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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 »
Banque Libano-Française opens office in Abu Dhabi
Lebanon-based lender, Banque Libano-Française (BLF) has announced the opening of a representative... Read full article »
Bank Muscat's FC deposit rated A1 by Moody's
Moody's Investors Service has given new ratings to Oman's Bank Muscat long-term foreign currency... Read full article »
Abu Dhabi increases its stake in Barclays
Abu Dhabi has raised its stake in Barclays to 5.2% by paying $1.9bn to exercise warrants it took... Read full article »
Loan growth slows in Kuwait
Loan growth in Kuwait slowed to just 6.1% in 2009 to total about KD25.1 billion, KUNA has... Read full article »
Egypt's CIB '09 profit climbs 25%
Consolidated net profit of Egypt's largest private bank by assets, Commercial International Bank,... Read full article »
United Arab Bank plans 15% cash dividend
The United Arab Bank has said it has reduced its proposed cash dividend to 15% from 22%, Emirates... Read full article »
JP Morgan opens Abu Dhabi office
JP Morgan, the US-based investment banking arm of financial services firm JPMorgan Chase & Co,... Read full article »
ADIB to boost stake in Egypt's National Bank
Abu Dhabi Islamic Bank has announced plans to raise its stake in Egypt's National Bank for... Read full article »
Tamweel, Amlak haven't filed for bank license
The UAE's central bank has not received an application for a license for a new bank that would... Read full article »
UAE seeks to lower interbank rates
The UAE's central bank has said it will consult with commercial banks on how to reduce interbank... Read full article »
HSBC expects more sukuks in 2010
HSBC's Amanah Islamic banking division expects double-digit revenue growth and more sukuk... Read full article »
