Tuesday 25 October 2016

Moody's maintains stable outlook on UAE banking

Moody's Investors Service's outlook for UAE banking system remains stable, reflecting the rating agency's view that resilient capital and liquidity buffers will help to protect banks' credit profiles despite the continued economic slowdown.  The outlook expre


GCC non-oil growth to increase next year: IMF

Economic activity in the GCC region is projected to slow this year despite continued expansion in hydrocarbon output. However, non-oil growth could marginally increase next year, said an IMF report on regional economic outlook. The slump in oil prices and ongoing conflicts contin


Ahli United wins quality recognition award

Ahli United Bank (AUB), Bahrain’s largest lender, has been awarded the Elite Quality Recognition Award by JP Morgan Chase Bank, reported the Gulf Daily News, our sister publication. To read further, please visit


Emirates NBD unit signs deal with UTI for Indian funds

Emirates NBD Asset Management today announced its collaboration with UTI International, one of India’s largest money managers, for India funds. The agreement aims to increase Emirates NBD Asset Management’s global fund portfolio. The partnership’s


BIBF, Mastercard in tie-up to offer skills boost

The Bahrain Institute of Banking &Finance and Mastercard have announced a new collaboration in Bahrain aiming to helping professionals in the payments industry to enhance their skill sets and stay up-to-date on industry trends. The BIBF is the training arm of the Central Bank


Saudi Arabia set for huge international bond sale

Saudi Arabia is set to launch its first international bond sale on Wednesday to help ease an economic downturn caused by oil price slump, reports said. The kingdom is targeting between $10 billion and $15 billion in the bond sale. This will make it the largest issue of internatio


700 delegates to join forum on sustainable growth

More than 700 private and public sector representatives from across the Gulf Region and beyond will join a forum in Qatar that will discuss how the region can foster healthy economic growth and job creation for the benefit of succeeding generations. Abdullah bin Hamad Al-Attiyah,


Saudi construction challenges 'pose risks for banks'

Rising challenges in the Saudi construction sector will lead to a surge in nonperforming loans (NPLs) and higher provisioning costs for the country's banks, said ratings agency Moody's Investors Service in a report published today (October 18). The exposure of the kingdom


New push to boost Bahrain-India trade links

A Bahrain-India Week to promote trade relations between the two countries will be held in December, reported the Gulf Daily News, our sister publication. To read further, please visit G


400 leading experts at key Mideast equity summit

More than 400 leading innovators, influential speakers and powerful private equity and venture capital professionals are taking part in the SuperReturn Middle East conference which opened in Dubai, UAE today (October 17). A leading private equity and venture capital conference in

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