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Iraq cuts key interest rate
The Central Bank of Iraq cut today its key interest rate by one percentage point to 6% to boost... Read full article »
UAE may form federal credit bureau
The UAE finance ministry is considering setting up a federal credit bureau aimed at serving as a... Read full article »
Allianz Saudi Fransi announces rights issue
Saudi Fransi Cooperative Insurance (Allianz Saudi Fransi) has said that shareholders have... Read full article »
NBK Bahrain reports net profit for 2009
National Bank of Kuwait (Bahrain), a branch of NBK Group has reported $128.8m in net profit for... Read full article »
RBS to sell UAE retail operations
The biggest UK government-owned bank, the Royal Bank of Scotland Group (RBS) has announced its... Read full article »
Egyptian Saudi Finance rebranded
Adnan Yousif, CEO of Bahrain's Al Baraka Banking Group (ABG) has said that the bank has changed... Read full article »
Arab Banking Corp completes $1.1bn capital hike
Bahrain-based Arab Banking Corp's (ABC) has announced the successful completion of a planned $1.... Read full article »
GCC banks plans Syria entry
Adib Mayaleh, governor of Syria's Central Bank, has said the National Bank of Abu Dhabi (NBAD),... Read full article »
Union National to distribute 10% stock dividend
Abu Dhabi-based Union National Bank (UNB) has said that its shareholders have approved the... Read full article »
Sama: Saudi bank lending up 1.6% y-o-y
The Saudi Arabian Monetary Agency (Sama) has said that lending by Saudi Arabian banks to... Read full article »
Trade Bank of Iraq to double credit letter value
The maximum value of Letters of Credit allocated by the Trade Bank of Iraq (TBI) to the country's... Read full article »
First Energy posts 2009 profits
Bahrain-based Islamic investment lender, First Energy Bank, has said that it has recorded $14.2m... Read full article »
Emirates NBD eyes RBS' UAE retail assets, says CFO
Emirates NBD is considering plans to buy the retail banking assets of Royal Bank of Scotland... Read full article »
United Gulf Bank appoints new CEO
Bahrain-based United Gulf Bank has appointed David Rhodes as chief executive officer, Bloomberg... Read full article »
Ithmaar Bank says rights issue 51% covered
Mohamed Hussain, chief executive of Bahrain-based lender, Ithmaar has said the bank has raised... Read full article »
