Union Properties in debt deal with Emirates NBD
Developer to repay 1.1 bln dirhams using asset transfer; Extends remaining 2.7 bln dirhams debt to 2017
January 18, 2012 2:02
Lender SABB’s Q4 up 65 percent on lower operating costs
Saudi British Bank posted a 65-percent rise in quarterly profits on Monday, citing lower operating costs for the gains.
January 16, 2012 12:37
RBS to sell Middle East M&A business
Five potential parties interested in business - source; Sale part of RBS' global exit from investment banking; Mideast corporate finance head to leave post
January 16, 2012 12:26Saudi Hollandi Bank Q4 net profit up 2.7 percent
Q4 net up 2.7 pct on lower operating costs; 22.7 pct earning drop from Q3 on lower operating income
January 14, 2012 5:28Tamweel launches $300M 5-year sukuk
Dubai's Tamweel, a sharia-compliant mortgage provider, has launched a $300 million five-year Islamic bond, or sukuk, a document from lead managers said on Tuesday.
January 11, 2012 11:18Lloyds in talks to offload UAE business, ADCB likely buyer
Lloyds Banking Group in talks to sell UAE business - sources; Abu Dhabi Commercial Bank seen frontrunner to buy Lloyds operations
January 9, 2012 11:13Kuwait Finance House makes $96M profit from Saudi exit
The Saudi unit of Kuwait Finance House, the Gulf state's largest Islamic bank, made a 360 million riyals ($96 million) profit from the sale of a real estate project in the kingdom, the bank said in a regulatory filing on Sunday.
January 8, 2012 10:42Qatar’s Barwa Bank completes $467M rights issue
Qatar's Barwa Bank, a unit of Barwa Real Estate, has completed a 1.7 billion riyals ($466.8 million) rights issue aimed at funding the bank's expansion, it said in a statement on Sunday.
January 8, 2012 10:40Oman’s Bank Muscat sets $260M rights issue
Oman's Bank Muscat , the sultanate's largest bank by assets, will launch a rights issue in the second quarter of 2012, subject to regulatory approval, the bank said in a bourse statement on Thursday.
December 22, 2011 1:14
Save by using your credit card? Really?
When you can only use a credit card to purchase savings bonds online, then you start to question the whole banking sector’s take on changing consumer spending habits.
December 18, 2011 5:36UAE’s NBAD appoints new private banking head for Abu Dhabi
National Bank of Abu Dhabi has appointed Ghadeer Abu Hijleh as head of private banking for Abu Dhabi and Al Ain, it said on Sunday.
December 18, 2011 11:44
Back on track? GCC Corporate Banking in recovery
GCC corporate banking profitability is on its way to recovering from the turmoil of the financial crisis, or so says the latest report by The Boston Consulting Group (BCG).
December 14, 2011 4:57Oman to subsidise food staples to offset inflation
Oman's government has approved plans to subsidise food staples to offset inflation, a government official at the Gulf sultanate's trade ministry said on Tuesday.
December 14, 2011 10:59Abu Dhabi Islamic Bank pays off $800M sukuk
Abu Dhabi Islamic Bank (ADIB) said it had fully paid an $800 million, five-year Islamic bond which matured on Dec. 12, 2011.
December 13, 2011 11:40Kuwait’s Global Investment House says creditors agree with repayment delay
Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
December 13, 2011 11:38
A major step for Turkey
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26