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Nokia charging back with full force
Saudi government websites targeted
SABB Q2 2012 net profit 915 mln riyals vs 852 mln yr-ago; Profit up on increased operating income, decreased costs; Loans and advances up 18.7 pct, deposits up 18.6 pct
July 11, 2012 11:00
Saudi Arabia's Al Rajhi Bank posted a 13.6 percent rise in its second quarter net profit, helped by a 12.3 percent jump in operating income, it said in a statement posted on the bourse website on Tuesday.
July 11, 2012 10:40
Samba Q2 profit up 5.1 pct on higher operating income; Q2 profit 1.16 bln riyals vs 1.1 bln riyals yr-ago; Operating income up 6.7 pct year-on-year
July 11, 2012 10:33
Says central bank regulations to impact banking sector growth; Starts Abu Dhabi Commercial Bank with "neutral" rating
June 21, 2012 5:16
The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.
June 20, 2012 5:42
The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.
June 19, 2012 5:26
Fitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group.
June 19, 2012 10:18
UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity
June 10, 2012 5:52
Profit growth for Saudi banks in 2012 will be driven by strong growth in loan volumes, particularly in the retail segment, NCB Capital said upgrading Arab National Bank (ANB) to "overweight."
June 6, 2012 11:52
Emirates NBD, Dubai’s largest lender, named Mohammad Kamran Wajid as chief executive of its investment banking arm Emirates NBD Capital,…
May 23, 2012 11:39
Dubai Islamic Bank launched a five-year, $500 million Islamic bond, or sukuk, at a spread of 365 basis points over…
May 22, 2012 3:28New bond an option to meet upcoming debt maturities; ADCB has $1.5 bln loan maturing March 2012; Bank has "minimal" exposure to Europe
November 22, 2011 2:18
Ultra-low interest rates contrast with strong growth as the IMF warns that Gulf needs to be ready to adjust policy but weak markets and private sector growth need low rates.
November 10, 2011 4:44Union National Bank posted a 7.3 percent increase in third-quarter net profit on Thursday, helped by a surge in net interest income, beating analysts' forecasts.
October 27, 2011 2:11Noor Islamic Bank (Noor) has been mandated to arrange and lead manage more than $1.4 billion Islamic finance capital market deals in Turkey in the last 18 months, making it the most active UAE bank in the republic.
October 23, 2011 2:28
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
