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Kuwait Finance House eyes US, China markets
Bader al-Mukhaizeem, Chairman of Kuwait Finance House, has said the lender plans to expand in... Read full article »
NBK shareholders approve 10% capital hike
Shareholders of National Bank of Kuwait, the country's biggest lender, approved raising the bank'... Read full article »
Saudi British Bank's rating cut at Nomura
Saudi British Bank (Sabb), which is 40%-owned by HSBC Holding, was downgraded to "reduce' from '... Read full article »
Bank Sharjah eyes JV with BNP Paribas
Varouj Nerguizian, general manager of the Bank of Sharjah, has unveiled plans to form a joint... Read full article »
Oman's credit card business grows by one-third
Samrat Raj, Product Manager at the National Bank of Oman's Card Division has said that according... Read full article »
Customers remain loyal to banks
A survey by global market research firm Synovate has found that bank customers across Central/... Read full article »
UAE's big banks renegotiate more than $4bn loans
More than Dhs15bn ($4.08bn) in loans have been renegotiated by the largest three banks in the... Read full article »
HSBC appoints MidEast banking chief
HSBC has announced the appointment of Halla Sakr, as head of regional retail banking and personal... Read full article »
Saudi banks' January income falls 20%
Figures by the Saudi Arabian Monetary Agency (Sama) have shown that the net income of 12... Read full article »
UAE mortgage loans slump in 2009
Mortgage loan growth in the UAE fell sharply in 2009 as banks maintained their tight credit... Read full article »
HSBC write offs jump four-fold for Mideast
HSBC wrote off $1.33bn worth of bad loans to Middle East customers in 2009, the National has... Read full article »
Net profits of banks in Jordan fall 32% in '09
Net profits of banks in Jordan tumbled 32.9% in 2009 to JD526.5m compared with JD784.7m in 2008,... Read full article »
Dubai bank launches Arabic mobile internet service
Dubai-based lender Noor Islamic Bank has announced the launch of the UAE's first Arabic enabled... Read full article »
UAE may take action to boost bank lending
Economists say the UAE may take steps to increase bank credit, as a slowdown in lending and a... Read full article »
UAE ATMs crash due to computer glitch
The UAE's central bank has confirmed that all cash machines in the UAE were shut down for almost... Read full article »
