The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.
June 24, 2012 10:25
National Bank of Umm Al Qaiwain (NBQ), a bank in the United Arab Emirates, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House .
June 20, 2012 5:40
A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.
June 20, 2012 11:35
Foreign reserves at safe levels cover 5 months' imports; 2012 outlook underpinned by remittances, tourism, Arab aid; Resilient banking sector with $35 bln deposits a cushion
June 19, 2012 5:34