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Kuwait cuts discount rate by 50 bps
The Central Bank of Kuwait has cut its key discount rate for the sixth time since October 8,... Read full article »
Saudi bank to open 90 new branches
Saudi Arabia's Al-Rajhi Bank has announced plans to open 90 new branches within the next three... Read full article »
Dubai Islamic Bank inks deal with UAE ministry
An agreement has been signed between Dubai Islamic Bank and the UAE's ministry of finance to... Read full article »
Saudi Fransi booked highest loan loss impairment in Q4
Banque Saudi Fransi made the highest quarterly net impairment charge in 2009 for credit losses... Read full article »
RAK Bank '09 profit rises 14%
National Bank of Ras al-Khaimah (Rakbank) has reported a 14.2% rise in full-year profit to... Read full article »
EFG Hermes moots RBS Pakistan offer
Egypt's investment bank, EFG Hermes has asked for a permission to carry out due diligence on the... Read full article »
Emirates NBD to fine late salary payments
Jamal bin Ghalatia, Group Deputy CEO of Emirates NBD has said that customers who delay salary... Read full article »
Ahli Bank net profit up 7.5%
Net profit of Jordan's Ahli Bank in 2009 rose 7.5% to JD18.65m, Reuters has reported. The lender'... Read full article »
NCB ups Q4 loan loss provisions
Saudi Arabia's biggest lender by assets, National Commercial Bank (NCB) had increased provisions... Read full article »
ABN Amro renamed as Royal Bank of Scotland
Starting today, ABN Amro Bank in the UAE will be renamed to The Royal Bank of Scotland (RBS)... Read full article »
Samba sets aside $60.7m in Q4 provisions
Saudi Arabia's second-biggest lender by market value, Samba Financial Group had set aside its... Read full article »
Barwa makes First Finance stake offer
Barwa Bank, a unit of Qatar's Barwa Real Estate, has made an offer to acquire a stake in First... Read full article »
SAIB books $115.9m in Q4 loan loss provisions
Saudi Investment Bank (SAIB) has booked SR434.6m ($115.9m) in provisions for loan losses in the... Read full article »
Saudi banks 2009 credit makes first drop in years
Data from the Saudi Arabian Monetary Agency's (SAMA) website has showed that total credit offered... Read full article »
Jordan Dubai Islamic Bank begins operations
Jordan Dubai Islamic Bank, a subsidiary of Dubai Islamic Bank, has announced the launch of its... Read full article »
