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
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
Dubai government owned Nakheel Properties…
October 19, 2009 4:37
Officials from Dubai are planning to…
October 19, 2009 4:10
Banks in the UAE are reeling under…
October 13, 2009 3:09
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
The best performing Arab market this year is...
August 9, 2009 4:38
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
Despite being affected by the financial crisis, the Middle East is faring better than other regions, says the IMF.
May 10, 2009 1:17
The UAE minister of labor says that the government is introducing measures to help the nation’s workforce.
April 28, 2009 9:36
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
…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
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
Bank loans exceed their deposits by AED110 billion ($30 billion). Here’s how it happened.
March 10, 2009 10:04