Emirates Airline picks six banks
Emirates airline, Dubai’s flagship carrier, has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale, lead arrangers said on…
March 6, 2013 9:47
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
UAE to require banks to hold 10 percent liquid assets
Banks in the United Arab Emirates will have to hold high-quality liquid assets equal to 10 percent of their liabilities from Jan. 1 next year, under a rule introduced by the UAE central bank as it prepares the sector to comply with Basel III global standards.
July 15, 2012 5:06
Big Saudi banks post upbeat second quarterly results
Four major Saudi banks reported upbeat quarterly results on Tuesday, topping or meeting estimates, boosted by rising loan demand.
July 11, 2012 11:30
Qatar banks should issue more bonds to meet funding needs
Qatari banks too reliant on deposits for funding; High loan growth vs slower deposit growth could lead to future problems; Gulf banking sector healthy, avoided euro zone problems
July 5, 2012 11:00
Jordan private sector loans rise to $23.4billion in May
Outstanding private sector loans made by the country's 23 commercial banks stood at 16.2 billion dinars at the end of December 2011, Central Bank of Jordan (CBJ) data obtained by Reuters showed.
July 4, 2012 6:15
Gulf banks eye European rivals’ Middle East assets
European lenders selling MidEast, N.Africa assets; Gulf banks keen to expand; have financial resources; Assets in countries such as Egypt, Turkey put on the block
June 21, 2012 3:30
Bahrain Eyes Bond Market Return, Picks Banks
Bond will target U.S. institutional investors; Will aim to raise $1.25 bln over 7 or 10 years -IFR; Mandates JP Morgan, Citi, Stanchart, GIB - sources; Bahrain faces budget deficit in 2012
May 9, 2012 9:12
Why I don’t trust banks in the UAE anymore…
After years of procrastination, this weekend I closed my first ever bank account. It wasn’t as bad as I imagined. In fact it was just a little too easy: I wasn’t asked for identification, a PIN or any special secret questions. My experience has made me forever distrust financial institutions and here’s why.
April 9, 2012 5:04
Cash under the mattress: a new chapter for regional banks
Everyone’s got a theory about where best to keep money. And even though banks used to be the go-to alternative, its future remains uncertain. That is, if they don’t change.
March 25, 2012 3:55
The Volcker Rule: ex-federal reserve head urges stricter reforms in banking
Former US Federal Reserve chairman Paul Volcker, says regulators should not back down in imposing the curbs and that additional reforms to markets are necessary.
February 29, 2012 4:19
Legal limbo stymies banks’ recovery of Dubai Govt
More than two years after the Dubai debt crisis erupted, restructuring of corporate debts remain in legal limbo, unclear on how banks can get back their money from government-linked enterprises.
February 22, 2012 4:52UAE central bank sees no impact on banks from market turmoil
Banks in the UAE are in a good position and should not be affected by turmoil in global financial markets, the OPEC country's central bank said on Wednesday.
November 24, 2011 1:44
Irrelevant: A UAE Bank’s Bankable Problem
Many of us opt to bear and grin through our banking problems, but when a recent contact with the bank ends in an 8-page fax, clearly time to change banks.
November 23, 2011 4:54French banks sell global loan portfolios
French banks selling syndicated loans globally to raise capital; Portfolios already circulated to would-be buyers; Some sales already completed
October 15, 2011 4:28
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Turkish Airlines Can Ride Out Turbulence
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Air Berlin doesn't need Etihad's help
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
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