Saturday 12 July 2014
bank loans

‘Sleeping giant’ debt market awakes in Saudi Arabia

After years in which the growth of Saudi Arabia's bond market lagged its economy, the market is taking off as local companies rush to issue debt - though low returns are keeping foreign investors on the sidelines. Traditionall


Travel ban: 4,000 stranded in Bahrain

Nearly 4,000 people have been stranded in Bahrain for years as a result of travel bans imposed on them following legal battles over repayment of bank debts. Investigations carried out by the Bahrain Human Rights Watch Society (BHRWS) also


StanChart sees potential in UAE small firms

Standard Chartered plans to double the number of small and medium-sized enterprise customers in the United Arab Emirates within three years as economy improves, executives said. Small businesses in the seven-member UAE faced difficulties a


UAE banks to cut interest on personal loans

Banks in the United Arab Emirates have decided to lower interest rates on personal loans to 7 percent as of June 1, a newspaper reported on Tuesday citing banking sources. The central bank said on Thursday it had asked banks operating in t


UAE banks 'won't suffer credit crunch'

UAE bank loans to real estate developers are within limits and most of them are backed by strong collateral, according to economists and industry experts. They feel that the country’s banks would not be affected by a credit crunch suc

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