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HSBC appoints MidEast banking chief
HSBC has announced the appointment of Halla Sakr, as head of regional retail banking and personal... Read full article »
Saudi banks' January income falls 20%
Figures by the Saudi Arabian Monetary Agency (Sama) have shown that the net income of 12... Read full article »
UAE mortgage loans slump in 2009
Mortgage loan growth in the UAE fell sharply in 2009 as banks maintained their tight credit... Read full article »
HSBC write offs jump four-fold for Mideast
HSBC wrote off $1.33bn worth of bad loans to Middle East customers in 2009, the National has... Read full article »
Net profits of banks in Jordan fall 32% in '09
Net profits of banks in Jordan tumbled 32.9% in 2009 to JD526.5m compared with JD784.7m in 2008,... Read full article »
Dubai bank launches Arabic mobile internet service
Dubai-based lender Noor Islamic Bank has announced the launch of the UAE's first Arabic enabled... Read full article »
UAE may take action to boost bank lending
Economists say the UAE may take steps to increase bank credit, as a slowdown in lending and a... Read full article »
UAE ATMs crash due to computer glitch
The UAE's central bank has confirmed that all cash machines in the UAE were shut down for almost... Read full article »
Prince Alwaleed reaffirms support to Citi's Pandit
Major Citi Bank shareholder, Prince Alwaleed bin Talal, has reaffirmed his support to the bank's... Read full article »
Saudi bank lending to rise in 2010, says NCB
Banks in Saudi Arabia will lend more this year as confidence is growing and lenders become less... Read full article »
UAE banks' ATMs rise 48%, branches up 11%
According to official data by the central bank of the UAE, the number of branches of banks in the... Read full article »
SABB Bank's non-performing loans rose to $940 mln in 2009
Non-performing loans at SABB bank, HSBC's Saudi affiliate, soared more than 16 times to SR3.53bn... Read full article »
United Gulf Bank posts $20m profit for 2009
United Gulf Bank, the Bahrain-based investment banking arm of Kuwait's KIPCO Group, has said its... Read full article »
GFH expects to raise $420m from asset sales
Bahrain-based investment bank Gulf Finance House plans to raise $420m from asset sales, The... Read full article »
Sales of sukuk to be 'weaker' in 2010, says Deutsche Bank
Islamic debt will remain 'weaker' in 2010 as investors avoid riskier, higher-yielding assets on... Read full article »
