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Saudi lenders post 10% growth in mutual funds
Talat Zaki Hafiz, secretary general of the Media & Banking Awareness Committee of Saudi Banks has... Read full article »
UAE lenders want to raise expat mortgage cap to 75%
Chief executives of UAE banks plan to hold a meeting with the central bank this week to discuss... Read full article »
Citigroup to seek regulator's nod for shares buy-back
Citigroup Inc. is planning to ask regulators for permission to buy back a "minimal" number of... Read full article »
UAE says bouncing cheques still a crime for expats
The UAE government has said expats still risk being imprisoned for bouncing cheques, as a... Read full article »
DIB offers to acquire Tamweel
Dubai Islamic Bank (DIB) has offered to take over mortgage provider Tamweel through a share swap,... Read full article »
UAE expat remittances climb to $12.87bn
UAE Exchange has said remittances from the country rose 15% in 2012 to $12.87bn, exceeding the... Read full article »
Arab lenders remain immune to global financial crises
Adnan Yousuf, chairman of the Union of Arab Banks (UAB) has said lenders in the Arab world remain... Read full article »
Oman completes draft regulatory Islamic banking bylaw
Oman's Capital Market Authority (CMA) has said it has completed the initial draft of the... Read full article »
Kuwaiti banks nine-month results 'generally good'
Mohammad Youssef Al-Hashel, the governor of the Kuwait's central bank, has said that local banks... Read full article »
Bank Nizwa inks deal to develop Islamic financial services
Omani lender Bank Nizwa has signed a memorandum of understanding with Saudi-based Capitas Group... Read full article »
SABB's long-term deposit rating affirmed
Moody's Investors Service has confirmed the Saudi British Bank's (SABB) long-term deposit ratings... Read full article »
BLC Bank reports 36% drop in nine-month income
Lebanese lender BLC Bank has posted a 36% decline in net profits for the first nine months of... Read full article »
Lebanese lenders predicted to see further drop in profits
Chairman of Byblos Bank, Francois Bassil has said a further drop is expected in the profits of... Read full article »
Burgan raises KD100m from bond issue
Kuwaiti lender Burgan Bank has said it has successfully completed a KD100m ($356m) lower tier II... Read full article »
UAE banks provisions dropped in October
According to data by the UAE central bank, lender operating in the country have reduced bad loan... Read full article »
