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Finance News & Analysis

News

Kuwait City

Global Finance House signs murabaha financing Subscription Required

27 August 2014 | By Rebecca Spong

Bahraini bank to also list sukuk in coming months

Cairo

National Bank of Oman positive on Egypt Subscription Required

25 August 2014 | By Rebecca Spong

Egypt’s large-scale investment plans attract bank

UAE money

UAE Central Bank warns of legal action against Standard Chartered Subscription Required

24 August 2014 | By Rebecca Spong

New York anti-money laundering settlement to affect thousands of UAE businesses

Seoul, South Korea

Dubai’s sovereign wealth fund signs deal with South Korea Subscription Required

21 August 2014 | By Rebecca Spong

Investment Corporation of Dubai to work with the Export-Import Bank of Korea

Rakbank

Rakbank to acquire stake in insurance firm Subscription Required

19 August 2014 | By Rebecca Spong

Ras al-Khaimah-based bank eyes new business

Abu Dhabi

Fitch maintains high rating for Abu Dhabi Subscription Required

17 August 2014 | By Rebecca Spong

Banking sector’s performance improving in line with economy

Bahrain finance

ABC Bank closes $750m syndicated loan Subscription Required

14 August 2014 | By Rebecca Spong

Bahrain bank’s loan has margin of 120 basis points

Mall of the Emirates in the UAE

UAE consumer credit bureau to open in September Subscription Required

13 August 2014 | By Rebecca Spong

Office aims to reduce credit losses

Bahrain Financial Harbour

Gulf Finance House to list sukuk on Nasdaq Dubai Subscription Required

12 August 2014 | By Rebecca Spong

Islamic bond worth $200m to be issued in coming months

Dubai at night

Union Properties secures debt refinancing Subscription Required

6 August 2014 | By Rebecca Spong

UAE property developer signs AED360m ($98m) facility

Money

HDFC Bank opens Dubai office to support international business Subscription Required

5 August 2014 | By Rebecca Spong

Bank sets up in DIFC to support non-resident Indians

Bahrain Financial Harbour

Bahrain’s BMI Bank has rating lowered Subscription Required

3 August 2014 | By Rebecca Spong

Bahrain’s Islamic banking sector continues to see consolidation

Aramco gas reserves

Fadhili heat and power plant will require project financing Subscription Required

3 August 2014 | By Rebecca Spong

Prequalification phase for Saudi Arabian project has begun

Cairo streets

World Bank approves $500m gas loan to Cairo Subscription Required

25 July 2014 | By Richard Thompson

Project aims to connect 1.5 million Egyptian households to national gas grid

Selected UAE bank profits

Continued profit growth for UAE banks Subscription Required

24 July 2014 | By Rebecca Spong

Market remains cautious on real estate exposure

Abu Dhabi Commercial Bank reports 19 per cent profit increase

ADCB reports 19 per cent profit increase Subscription Required

23 July 2014 | By Rebecca Spong

Abu Dhabi bank’s non-performing loan ratio improves

Omani banks secure viability upgrade from Fitch

Omani banks secure viability upgrade from Fitch Subscription Required

22 July 2014 | By Rebecca Spong

Resilient performances boost ratings of lenders

National Bank of Fujairah sees profit jump 31 per cent

National Bank of Fujairah sees profit jump Subscription Required

22 July 2014 | By Rebecca Spong

Bank’s net impairment losses fall by 15.2 per cent in first half of year

Cairo

Egyptian banks ramp up lending Subscription Required

21 July 2014 | By Rebecca Spong

Deposits grow slower than loans for first time in year

Selected UAE bank profits

Abu Dhabi Islamic Bank posts increased second-quarter profits Subscription Required

21 July 2014 | By Rebecca Spong

UAE banks begin posting strong second-quarter results

Caterpillar equipment

Unatrac to consider bond issuance Subscription Required

20 July 2014 | By Rebecca Spong

Mansour Group-owned, Caterpillar equipment dealer Unatrac to turn to capital markets in coming years

Bank Muscat profits rise on Bahrain merger

Bank Muscat profits rise on Bahrain merger Subscription Required

20 July 2014 | By Rebecca Spong

Lender’s profits up by 37 per cent

Commercial Bank of Dubai

Commercial Bank of Dubai posts highest first half results to date Subscription Required

17 July 2014 | By Rebecca Spong

Bank achieves AED581.1m in net profit  

Arab Bank, Jordan

Arab Bank posts profit increase for first half Subscription Required

17 July 2014 | By Rebecca Spong

Jordan’s Arab Bank also boosts lending  

Saudi banks' net profits and operation income growth

Revenue growth drives Saudi bank profits Subscription Required

16 July 2014 | By Rebecca Spong

Saudi Arabian banks eye new markets to beat competition

Comment

Banking

Saudi banks look to new markets

17 July 2014 | By Rebecca Spong

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Mining

Maaden’s new funding source

3 July 2014 | By Rebecca Spong

The involvement of foreign banks in a $5bn financing for the phosphates city project opens up new funding options for the mining company

Analysis

Dubai investment

Foreign investors buy into Dubai’s vision Subscription Required

28 August 2014 | By Rebecca Spong

Projects in the emirate are moving forward with foreign funding

Russia's President Vladimir Putin with Egyptian counterpart Abdul Fattah al-Sisi

Russia looks to the Middle East Subscription Required

21 August 2014 | By Rebecca Spong

As sanctions imposed by the West begin to bite, Russia faces a potential funding gap and is looking to form new alliances in the Middle East and North Africa

Egypt bank exposure to government debt

Egypt banks remain heavily exposed to sovereign debt Subscription Required

7 August 2014 | By Rebecca Spong

Lending to private sector remains low

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription Required

23 July 2014 | By Rebecca Spong

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Qatar drives mergers and acquisitions

Qatar drives Middle East mergers and acquisitions Subscription Required

16 July 2014 | By Rebecca Spong

Value of deals in the second quarter highest since start of 2011

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