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Emirates NBD in $325m Greece loan

Emirates NBD announced it has jointly arranged a $325m syndicated loan for Greece-based Black Sea... Read full article »
United Arab Emirates: Saturday, September 20 - 2008 at 08:33

Dubai Banking Group eyes Africa

Dubai Banking Group, a unit of Dubai Group, is considering opportunities in Indonesia and Africa... Read full article »
United Arab Emirates: Thursday, September 18 - 2008 at 13:31

ADB, IDB sign $4bn financing agreement

The Asian Development Bank and the Islamic Development Bank have signed an agreement enabling... Read full article »
Saudi Arabia: Thursday, September 18 - 2008 at 07:52

HSBC arranges $237m sukuk

HSBC Saudi Arabia was the sole lead manager and bookrunner for a $237m sukuk issued by the Saudi... Read full article »
Saudi Arabia: Wednesday, September 17 - 2008 at 14:39

JIB net income up 54%

Jordan Islamic Bank, a subsidiary banking unit of Albaraka Banking Group, has announced that its... Read full article »
Jordan: Wednesday, September 17 - 2008 at 10:31

Lehman exposure limited in UAE

Three of the UAE' largest banks said on Tuesday they had limited or no exposure to the turmoil... Read full article »
United Arab Emirates: Wednesday, September 17 - 2008 at 07:55

Two more UAE banks hit with fraud

Mashreq and Standard Chartered are the latest UAE banks to reported cases of cash withdrawals by... Read full article »
United Arab Emirates: Wednesday, September 17 - 2008 at 07:48

KHC signs $800m deal with 3 banks

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company, has signed a SR3bn ($800m) deal... Read full article »
Saudi Arabia: Tuesday, September 16 - 2008 at 10:23

UAE banks curb ATM use abroad

Banks in the UAE are restricting international transactions in a bid to curb the payment card... Read full article »
United Arab Emirates: Tuesday, September 16 - 2008 at 07:37

Lehman to file for bankruptcy

Wall Street giant Lehman Brothers, a 158-year-old investment bank that was undermined by bad bets... Read full article »
United States: Monday, September 15 - 2008 at 10:27

Global banks pledge $70bn

A consortium of 10 global commercial and investment banks announced plans Sunday to create a '... Read full article »
Middle East: Monday, September 15 - 2008 at 09:57

BOA buys Merrill Lynch

Bank of America has agreed to buy Merrill Lynch in a deal that values the ailing firm at about $... Read full article »
United States: Monday, September 15 - 2008 at 09:45

Barclays not interested in Lehman

British bank Barclays has pulled out of talks to buy some or all of troubled US investment bank... Read full article »
Middle East: Monday, September 15 - 2008 at 08:47

NIB teams to provide payroll services

Noor Islamic Bank has signed an agreement with the Electronic Documents Centre, a subsidiary of... Read full article »
United Arab Emirates: Sunday, September 14 - 2008 at 08:48

QIB seals $250m Ras Laffan loan

Qatar Islamic Bank (QIB)said it has successfully closed its Islamic financing arrangement for a... Read full article »
Qatar: Saturday, September 13 - 2008 at 16:33
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