2008
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Masraf Al Rayan to sell stake to QIA
Masraf Al Rayan, Qatar's second-largest Islamic bank, plans to raise capital by selling a 20%... Read full article »
Gulf Bank's board quits
Kuwait's Gulf Bank, the country's second-biggest lender by assets, said its losses in derivatives... Read full article »
Exchange house sets up more affiliations
Emirates India International Exchange (EIIE), one of UAE's most established exchange houses, has... Read full article »
Doha Bank opens in Seoul
Doha Bank has opened a representative office in Seoul, South Korea. It already has branches... Read full article »
Takaful International revenues up 61%
Bahrain Islamic insurance group Takaful International Company saw its total insurance... Read full article »
Gulf Bank buyers eye 51% stake
Noor Financial Investment is representing two potential buyers for embattled Kuwait-based lender... Read full article »
Bahrain banks under 30% realty exposure
Bahraini banks are below 30% exposed the real estate sector, according to Bahrain's central bank,... Read full article »
Tamweel shares tumble
Shares of Tamweel, the UAE's second-biggest mortgage provider, fell to their lowest level since... Read full article »
HSBC curbs lending in UAE
HSBC, Europe's largest bank, said it has doubled the monthly salary requirement for customers in... Read full article »
EIB opens bank branch for women
Al Reem, a specialised branch of Emirates Islamic Bank designed to cater to the banking and... Read full article »
Moody's downgrades Gulf Bank
Moody's Investors Service has downgraded Gulf Bank's bank financial strength rating (BFSR) to C-... Read full article »
Lloyds TSB stops issuing mortgages for UAE flats
Lloyds TSB Middle East has stopped granting mortgages for UAE apartments and is now requiring a... Read full article »
ADCB unaffected by global downturn
Abu Dhabi Commercial Bank is in a strong position and has not been affected by the current global... Read full article »
Beltone opens in Libya
Egypt-based investment bank Beltone Financial has expanded into Libya and opened an office in... Read full article »
Bank growth 'unsustainable'
The recent rates of Gulf bank growth were labelled as 'unsustainable' by Eirvin Knox, CEO of Abu... Read full article »
