Wednesday 23 April 2014
 
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exposure

Bahrain trade to gain from F1 exposure

Bahraini businesses are expected to benefit from exposure to the international business community thanks to Formula One.   This was the concluding message from the final day of the "Business in Formula 1&quo

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ENBD sees 2014 loan growth at 7-8pc

Dubai's top lender Emirates NBD sees loan growth this year in the range of 7-8 percent and the bank has no plans to raise additional capital in 2014, its chief financial officer said on Monday. "Loan growth is expected to

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Samena urges action on RF exposure

The South Asia, Middle East, North Africa (Samena) Telecommunications Council, a non-profit telecom association that represents over 40 operators in 25 markets, has called for action to address the hazards of human radio frequency (RF) exposure

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UAE banks to get 5 years to obey exposure rules

Banks in the United Arab Emirates are likely to get about five years to conform to new large-exposure rules which the central bank will impose, the head of the banking industry association said on Monday. In an effort to prevent a

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UAE banks' lending to govt 'tops $42 billion'

United Arab Emirates banks' exposure to government-related entities is at its highest level as a percentage of capital since the 1970s, and there is little chance of authorities enforcing strict exposure limi

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Exposure deadline for UAE banks stays: cbank

  Banks in the United Arab Emirates will not be given an extension of the September 30 deadline for them to limit their exposure to state-linked debt, a UAE central bank official said on Monday.   &

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ENBD to pay for exposure to state-linked firms

Emirates NBD, Dubai's largest bank, will see its quarterly results hit again by its exposure to state-linked companies, in the latest sign of the toll taken by its status of the emirate's lender of last resort. The bank, formed at the beh

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US tax law 'may hit Bahrain firms'

The US Foreign Account Tax Compliance Act (Facta) will affect almost all financial institutions and other entities in Bahrain with exposure to US taxpayers and transactions, according to KPMG. The Facta legislation and its impact on the en

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UAE rules out exposure to euro zone debt

The UAE central bank has no exposure to euro zone debt in its reserves and it only invests in countries and corporates rated AAA as required by law, a senior central bank official said. Gulf oil exporters such as the UAE mainly invest in d

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UNB seen with $354m Dubai World exposure

UAE lender Union National Bank (UNB) may have up to Dh1.3 billion ($353.9 million) exposure to state-owned conglomerate Dubai World, Nomura said in a research report on Monday. Abu Dhabi-based UNB may not have booked any specific provision

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