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Gulf Arab state

Oman-Nizwa-riyal

Oman’s al Izz Islamic bank to float in September

Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to float 40 percent of its shares in September, a bank official said on Thursday.

August 9, 2012 4:07
 
Qatar-plans-to-spend-49-billion-in-2012-13

Qatar banks should issue more bonds to meet funding needs

Qatari banks too reliant on deposits for funding; High loan growth vs slower deposit growth could lead to future problems; Gulf banking sector healthy, avoided euro zone problems

July 5, 2012 11:00
 
HSBC Middle East

HSBC’S Oman unit merger halted after creditor suit

Oman has temporarily halted a merger between HSBC's operations in the Gulf Arab state and Oman International Bank due to a lawsuit against the British lender, a source familiar with the matter said on Thursday.

May 26, 2012 3:21
 
Qatar Shell-Seimens

Qatar stakes in Siemens, Shell reflect drive to step up development

State seeks stakes in companies pegged for role in its domestic development; Sees strong long-term outlook for commodities; Turns towards energy, diversifying bank, property-heavy portfolio

May 24, 2012 2:19
 

Abu Dhabi evaluating Shah gas partner, no deadline

Recent media reports said the selection of a partner would be done by March.

January 17, 2011 2:56