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Finance

Middle East banking and finance news, analysis, commentary and economic data. Keep up to date by signing up to MEED's finance newsletter. If you are not a subscriber but need access then subscribe to the region's leading business intelligence service now
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Latest finance news

ADCB extends loan to support Abu Dhabi Fairmont hotel Subscription

23 April 2014, 7:43 GMT | By

Loan is for AED950m

Saudi banks’ lending activity to drive profits Subscription

22 April 2014, 12:23 GMT | By

Banking sector posts strong first quarter results

Zain Group’s profit grows 8 per cent Subscription

22 April 2014, 9:17 GMT | By

Zain Group’s data represented 15 per cent of the Kuwaiti operator’s revenues

Saudi’s Acwa signs co-investment deal with Apicorp Subscription

22 April 2014, 8:47 GMT | By

Agreement will boost Acwa’s ability to fund new projects

Bank Sohar posts Q1 profit increase Subscription

21 April 2014, 8:49 GMT | By

Results follow National Bank of Oman’s positive results

Kuwait Finance House sees profits rise by 13 per cent Subscription

20 April 2014, 11:16 GMT | By

Kuwait Finance House bank looking to strengthen Turkish business

Lebanese banks granted outlook upgrade Subscription

20 April 2014, 9:17 GMT | By

Three banks have forecasts revised to stable by Standard & Poor’s

Taqa raises Samurai loan to refinance bond Subscription

17 April 2014, 12:50 GMT | By

Abu Dhabi firm Taqa taps new source of liquidity

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Finance trends

Strategy: Dubai is seeking to use private-public partnerships and stock market listings to raise financing

Dubai’s search for finance Subscription

17 April 2014, 15:16 GMT | By

Faced with a huge debt pile and risk-averse banks, the emirate is seeking new ways to fund its boom

Recovery

The growing appetite for bonds Subscription

10 April 2014, 13:46 GMT | By

Increased corporate activity spurred by strong economic growth is helping to expand the market

Trade confidence in the Middle East

Confidence among UAE traders grows Subscription

8 April 2014, 7:47 GMT | By

India and China will remain the UAE’s fastest-growing trade routes

Qatar banking sector

Qatar’s banks primed to support infrastructure growth Subscription

2 April 2014, 7:08 GMT | By

Qatar’s Finance Ministry recently announced a spike in spending

The UK’s Carillion has been the main beneficiary of UK government funding support and has managed to win contracts on key Dubai projects such as the Dubai Trade Centre District

UK funding to play increased role in Dubai projects Subscription

26 March 2014, 10:37 GMT | By ,

Armed with strengthening support from London, UK companies will find themselves in a better position to handle the growing competition in the emirate

Dimitris Tsitsiragos, regional vice-president, IFC

Interview: Dimitris Tsitsiragos, regional vice-president, IFC Subscription

4 March 2014, 6:12 GMT | By

The IFC’s head of Europe, Central Asia, the Middle East and North Africa explains how the organisation is attracting private investment into the renewables sector

Q&A Musaed bin Muhammed al-Mineefi, CEO Subscription

9 January 2014, 10:07 GMT | By

MEED: Is lending appetite in Saudi Arabia growing, and how liquid is the banking sector?

SAIB net profit 2008-2012

Saudi Investment Bank Subscription

9 January 2014, 10:06 GMT | By

SAIB is in the final year of a strategic plan to boost market share

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MEED comment

Dubai

Financing the Dubai boom

17 April 2014, 15:17 GMT

Investor confidence is growing, but Dubai still needs to close several finance deals to attract future funding for revived infrastructure plans

Markets and bonds

Bonds market gains maturity

10 April 2014, 15:39 GMT

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Bahrain

Bank mergers to boost Bahrain’s status

6 March 2014, 12:56 GMT | By

The consolidation of larger lenders will strengthen the country’s status as a financial hub for the region

