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As the population expands, banks and financial institutions in the Middle East continue to enjoy sustained growth, capitalising on the increased demands for loans, mortgages and other financial services. With demand also growing for Shariah-compliant banking, see how the latest financial news and developments impact your business.
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Qatar lending falls by QR15.5bn
Qatar
Qatar's bank lending has fallen by QR15.5bn during the first quarter of this year, 7% lower than the previous quarter, ending in December 2008, The Peninsula has reported. According to the Qatar Central Bank, personal loans had a total share of loans amounting to QR56bn till last February while real estate loans took up a total of QR37bn.
- » Kuwait Finance launches student financing
- » UAE banks' Saudi exposure tops $3bn
- » MoneyGram expands network in Saudi Arabia
- » Bank Muscat sells HDFC stake
- » Riyad Bank to provide $373m in financing for project
- » Bank Dhofar has $10m exposure to Algosaibi Group
- » Qatar National Bank to sell stake in Syrian unit
- » Arab Bank says unhurt by exposure to Saudi banks
- » Beltone to expand in Middle East
- » More Banking news...
Banking press releases
QNB launches new state of the art Customer Care Center
Qatar
Qatar National Bank (QNB) announced the launch of its newly upgraded state-of-the-art Customer Care Center, which is tailored to enhance customer satisfaction and meet the demands of the Bank's growing activities.
- » CrediMax celebrates the summer in style at Bahrain City Center
- » Commercial Bank of Dubai opens a new branch of ‘Attijari Al Islami' in Sharjah
- » Emirates NBD hosts elite networking event at Burjuman Business Towers
- » Mediterranean Smart Cards Company signs agreement with China Unionpay
- » Citi Foundation, Injaz-Lebanon launch JA Banks in Action across Lebanon’s schools
- » HSBC Private Bank wins at Banker Middle East Industry Awards 2009
- » Burgan bank teams up with Movenpick Al Bida’a to provide customers with new offers this summer
- » Al Rajhi Bank recognizes 228 achievers across the Kingdom
- » Healthcare reforms throughout the GCC set to trigger massive investment
Analysis
Middle East lenders invoke Market Disruption clause
Middle East
Globally, the last six months have been an extraordinary period of time in the financial sector, as lenders' relationships with many of their customers have become increasingly strained. The cost of credit (across almost all sectors) has increased as markets focused on stronger banking capital ratios, and more conservative credit assessments.
- » Sama backs Saudi banks with SR26bn
- » Dubai's banks may eventually seek consolidation
- » BNP Paribas optimistic on Kuwait’s banking sector
- » Saudi banking enters an era of growth
- » Unemployed bankers head to Dubai
- » When will the global financial crisis impact on the Middle East?
- » UAE banks skirting global financial crisis
- » Low interest rates boost Mid East bank profits
- » Profits and purchases for Al Khaliji
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