2008
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Saudi Hollandi raises $206m in bonds
Saudi Hollandi Bank, partly owned by ABN Amro Holding, said it raised 775 million riyals ($206m)... Read full article »
FGB limits foreign ownership to 15%
Abu Dhabi-based First Gulf Bank has reduced the foreign ownership of the bank's total capital to... Read full article »
S&P cuts ratings on UAE banks
Standard & Poor's has lowered its long- and short-term counterparty credit ratings on Dubai... Read full article »
Banks face risk as property market cools
Banks in the UAE face an increasing risk of loan defaults as the country's property boom loses... Read full article »
RakBank offers mortgage deal with Mizin
RakBank and Real estate development firm Mizin have signed an agreement to provide an exclusive... Read full article »
Moody's reaffirms Arab Bank's rating
In a new report Moody's Investors Service has reaffirmed Arab Bank's A2 rating. A 'stable'... Read full article »
Egypt holds rates, hints at cut
Egypt's central bank has announced on Friday it is keeping benchmark interest rates steady but... Read full article »
Bahrain bank awarded
Bahrain's Ahli United Bank (AUB) has been named 'Best Foreign Exchange Bank in the Middle East'... Read full article »
Qatar National Bank receives award
For the second successive year, The Banker, an affiliate publication of the Financial Times, has... Read full article »
Central Bank of Oman cuts financial ratios
The Central Bank of Oman has said it will cut the reserve ratio to 5% from 8%, while also... Read full article »
First branch of Ajman Bank opens
Ajman Bank has opened its first branch in the emirate. The bank is also the first Islamic... Read full article »
Doha Bank to increase its capital
Doha Bank shareholders have agreed to increase the bank's capital by issuing new shares up to 20%... Read full article »
GIH hires HSBC to renegotiate its debt
Kuwait's Global Investment House has appointed HSBC Holdings as an advisor to renegotiate its... Read full article »
First Gulf trims 'scores of jobs'
UAE-based First Gulf Bank has cut 'scores of jobs' in a cost-cutting move following the global... Read full article »
Qatar banks require minimum deposits
Banks in Qatar have begun to implement a minimum initial deposit to open a savings or current... Read full article »
