2009
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Fraud is major concern at Mideast banks - survey
An online survey by ReadiMinds has revealed that internal frauds in the banking sector remain a... Read full article »
Qatar to scrap post-dated cheque system
Qatar has announced it will begin enforcing a 2006 law next May, under which post-dated cheques... Read full article »
Credit Agricole Egypt gets approval to acquire mortgage firm
Egypt-based lender, Crédit Agricole has said it has completed the acquisition of 99.98% of the... Read full article »
Ithmar bank replaces chairman
The board of Bahrain-based lender, Ithmaar has elected Amr Mohammed al-Faisal as new chairman,... Read full article »
Fitch upgrades HSBC rating
Fitch Ratings has revised its outlook on HSBC Holdings to 'stable' from 'negative' and affirmed... Read full article »
Bankers expect Dubai World's 'standstill' request
Bankers are expecting a formal request for a 'standstill' from Dubai World, concerning its $26bn... Read full article »
Nakheel repays Kuwaiti bank lender
Nakheel has reportedly begun paying some of its debts, with Kuwait-based lender Al-Ahli Bank... Read full article »
Industrial Bank of Kuwait gets Fitch A+
Fitch Ratings has affirmed ratings for the Industrial Bank of Kuwait (IBK) as Long-term Issuer... Read full article »
BankMuscat closes deposit auction
Oman's BankMuscat has said its ninth Certificate of Deposit (CD) auction has been successfully... Read full article »
HSBC launches international Islamic premium
The global Islamic financial services division of the HSBC Group, HSBC Amanah has announced the... Read full article »
Baer appoints new chief for Dubai
Swiss private bank Julius Baer said it is forging ahead with its expansion plans in Dubai by... Read full article »
Bank Sohar to launch SMS alert for credit card holders
Oman-based lender Bank Sohar has announced plans to launch a new SMS alert system for its credit... Read full article »
UAE bank ratings unchanged, says S&P
Standard and Poors has said it does not plan to change its ratings of banks in the UAE, several... Read full article »
Kuwaiti lender to convert to Islamic bank
Bank of Kuwait and the Middle East (BKME) has received the central bank's approval to fully... Read full article »
UAE to support banks with Dubai World exposure
The UAE's central bank said today it would back local banks that have exposure to debt-laden... Read full article »
