2009
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EMEA syndicated lending drops 26%
Syndicated lending in Europe, the Middle East and Africa (EMEA) contracted to $648bn in 2009, as... Read full article »
New panel to address Amlak, Tamweel disputes
The ruler of Dubai has announced the setting up a judicial committee to protect the creditors of... Read full article »
GFH takes $300m Dubai project provision
Bahrain's Gulf Finance House has announced it had taken a provision of $300m over its exposure to... Read full article »
MashreqBank's ratings downgraded
International credit rating agency, Capital Intelligence, has reduced the foreign currency long-... Read full article »
Islamic Development Bank ratings affirmed
Standard & Poor's Ratings Services has affirmed its 'AAA' long-term and 'A-1+' short-term credit... Read full article »
Moody's downgrades Abu Dhabi Commercial Bank
Moody's Investors Service has said it has downgraded its ratings on Abu Dhabi Commercial Bank,... Read full article »
Kuwait-Turkish bank joins DIFC
Kuwait Turkish Participation Bank (Dubai) has said it has received a licence from the Dubai... Read full article »
Saudi banks profit drops 12.6% in Oct-Nov
According to data by the Saudi Arabian Monetary Agency, profits earned by Saudi commercial banks... Read full article »
HSBC UAE to bring in counter charges
HSBC Bank has confirmed that it plans to introduce charges for over-the-counter transactions next... Read full article »
Saudi Hollandi sells $193m sukuk
Saudi Hollandi Bank raised more than $193m from the sale of its second Islamic bond, said a... Read full article »
Bank Sohar installs debt management software
Oman-based lender, Bank Sohar has signed an agreement with Polaris Software to implement its... Read full article »
ADIB inks Emcredit deal
Abu Dhabi Islamic Bank (ADIB) and Emcredit, the UAE's government-backed credit bureau, have... Read full article »
Gulf Finance bought back $9m of Sukuk in Q4
Bahrain-based investment bank Gulf Finance House said today it bought back $9m of its sukuk in... Read full article »
Jordan banks following lead after interest rate cuts
Banks in Jordan are responding positively to the recent decision by the Central Bank of Jordan to... Read full article »
US firm sells 4.7% stake in Egypt's CIBý
Egypt's Commercial International Bank has said US-based Ripplewood Holdings has sold its... Read full article »
