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  • UAE banks and top lenders

    UAE banks told to extend loan maturities for citizens

    The United Arab Emirates' central bank has told lenders to extend maturities on certain personal loans held by UAE citizens by more than four years, the latest initiative aimed at reducing their debt burdens.

    August 16, 2012 3:57
  • Abdel Hamid Shoman

    Arab bank chairman quits, in dispute with CEO

    The chairman of Jordan-based Arab Bank, Abdel Hamid Shoman, resigned on Thursday after a dispute with key shareholders and the bank's CEO, several sources inside the bank said.

    August 16, 2012 3:56
  • Qatar-telecom-gains-control-of-Iraqi-Asiacell-for-1.5-billion

    Qatar Telecom offers $2.2 billion for Wataniya stake

    Qtel offers to pay $2.2 bln for 47.5 pct stake; Kuwait sovereign fund owns 23.5 pct stake in Wataniya; Offer price of 2.6 dinars at 18 pct premium; Kuwait sovereign fund yet to decide on share sale -source

    August 16, 2012 3:55
  • stanchart

    StanChart works on joint deal with us agencies

    Negotiations accelerate with other agencies after NY deal; Bank plans collective deal; Slump in share price had pushed bank to strike deal; Role of regulators called into question by shareholders; Shares rise 4.7 percent in London on Tuesday

    August 15, 2012 5:08