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Police foil $14.4 billion fraud

Iranian fraudster wanted by Interpol; police call attempt "stupid."

June 6, 2010 3:51
 

Salameh: Remittances into Lebanon mitigate threat posed by public debt

The central bank governor said that a high growth rate is the country’s challenge for the future.

May 19, 2010 10:13
 

Banks in UAE will face Dubai World fallout in second quarter

With 15 billion in exposure to Dubai World, the central bank expects UAE’s local banks will take brunt of restructuring impact.

April 26, 2010 9:11
 

Further Dubai aid ‘won’t be necessary’

Emirate isn’t likely to need more central bank support, says Sultan bin Nasser al-Suwaidi.

March 15, 2010 6:43
 

UAE banks to see more bad loans this year

Non-performing loans are expected to increase to 6.4 percent, a central bank official said on Tuesday.

February 9, 2010 12:01
 

UAE central bank expects “low” growth in 2010

The country will see “real economic growth in 2011,” according to the bank.

February 8, 2010 8:27
 

Seven people arrested in the UAE for $10 billion fraud

The men apparently tried to fraudulently withdraw $10 billion from the UAE Central Bank.

January 23, 2010 8:03
 

Central banks in GCC monetary union countries stop public sector loans

Central banks in Qatar, Saudi Arabia, Bahrain and Kuwait…

January 3, 2010 4:18
 
Pulling the cords

Pulling the cords

The UAE government is planning to introduce a unified lending system for all the banks across the country.

December 9, 2009 1:46
 

UAE: Banks to clear cheques on same day

Starting November 14, banks in the UAE will clear cheques deposited before 10am by 5pm that day…

November 4, 2009 12:31
 
Damas digging deep

Damas digging deep

The jewellery company has appointed PWC as an external auditor to scrutinize the “unauthorized transactions” performed by its ex-CEO.

October 15, 2009 4:20
 

UAE: 13 banks exposed to Saad and Algosaibi fiascos, says central bank governor

The UAE central bank governor announced on Monday that 13 banks…

September 28, 2009 2:12
 

Bahrain economy may grow 3pc in 2009, says central bank governor

The central bank governor of Bahrain’s, Rasheed al-Maraj, said he anticipates the kingdom’s economy…

September 28, 2009 2:11
 
UAE banks: buoyant, not beaten

UAE banks: buoyant, not beaten

Comments made by the UAE central bank’s governor suggest that banks in the country are not doing too badly.

January 22, 2009 11:43
 
Jittery UAE banks reach for lifeline

Jittery UAE banks reach for lifeline

And others in the region may follow. “It's as close as this place comes to a reality check,” says one analyst.

September 23, 2008 12:31