RELATED STORIES

UAE's Union Nat'l Bank sees '08 profit up 17%

Bank has taken two Ministry of Finance loans but nothing from central bank, says CEO.





Bahrain sees real growth of 5% to 2010

Housing, social programmes safe under projections, says finmin official.





Amlak suspends new mortgage loans

Dubai-based Islamic lender says move is temporary, may also need to access retail deposits.





UAE to assess if $19bn facility enough for banks

Government will have disbursed $13.6bn by the end of next week, says official.





Kuwait's Gulf Bank in $1.4bn capital hike after shock loss

Entire board resigns as state fund agrees to mop up any shares left unsubscribed.





Saudi bank credit growth poised for slowdown

But kingdom's non-oil private sector will grow in '09 on a par with '08, says SAMA's no. 2.





Financial crisis stabilising - Gupta

Former head of McKinsey says entering phase of stabilisation, impact to be felt for years.





UK's Brown hits back over pound collapse comment

Opposition concern over government policies as sterling sinks to 13-year low.





Pakistan agrees on $7.6 bln IMF loan

UPDATE 2: Loan necessary to stave off balance of payments crisis and stabilise economy.





World leaders agree on plan to fight deep recession

UPDATE 1: Kick-start growth, better regulation, more say for emerging economies.





Saudi still to decide on IMF funds offer

Kingdom will join calls for greater oversight of financial markets, says official ahead of G20 meeting.





Bahrain banks real estate exposure below 30% - cbank

Kingdom's banks' sectoral exposure in line with proposed guidelines.





GCC economies seen strong, gov't spending to fall

2009 GDP growth will be less than forecast except in Qatar, says EFG Hermes.





Oman receives tourism project finance assurances

Money there for $20bn developments over seven years, says minister.





Kuwait's Jazeera Airways to delay Dubai listing

Low-cost carrier's chief exec blames poor market conditions for postponement.





Oman central bank to supply dollars to local banks

'Current situation on world markets' prompts regulator to intervene in forex transactions.





India in unexpected rate cut

Central bank cuts key lending rate for second time in two weeks and took other steps to spur growth.





Recession latest threat to Iraq

Central bank governor says global economic downturn and falling oil prices causing growth to stall.





Brown calls on Gulf to cough up to fight crisis

British PM says IMF needs more money and those with largest reserves should help.





Senior GE exec upbeat over future Gulf growth

Senior vice president admits US is in recession, says Gulf will also feel impact.





US Treasury to meet with Gulf SWFs

UPDATE 3: Deputy secretary says US wants to make clear it is open to investment from wealth funds.





Oil falls yet again amid global recession fears

UPDATE 1: Price drops for third day to $62 as Asian and US share markets nosedive.





Saudi tries to allay economic fears

UPDATE 2: Central banker says no problems at kingdom's banks, inflation set to decline in Q1 next year.





$5.6tn wiped off sharia compliant equities

Losses in Q3 show equities that comply with Islamic law not immune to crisis - S&P.





Qatar downplays impact of credit crunch

PM says gov't will boost investments at home, will not pull out of global holdings.





NBK not affected by Gulf Bank troubles - CEO

Dabdoub says Kuwait's biggest lender expected to meet its 2008 profit target, flight to quality.





Kuwait to guarantee bank deposits

UPDATE 1: Move comes after central bank forced to step in to support Gulf Bank after it suffered losses.





Dubai, Abu Dhabi property sales at near standstill

Resale prices drop as speculators struggle to sell on units and buyers face financing problems.





GCC says turmoil makes monetary union urgent

UPDATE 2: Adequate steps already taken in response to financial crisis - policymakers.





UAE market support should raise confidence - analyst

Morgan Stanley backs gov't move to guarantee deposits for three years.