2008
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GCC banking conference set for Bahrain
The 9th GCC Banking Conference is to be held in the Kingdom of Bahrain at the Ritz Carlton Hotel... Read full article »
Jordan's banking industry healthy, Moody's says
The credit outlook for Jordan's financial institutions is stable and positive, according to a new... Read full article »
Deutsche offers wholesale banking
Deutsche Bank has received its license from the UAE Central Bank to offer wholesale banking in... Read full article »
Bahrain trims interest rates
Bahrain cut key deposit and lending rates on Thursday by 75 basis points, becoming the latest... Read full article »
Mashreq to offer small-business owner loans
Masreqbank, the UAE's fourth largest bank by assets, will begin offering small business-owner... Read full article »
HSBC Middle East will not lay off staff
Youssef A Nasr, CEO of HSBC Bank Middle East Limited, said none of the bank's employees in the... Read full article »
GIH fail's to repay loan
Kuwait's Global Investment House has failed to repay a loan due on 15 December, and has 72 hours... Read full article »
UAE banks trim credit card limits
Several major banks in the UAE lowered credit limits and reduced amounts available for... Read full article »
US cuts interest rate to near zero
The US Federal Reserve has slashed its target interest rate to nearly zero and is taking a number... Read full article »
No rate cut for UAE
The UAE Central Bank said Tuesday it would not cut interest rates if the US Federal Reserve eases... Read full article »
Saudi Arabia cuts interest rates
Saudi Arabia has cut two key interest rates by half a percentage point to help boost bank... Read full article »
Dubai arrests gang for credit fraud
Dubai police said on Monday they have arrested three members of a gang who allegedly swindled $... Read full article »
Moody's downgrades four UAE banks
Moody's Investors Service has revised downwards the outlooks on the ratings of four banks based... Read full article »
UAE faces no liquidity crisis, Al Suwaidi says
The UAE has adequate resources to pump liquidity to the local banking system, Sultan Nasser Al... Read full article »
Abu Dhabi Islamic Bank plans expansion
Abu Dhabi Islamic Bank is pushing ahead with expansion plans in the UAE and wider region as... Read full article »
