2008
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Tamweel and Amlak gain over 10%
Shares of Amlak Finance and Tamweel, the UAE's two largest mortgage lenders, rose sharply on... Read full article »
Dubai Islamic Bank appoints new CEO
Dubai Islamic Bank has appointed Abdulla Al Hamli as the bank's new Chief Executive Officer, the... Read full article »
Central banks may accept foreign-currency assets
Central banks including the US Federal Reserve may begin accepting assets denominated in foreign... Read full article »
GGICO Brokerage joins German group
Gulf General Investment Company (GGICO), a Dubai-based conglomerate, has announced the merger of... Read full article »
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 »
Dubai Banking Group eyes Africa
Dubai Banking Group, a unit of Dubai Group, is considering opportunities in Indonesia and Africa... Read full article »
ADB, IDB sign $4bn financing agreement
The Asian Development Bank and the Islamic Development Bank have signed an agreement enabling... Read full article »
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 »
JIB net income up 54%
Jordan Islamic Bank, a subsidiary banking unit of Albaraka Banking Group, has announced that its... Read full article »
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 »
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 »
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 »
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 »
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 »
Global banks pledge $70bn
A consortium of 10 global commercial and investment banks announced plans Sunday to create a '... Read full article »
