Loading ...UAE banks to see more bad loans this year
By Kipp • Feb 9th, 2010 • Category: Middle East Business NewsNon-performing loans are expected to increase to 6.4 percent, a central bank official said on Tuesday.
Posts Tagged ‘Central Bank’
Non-performing loans are expected to increase to 6.4 percent, a central bank official said on Tuesday.
UAE central bank expects “low” growth in 2010
By Kipp • Feb 8th, 2010 • Category: Middle East Business NewsThe country will see “real economic growth in 2011,” according to the bank.
Seven people arrested in the UAE for $10 billion fraud
By Kipp • Jan 23rd, 2010 • Category: Middle East Business NewsThe men apparently tried to fraudulently withdraw $10 billion from the UAE Central Bank.
Central banks in GCC monetary union countries stop public sector loans
By Kipp • Jan 3rd, 2010 • Category: Middle East Business NewsCentral banks in Qatar, Saudi Arabia, Bahrain and Kuwait…
Pulling the cords
By Aarti Nagraj • Dec 9th, 2009 • Category: Cover Story, Finance, Nation, The WorkThe UAE government is planning to introduce a unified lending system for all the banks across the country.
UAE: Banks to clear cheques on same day
By Kipp • Nov 4th, 2009 • Category: Middle East Business NewsStarting November 14, banks in the UAE will clear cheques deposited before 10am by 5pm that day…
Damas digging deep
By Aarti Nagraj • Oct 15th, 2009 • Category: Cover Story, Finance, Nation, The WorkThe jewellery company has appointed PWC as an external auditor to scrutinize the “unauthorized transactions” performed by its ex-CEO.
UAE: 13 banks exposed to Saad and Algosaibi fiascos, says central bank governor
By Kipp • Sep 28th, 2009 • Category: Middle East Business NewsThe UAE central bank governor announced on Monday that 13 banks…
Bahrain economy may grow 3pc in 2009, says central bank governor
By Kipp • Sep 28th, 2009 • Category: Middle East Business NewsThe central bank governor of Bahrain’s, Rasheed al-Maraj, said he anticipates the kingdom’s economy…
UAE banks: buoyant, not beaten
By Aarti Nagraj • Jan 22nd, 2009 • Category: Cover Story, Money, Nation, The WorkComments made by the UAE central bank’s governor suggest that banks in the country are not doing too badly.
Jittery UAE banks reach for lifeline
By Kipp • Sep 23rd, 2008 • Category: Cover Story, Money, The Work, investmentsAnd others in the region may follow. “It's as close as this place comes to a reality check,” says one analyst.
Looking for Goldilocks
By Kipp • Sep 22nd, 2008 • Category: Cover Story, Money, The WorkAs the UAE central bank injects cash into the financial system, Standard Chartered says managing the economy will be “a tough balancing act.”