Dubai debt

Confidence to rise with Dubai debt rollover Subscription

20 February 2014, 15:40 GMT

The emirate is set to extend the deadline on its debt to Abu Dhabi, further boosting investor optimism

Budget: Aramco is retendering schemes to cut costs

Aramco filters projects spend Subscription

6 February 2014, 13:41 GMT | By

Fadhili power project shows oil major has decided not to plough ahead with each and every scheme regardless of the costs involved

Project finance

The evolution of project finance Subscription

6 February 2014, 13:29 GMT | By

The region’s project finance market is evolving, as demands to find new ways of funding infrastructure rise

Infrastructure

A revolution in project finance Subscription

23 January 2014, 14:25 GMT | By

With major infrastructure spending planned in the region, the race is on to find alternative sources of funding

Aramex

Businesses need state support Subscription

9 January 2014, 14:17 GMT

Encouraging entrepreneurs is vital to tackling the region’s acute unemployment problems

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Special reports

Project finance

Banking: Sadara deal boosts project finance

30 January 2014, 7:27 GMT

Last year was a bumper year for project finance deals in the Middle East and North Africa region, with $48.7bn of deals signed

Banking

Banking: Dubai leads region's bourses in 2013 Subscription

11 December 2013, 12:41 GMT

The Dubai Financial Market has risen 80 per cent year-to-date, a clear sign the emirate is recovering from the 2008-09 real estate crash

Islamic banking

Islamic banking: The GCC's 20 leading Islamic banks

29 August 2013, 5:02 GMT

The GCC’s Islamic banks performed strongly in 2012

Banking

Banking: QNB extends its lead over GCC rivals Subscription

12 June 2013, 16:20 GMT

For the first time in its history, the Middle East has a bank with assets worth more than $100bn

Banking

Saudi banking: Lenders look to deploy liquidity Subscription

24 April 2013, 14:16 GMT

Saudi banks find themselves in an enviable position

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Finance data

The GCC top 20 banks 2012 by profit

GCC banks by country Subscription

13 June 2013, 13:51 GMT

The main banks in the GCC, listed by total assets for each country

The GCC top 20 banks 2012

Major GCC bank results: 2007 - 2012 Subscription

13 June 2013, 8:52 GMT | Updated: 18 June 2012, 12:54 GMT

Finance figures for the Gulf’s 20 biggest banks, listing their customer deposits, loans and advances, total assets and profits

People

Sharief Habib al-Awadhi

20 February 2014, 7:03 GMT

Sharief Habib al-Awadhi is director general, Fujairah Free Zone

Mohamed Hasan al-Qemzi

20 February 2014, 6:57 GMT

Mohamed Hasan al-Qemzi is CEO, ZonesCorp, Abu Dhabi

Jeffrey Singer Subscription

27 January 2014, 12:37 GMT

Jeffrey Singer is CEO, Dubai International Financial Centre Authority

Christian Kraut Subscription

7 January 2014, 10:24 GMT

Christian Kraut is CEO, Middle East and Africa, Munich Re

Farid Chedid Subscription

7 January 2014, 10:21 GMT

Farid Chedid is founder, chairman and CEO, Chedid Capital

Atish Suri Subscription

7 January 2014, 10:15 GMT

Atish Suri is divisional director, Willis Re

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Meet the analyst


Rebecca Spong
Finance and Banking Editor

Follow Rebecca on Twitter
Phone: +971 (0)4 818 0255
Email: rebecca.spong@meed.com

Latest comment

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Research reports

Mena Project Finance Report

Mena Project Finance Report 2013

Mena Project Finance 2013, evaluates the key trends and appetite for long term project finance in the GCC and wider Mena region, including PPPs and government projects that require commercial funding.

See all research reports

Tenders

Kuwait: Licence infrastructure appliances and software Subscription

7 April 2014, 10:21 GMT | By

Support of automatic appliances and software for operational infrastructure and purchase of licences

See all tenders

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Oman Projects 2014

Oman Projects Forum 2014

Reviewing Oman’s Project Market and upcoming Opportunities

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