Register | Forgot password?
Switch to Arabic
Saturday, November 7 - 2009

Banking

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.

Sign up for our weekly banking newsletter

Banking daily news »

Bahrain's GIB sets initial price for bond issue

Bahrain: 5 hours, 46 minutes ago
Bahrain's Gulf International Bank (GIB) has said its initial price guidance for its Saudi bond issue will be at 130 to 140 basis points above the Saudi interbank offered rate (Sibor), MEED has reported. The bond will be offered through private placement and will be riyal dominated with a tenor of three years.

Banking press releases

Video Features »

Audio Features »

Analysis

The number of ATM cards and transactions in Saudi Arabia continues to increase

Sama backs Saudi banks with SR26bn

Saudi Arabia: Tuesday, March 17 - 2009 at 13:44
In an attempt to enhance stability in the Saudi banking sector in light of the global financial turmoil, the Saudi Arabian Monetary Agency (Sama) pumped a sum of SR26bn into local banks, at a time when banking operations through the Saudi Payments Network (SPAN) increased during January over December of 2008 by over 69,500 to more than 28.7 million operations. Banking operation in the same period increased by 2.4 million operations to more than 45.6 million.