2009
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NBK long term A+ rating affirmed
The National Bank of Kuwait (NBK) has had its A+ rating affirmed by agency Standard & Poor's. The... Read full article »
Amlak, Tamweel 'to merge' into Islamic bank
Dubai-based Islamic mortgage lenders Amlak and Tamweel could be merged soon into one company and... Read full article »
National Bank of Fujairah posts $25.4m Saudi exposure
The National Bank of Fujairah has said its exposure to Saudi Arabia's Algosaibi Group amounts to... Read full article »
Investment Dar creditors' individual claims 'ongoing'
According to a report by Al-Qabas Arabic daily, several of Kuwait's Investment Dar creditors... Read full article »
Sharjah Islamic posts $15m Algosaibi exposure
Sharjah Islamic Bank has announced its exposure to Saudi Arabia's Algosaibi Group was Dhs55m ($... Read full article »
UAE banks to provide details of Saudi exposure
The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) have directed listed... Read full article »
Dubai banks' exposure to property sector hits 23%
According to a report by Kuwait Financial Centre, the exposure of Dubai banks to the troubled... Read full article »
Saad's parent company in Dubai is liquidated in UK
The parent company of the Saad Group's Dubai investment unit has gone into liquidation in the UK.... Read full article »
Investcorp's rating cut by Moody's
Credit rating agency Moody's has downgraded Bahrain-based Investcorp, citing the fragility of its... Read full article »
Dubai Bank unveils e-pay system for Salik
Dubai Bank, in partnership with the emirate's Roads and Transport Authority (RTA), has unveiled... Read full article »
Gulf Investment to reschedule debt
Kuwait-based Islamic lender, Gulf Investment House (GIH), has reached an agreement with three of... Read full article »
Rasmala launches equity fund in Egypt
Rasmala Investment Bank, headquartered in the Dubai International Financial Centre (DIFC), has... Read full article »
NBAD opens 90th branch in UAE
National Bank of Abu Dhabi (NBAD) has announced the opening of its new branch in Al Nahda in... Read full article »
Oman banks may need more provisions on Saudi
Banks in Oman may need to take additional provisions on bad debt due to exposure to troubled... Read full article »
Bahrain banks told to raise H1 provisions
Commercial banks in Bahrain have been advised by the kingdom's central bank to boost their... Read full article »
