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Prince Alwaleed reaffirms support to Citi's Pandit
Major Citi Bank shareholder, Prince Alwaleed bin Talal, has reaffirmed his support to the bank's... Read full article »
Saudi bank lending to rise in 2010, says NCB
Banks in Saudi Arabia will lend more this year as confidence is growing and lenders become less... Read full article »
UAE banks' ATMs rise 48%, branches up 11%
According to official data by the central bank of the UAE, the number of branches of banks in the... Read full article »
SABB Bank's non-performing loans rose to $940 mln in 2009
Non-performing loans at SABB bank, HSBC's Saudi affiliate, soared more than 16 times to SR3.53bn... Read full article »
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 »
