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Exposed, and it hurts

Exposed, and it hurts

Thirteen UAE banks, and seven foreign branches in the Emirates have a combined exposure of $2.9 billion to the Saad and Algosaibi groups, the Central Bank said on Wednesday. The bank insists everything is going to be ok. Is it?

November 19, 2009 4:19
 
Who’s making money?

Who’s making money?

Companies across the region have started releasing their third quarter results for the year. Here are some of the firms whose profits in 2009 exceeded those in 2008.

October 24, 2009 7:23
 

Nakheel pays off $1.2bn billion bank debt

Dubai government owned Nakheel Properties…

October 19, 2009 4:37
 

Dubai to meet potential investors abroad

Officials from Dubai are planning to…

October 19, 2009 4:10
 

Abu Dhabi secures $2.15bn for water and power projects

Abu Dhabi has signed a…

October 19, 2009 3:34
 

UAE banks face $11bn liquidity deficit

Banks in the UAE are reeling under…

October 13, 2009 3:09
 
Have banks learned their lesson?

Have banks learned their lesson?

Apparently not. Banks in the UK and the US are preparing to give bonuses to their executives, in spite of the impact of the financial crisis on world economies.

September 15, 2009 12:38
 

UAE best performing market in July

The best performing Arab market this year is...

August 9, 2009 4:38
 
Saudi going strong

Saudi going strong

The kingdom’s financial sector is reporting good numbers, and the central government is not reeling under any external debts. Analysts say that Saudi remains largely shielded from the financial crisis.

August 9, 2009 10:32
 
Better than the rest

Better than the rest

Despite being affected by the financial crisis, the Middle East is faring better than other regions, says the IMF.

May 10, 2009 1:17
 
Working for the workers

Working for the workers

The UAE minister of labor says that the government is introducing measures to help the nation’s workforce.

April 28, 2009 9:36
 
Banks stumbling back?

Banks stumbling back?

The UAE’s banks will report growth this year, says the Emirates NBD chairman, as some of the major lenders in the US also start to show signs of recovery.

April 19, 2009 1:50
 
The financial crisis could even lead to a war…

The financial crisis could even lead to a war…

…Says the head of the International Monetary Fund, adding that the only solution lies in cleaning up the financial sector.

March 24, 2009 10:09
 
Controlling credit in the UAE

Controlling credit in the UAE

The country’s Federal National Council has passed a draft law that announced the creation of a federal body aimed at monitoring people’s credit records.

March 11, 2009 2:49
 
Mind the gargantuan gap

Mind the gargantuan gap

Bank loans exceed their deposits by AED110 billion ($30 billion). Here’s how it happened.

March 10, 2009 10:04