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United Gulf Bank posts $20m profit for 2009
United Gulf Bank, the Bahrain-based investment banking arm of Kuwait's KIPCO Group, has said its... Read full article »
GFH expects to raise $420m from asset sales
Bahrain-based investment bank Gulf Finance House plans to raise $420m from asset sales, The... Read full article »
Sales of sukuk to be 'weaker' in 2010, says Deutsche Bank
Islamic debt will remain 'weaker' in 2010 as investors avoid riskier, higher-yielding assets on... Read full article »
UAE to ease dividend restrictions
UAE banks will be allowed to distribute an unlimited percentage of 2009 profit in dividends... Read full article »
UAE Central Bank likely to intervene to trim Eibor
The central bank of the UAE is expected to intervene to bring down the Emirates Interbank Offered... Read full article »
Hilal Bank plans retail expansion in 2010
Mohamed Berro, CEO of Abu Dhabi-based Al Hilal Bank, said the lender plans to expand its credit... Read full article »
Dubai World owes $15bn to UAE banks
A new report by Moody's Investors Service says UAE banks, which are owed about $15bn by Dubai... Read full article »
Gulf Bank looks to break even in H1
Gulf Bank's CEO Michel Accad says he expects the first and second quarters of this year to be... Read full article »
Qatar's IBQ 2009 profit rises 12%
The International Bank of Qatar has reported a 12% rise in net profit in 2009 to QR342m ($93.95m)... Read full article »
BBK's ratings affirmed by Fitch
Fitch ratings has affirmed the rating of Bahrain-based lender BBK at 'A-' for long-term issuer... Read full article »
SABB books highest loan loss impairment in Q4
SABB bank, HSBC's Saudi affiliate, has said it had booked the highest quarterly net impairment... Read full article »
Tamweel to ask to restart trading
Dubai-based mortgage lender Tamweel, whose stock were suspended in November 2008, plans to seek... Read full article »
Jordan cuts interest rates
The Central Bank of Jordan has cut the benchmark interest rates in the kingdom by half-a-... Read full article »
Qatar banks told to cut service fees
Local banks in Qatar have been told by Qatar Central Bank to reduce their service charges, Arabic... Read full article »
Standard Chartered to underperform HSBC, says report
Concerns about indebtedness and job loss in the UAE will cause Standard Chartered to underperform... Read full article »
