2008
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Fitch rates GIB 'A' stable
Fitch Ratings has affirmed the Bahrain-based Gulf International Bank's (GIB) ratings at Long-term... Read full article »
CB given A+ rating
The Commercial Bank of Kuwait has been given a long term issuer default A+ rating by Fitch... Read full article »
UIB acquires BWA Water Additives
Bahrain-headquartered United International Bank has acquired UK-based BWA Water Additives, a... Read full article »
UAE banks deny merger buzz
Shares have soared in Abu Dhabi Commercial Bank as investors bet a forced merger could happen... Read full article »
Interest rates in UAE tighten
Interest rates in the UAE are tightening as a credit crisis deepens and banks prepare for the... Read full article »
Corporation Bank launches Dubai office
India's government-owned Corporation Bank has announced the opening a representative office in... Read full article »
New banking facility for Palm residents
Emirates NBD, the largest banking group in the Middle East in terms of assets, has announced that... Read full article »
UAE banks get funds access
The UAE central bank has said it would give banks access to short-term funds at a premium to... Read full article »
CBD to sell $2bn bonds
Commercial Bank of Dubai, the lender 20%-owned by the Dubai government, plans sell $2bn of bonds... Read full article »
Shuaa fined $950,000 by DFSA
The Dubai Financial Services Authority (DFSA) on Wednesday fined Shuaa Capital, the UAE's largest... Read full article »
Dubai Bank issues MTN worth $5bn
Dubai Bank, a Dubai Group company, on Thursday announced plans to issue $5bn in medium-term notes... Read full article »
Bahrain has no plans to create emergency fund
A senior official at the Central Bank of Bahrain said the regulator is unlikely to create an... Read full article »
QInvest appoints Shahbaz as new CEO
QInvest, a Qatar-based investment bank, has named Shahzad Shahbaz as its new CEO. A twenty-five... Read full article »
Qatari buys 5% stake in Iceland bank
A company owned by Sheikh Mohammed Bin Khalifa Al-Thani, a member of the Qatar royal family, has... Read full article »
Dubai police sign deal with Emcredit
Emcredit, the UAE's first private credit information company, has signed a data sharing agreement... Read full article »
