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Saudi fund buys stake in mortgage lender Refco
A board member of Saudi-based Real Estate Financing Co (Refco) has said the kingdom's Public... Read full article »
Dubai World owes ADCB $2.7bn
Abu Dhabi Commercial Bank is owed some $2.7bn in outstanding loans to Dubai World entities, the... Read full article »
Bank of Sharjah sets up $200m real estate fund
Varouj Nerguizian, executive director and general manager of Bank of Sharjah has announced plans... Read full article »
Ahli United ups Egypt subsidiary stake
Bahrain's Ahli United Bank (AUB) has said it has increased its ownership stake in its Egyptian... Read full article »
Arab Banking Corp posts $122m net profits in 2009
Arab Banking Corporation (ABC) has announced its 2009 Group performance has made $122m of net... Read full article »
Ahli Bank posts 44% net profit increase
Oman's Ahli Bank has reported a 44% rise in its 2009 after tax net profits to OR8.54m. Net... Read full article »
NBK to post 'small growth'
Ibrahim Dabdoub, CEO of Kuwait's largest bank by market value, National Bank of Kuwait has said... Read full article »
First Gulf Bank Q4 profit up 27%
Abu Dhabi-based lender, First Gulf Bank (FGB) has said its Q4 net profit rose 27% to Dhs855m... Read full article »
Emirates NBD discontinues Standard + Poor's ratings
Following the completion of the integration and the migration to the Emirates NBD core banking... Read full article »
Dubai may sell stake in Bank Muscat
Dubai Holding plans to sell its stake in Bank Muscat as it offloads low-profile assets to meet... Read full article »
Sharjah Islamic Bank '09 profit rises 12.3%
Sharjah Islamic Bank has reported a 12.3% rise in net profit for 2009 at Dhs260.1m, compared to... Read full article »
Abu Dhabi Commercial Bank posts $330m loss
Abu Dhabi Commercial Bank posted a fourth-quarter loss of Dhs1.2bn ($330m), compared with a loss... Read full article »
HSBC Middle East delays debit card roll out
HSBC Middle East has delayed the roll out of debit cards to its customers for the second time,... Read full article »
Commercial Bank of Dubai '09 net grows 4%
Commercial Bank of Dubai has posted a 4% increase in full-year earnings on increased interest... Read full article »
UAE banks see decline in assets
The assets, deposits and loans of UAE banks posted the sharpest drops of 2009 in December as the... Read full article »
