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Libor scandal forces Barclays from UAE rate panel

British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the United Arab Emirates because of its involvement in the Libor scandal in Britain, industry sources told Reuters on Sunday.

July 16, 2012 10:28
 
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New rules to boost Kuwait capital markets

Kuwait’s new loan-to-deposit ratio rules for banks are aimed at encouraging capital market development, improving asset-liability matching and boosting credit…

May 22, 2012 9:18
 
Dubai Lender ENBD's Q1 Profit Beats Forecasts

Dubai Lender ENBD's Q1 Profit Beats Forecasts

Emirates NBD reported a forecast-beating first-quarter net profit as a near 50-percent rise in non-interest income and lower impairments boosted profitability.

April 25, 2012 2:48
 
Mashreq Bank Q1 Net Profit Up 2 Percent

Mashreq Bank Q1 Net Profit Up 2 Percent

Mashreq bank posted a 2 percent rise in first-quarter earnings, as a fall in provisions outweighed lower total income. Net profit increased to 271 million dirhams ($73.8 million) in the period, up from 265.3 million dirhams a year earlier, a bank statement said.

April 25, 2012 10:39