reached $285.9m despite rise in credit impairments.

Sunday, 25 October 2009

TIBC administrator confident but doubts persist

Banking & Finance
Law firm says it is wrong to assume there are ''few assets left'' at Bahraini lender.

Market cap of Arab bourses up 60% since March - UASE

Banking & Finance
UASE Sec Gen calls for better regulation and transparency levels to avert future downturns.

Big Kuwait, Bahrain banks Q3 profits sag on Saudi loans

Banking & Finance
Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010.

Kuwait's Global 'agrees deal' with creditors

Banking & Finance
Troubled investment firm's CEO says final agreement set to be inked by end of Nov.

Friday, 23 October 2009

HSBC delays debit cards for customers till year end

Banking & Finance
Bank declines to say why its 400,000 customers have to wait to get a debit card.

Thursday, 22 October 2009

Abu Dhabi banks beat Q3 profit forecasts

Banking & Finance
First Gulf Bank and Union National Bank both report higher than expected earnings.

Wednesday, 21 October 2009

Union National Bank posts 38% drop in Q3 net profit

Banking & Finance
Bank says Q3 profit fell to AED358.05m from AED581.65m in same quarter 2008.

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