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Loan growth slows in Kuwait
Loan growth in Kuwait slowed to just 6.1% in 2009 to total about KD25.1 billion, KUNA has... Read full article »
Egypt's CIB '09 profit climbs 25%
Consolidated net profit of Egypt's largest private bank by assets, Commercial International Bank,... Read full article »
United Arab Bank plans 15% cash dividend
The United Arab Bank has said it has reduced its proposed cash dividend to 15% from 22%, Emirates... Read full article »
JP Morgan opens Abu Dhabi office
JP Morgan, the US-based investment banking arm of financial services firm JPMorgan Chase & Co,... Read full article »
ADIB to boost stake in Egypt's National Bank
Abu Dhabi Islamic Bank has announced plans to raise its stake in Egypt's National Bank for... Read full article »
Tamweel, Amlak haven't filed for bank license
The UAE's central bank has not received an application for a license for a new bank that would... Read full article »
UAE seeks to lower interbank rates
The UAE's central bank has said it will consult with commercial banks on how to reduce interbank... Read full article »
HSBC expects more sukuks in 2010
HSBC's Amanah Islamic banking division expects double-digit revenue growth and more sukuk... Read full article »
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 »
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 »
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 »
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 »
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 »
Bank Muscat to issue CDs
Oman's Bank Muscat has announced plans to auction certificates of deposits (CDs) worth RO15... Read full article »
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 »
