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Moody's downgrades Gulf Bank
Moody's Investors Service has downgraded the bank financial strength rating of Kuwait's second-... Read full article »
UAE banks need Dhs25bn boost, says banker
The head of a Dubai-based bank says the banking sector in the UAE needs a further injection from... Read full article »
UAE banks need no new liquidity, says Al-Suwaidi
UAE Central Bank Governor Sultan bin Nasser al-Suwaidi says there is no need for the government... Read full article »
Union National Bank's Q4 profit rises
Abu Dhabi-based Union National Bank has said its fourth-quarter net profit more than tripled on... Read full article »
Saudi fund buys stake in mortgage lender Refco
A board member of Saudi-based Real Estate Financing Co (Refco) has said the kingdom's Public... Read full article »
Dubai World owes ADCB $2.7bn
Abu Dhabi Commercial Bank is owed some $2.7bn in outstanding loans to Dubai World entities, the... Read full article »
Bank of Sharjah sets up $200m real estate fund
Varouj Nerguizian, executive director and general manager of Bank of Sharjah has announced plans... Read full article »
Ahli United ups Egypt subsidiary stake
Bahrain's Ahli United Bank (AUB) has said it has increased its ownership stake in its Egyptian... Read full article »
Arab Banking Corp posts $122m net profits in 2009
Arab Banking Corporation (ABC) has announced its 2009 Group performance has made $122m of net... Read full article »
Ahli Bank posts 44% net profit increase
Oman's Ahli Bank has reported a 44% rise in its 2009 after tax net profits to OR8.54m. Net... Read full article »
NBK to post 'small growth'
Ibrahim Dabdoub, CEO of Kuwait's largest bank by market value, National Bank of Kuwait has said... Read full article »
First Gulf Bank Q4 profit up 27%
Abu Dhabi-based lender, First Gulf Bank (FGB) has said its Q4 net profit rose 27% to Dhs855m... Read full article »
Emirates NBD discontinues Standard + Poor's ratings
Following the completion of the integration and the migration to the Emirates NBD core banking... Read full article »
Dubai may sell stake in Bank Muscat
Dubai Holding plans to sell its stake in Bank Muscat as it offloads low-profile assets to meet... Read full article »
Sharjah Islamic Bank '09 profit rises 12.3%
Sharjah Islamic Bank has reported a 12.3% rise in net profit for 2009 at Dhs260.1m, compared to... Read full article »
