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QIA to buy into Qatar banks

State investment arm, the Qatar Investment Authority, is to buy between 10% and 20% of stock in... Read full article »
Qatar: Monday, October 13 - 2008 at 12:24

QNB profits up 77%

Qatar National Bank has announced Q3 profit increases of 77% on the same period last year. Net... Read full article »
Qatar: Sunday, October 12 - 2008 at 09:59

UAE banks strong, says Governor

The Governor of the UAE Central Bank has flown to the US to discuss the worldwide liquidity... Read full article »
United Arab Emirates: Saturday, October 11 - 2008 at 13:07

UAE, Kuwait cut interest rates

Central banks in Kuwait and the UAE cut interest rates yesterday, tracking a round of emergency... Read full article »
Kuwait: Thursday, October 09 - 2008 at 08:08

Tamweel plans Dhs2bn Islamic bond

Shaikh Khaled Al Nahayan, chairman of Dubai-based Islamic mortgage lender Tamweel, said the firm... Read full article »
United Arab Emirates: Tuesday, October 07 - 2008 at 09:50

Samba Q3 profit falls

Saudi Arabia's second-biggest lender, Samba Financial Group, said on Monday third-quarter profit... Read full article »
Saudi Arabia: Tuesday, October 07 - 2008 at 09:21

Arab National Bank profits up 3.3%

Arab National Bank has announced that its Q3 profits are up 3.3% fuelled by an increase in... Read full article »
Saudi Arabia: Monday, October 06 - 2008 at 11:54

Al Rajhi profits up 4.1%

Saudi-based Al Rajhi bank has announced that its net profits for Q3 are up 4.1%. The rise is... Read full article »
Saudi Arabia: Monday, October 06 - 2008 at 11:46

Amlak profit up 157%

Amlak Finance, the largest real estate financier in the Middle East by market value and total... Read full article »
United Arab Emirates: Monday, October 06 - 2008 at 09:02

GCC banks exposed to property

Banks in the GCC have potentially left themselves exposed in the real estate market if global... Read full article »
Middle East: Sunday, October 05 - 2008 at 13:47

Tamweel, Amlak to merge

The two largest mortgage finance providers in the UAE, Amlak and Tamweel, have announced that... Read full article »
United Arab Emirates: Sunday, October 05 - 2008 at 10:21

Fitch rates GIB 'A' stable

Fitch Ratings has affirmed the Bahrain-based Gulf International Bank's (GIB) ratings at Long-term... Read full article »
Bahrain: Saturday, October 04 - 2008 at 11:11

CB given A+ rating

The Commercial Bank of Kuwait has been given a long term issuer default A+ rating by Fitch... Read full article »
Kuwait: Thursday, October 02 - 2008 at 10:27

UIB acquires BWA Water Additives

Bahrain-headquartered United International Bank has acquired UK-based BWA Water Additives, a... Read full article »
Bahrain: Wednesday, October 01 - 2008 at 09:32

UAE banks deny merger buzz

Shares have soared in Abu Dhabi Commercial Bank as investors bet a forced merger could happen... Read full article »
United Arab Emirates: Tuesday, September 30 - 2008 at 09:24
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