DIC to delay bank repayment for 3 months
Dubai Holding's company reaches agreement with six banks to postpone repayment of more than $1 billion.
May 28, 2010 11:03Dubai World threatens to end payments
Payment of interest under threat if agreement cannot be reached by end of the month, says Dubai World.
May 19, 2010 4:25Distressed Saudi conglomerate Saad vows to pay banks
Reuters data suggests loans worth around $5.5 billion are due in 2012; More than 120 banks believed affected.
April 23, 2010 9:43
What your bank knows about you
OPINION: Why you should be wary about the data collected by credit rating agencies, and how it affects your ability to get a loan.
March 24, 2010 5:29Saudi bourse hits 17-month high
Saudi‘s Tadawul index closed 0.4 percent higher on Saturday, just under 6,700 points, its highest since October 6, 2008.
March 20, 2010 10:46
Neither a borrower nor a lender be
Despite a slight upturn in lending, some say UAE banks are still reluctant to grant personal loans. But others believe that consumers are the wary ones.
February 24, 2010 4:11Abu Dhabi’s $10 billion aid included $5 billion from banks
Al Hilal Bank and National Bank of Abu Dhabi had subscribed to Dubai’s $5 billion bond in November.
January 18, 2010 12:01UAE banks need more bad loan provisions, says central bank
Although the UAE’s economy will see growth this year…
January 6, 2010 5:24Dubai might fully repay bank debts of Dubai World
Dubai might opt to fully repay all of the bank debt…
December 20, 2009 5:13Banks expect Dubai World to make formal request for debt standstill on Monday
Dubai World, a government-owned conglomerate, is expected to make a formal request for a debt standstill…
December 19, 2009 10:35
Pulling the cords
The UAE government is planning to introduce a unified lending system for all the banks across the country.
December 9, 2009 1:46Dubai World planning to meet creditors next week
Government-owned Dubai World is planning…
December 2, 2009 12:00
According to a recent survey, UAE customers are happier with bank services after the financial crisis. Do you agree?
The results are in.
November 30, 2009 2:04
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