UAE banks have funds surplus, says Central Bank

Saif Shamsi, senior executive director for treasury at the UAE central bank has said that local... Read full article »
United Arab Emirates: Tuesday, February 16 - 2010 at 09:15

Abu Dhabi Islamic Bank posts $170m loss in Q4

Abu Dhabi Islamic Bank has said its full-year profit in 2009 had dropped to Dhs78m from Dhs460m... Read full article »
United Arab Emirates: Monday, February 15 - 2010 at 09:16

Bahrain to impose limits on credit exposures

The Central Bank of Bahrain is consulting with local banks on introducing an upper limit on... Read full article »
Bahrain: Monday, February 15 - 2010 at 09:13

NBAD to launch operations in Jordan

National Bank of Abu Dhabi is set to officially inaugurate its first branch in Jordan on February... Read full article »
Jordan: Sunday, February 14 - 2010 at 10:19

Saudi Hollandi, ANB made highest loan provision in Q4

Saudi Hollandi Bank and Arab National Bank made the highest quarterly provisions in 2009 for... Read full article »
Saudi Arabia: Sunday, February 14 - 2010 at 10:02

Bank Muscat to issue CDs

Oman's Bank Muscat has announced plans to auction certificates of deposits (CDs) worth RO15... Read full article »
Oman: Sunday, February 14 - 2010 at 09:55

Jordan-Kuwait Bank net profit down 8.5%

Jordan-Kuwait Bank has reported an 8.5% fall in its 2009 net profit to JD44.8m ($63m), despite a... Read full article »
Kuwait: Sunday, February 14 - 2010 at 09:39

Dubai Islamic Bank posts Dhs1.2bn net profits

Dubai Islamic Bank (DIB) has said its net profit for the full year of 2009 had dropped to Dhs1.... Read full article »
United Arab Emirates: Saturday, February 13 - 2010 at 09:19

Commercial Bank Qatar raises capital

The Commercial Bank of Qatar has raised its capital by 4.8% to QR2.3bn from QR2.2bn and said it... Read full article »
Qatar: Thursday, February 11 - 2010 at 10:06

Boubyan share issue attracts 85% subscriptions

Kuwaiti Islamic lender Boubyan Bank has said that it has received subscriptions of more than 85%... Read full article »
Kuwait: Thursday, February 11 - 2010 at 10:03

Shuaa board member resigns

Shuaa Capital, the largest investment bank in the UAE, has announced that Abdul Rahman Al Saleh... Read full article »
United Arab Emirates: Wednesday, February 10 - 2010 at 09:16

ADIB may allow 25% foreign ownership

Abu Dhabi Islamic Bank has said it may allow non-UAE nationals to hold up to 25% of the company's... Read full article »
United Arab Emirates: Wednesday, February 10 - 2010 at 09:14

UAE's bank debt to rise in 2010

Non-performing loans are expected to swell almost 50% to nearly Dh65bn ($17.69bn) in the UAE this... Read full article »
United Arab Emirates: Tuesday, February 09 - 2010 at 09:13

Emirates NBD launches Jersey Offshore Deposits

Emirates NBD, has announced the launch of Jersey Offshore Deposits, a multi-currency fixed-... Read full article »
United Arab Emirates: Tuesday, February 09 - 2010 at 09:10

Tamweel posts Dhs11m profit in Q4

Dubai-based Islamic mortgage lender Tamweel has reported a net profit of Dhs11m in the fourth-... Read full article »
United Arab Emirates: Tuesday, February 09 - 2010 at 09:04