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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 »
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 »
