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islamic banking

Gulf sukuk funds grow but liquidity is problem

Gulf-based sukuk funds grow 31 pct in 2011; But half of them account for 91 pct of assets; Aggregate size tiny compared to sukuk market; Funds' turnover ratios generally low; Industry still lacks firm that originates and underwrites

June 21, 2012 5:19

Banker urges UAE Central bank to cut reserve requirements

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
UAE may face risks from deepening euro crisis

IMF: UAE may face risks from deepening euro crisis

UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity

June 10, 2012 5:52
Saudi's Tasnee Eyes Debut Riyal Sukuk

Saudi's Tasnee Eyes Debut Riyal Sukuk

Saudi Arabia's National Industrialization Company (Tasnee) will begin meeting investors next week ahead of a potential debut Islamic bond, or sukuk, the petrochemicals firm said in a regulatory filing.

May 1, 2012 9:33
UAE to tighten banks’ liquidity management guidelines

UAE to tighten banks’ liquidity management guidelines

New rules to reduce severity of liquidity problems; Banks need to comply with new rules from September

June 1, 2011 2:19
Thirsty markets

Thirsty markets

Lack of liquidity continues to plague the local financial markets. Regional unrest and a world economy on the brink again won’t help. Will a new SME IPO market?

March 15, 2011 2:14
Optimism’s good, but is it right?

Optimism’s good, but is it right?

Dynamic corporate leaders in the region are increasingly approaching their roles with optimism and energy. But this contrasts with analysts, who remain resolutely cautious about the economic environment.

June 22, 2010 2:29
Are UAE banks broke?

Are UAE banks broke?

Despite government bailouts, tight liquidity persists throughout the Emirates.

May 7, 2010 10:18

S & P withdraws rating for a unit of Dubai Holding

The ratings agency said that the Dubai Holding Commercial Operations Group’s liquidity position had deteriorated.

January 25, 2010 3:53
Saudi going strong

Saudi going strong

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