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GCC banking robust; assets hit $1.4 trillionHigher energy prices and increased hydrocarbons production have provided for large public spending programs, which have increased the asset growth of GCC banks by 11 per cent in 2012 to reach $1.47 trillion, a report said. Overall More… |
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EU states agree new sanctions on IranEuropean Union governments agreed major sanctions against Iran's banking sector, shipping and industry on Monday, tightening financial pressure on Tehran over its nuclear programme amid foundering diplomacy. &n More… |
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Gulf banks Q1 provisions to fall, lending to be mutedBanks in the Gulf region are expected to show signs of recovery on their balance sheets when they report first-quarter results, though lending is likely to remain muted. The regional banking sector was badly hit by the onset of the global More… |
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Capitalism 'to shape banking sector'The future of the banking industry remains uncertain, but there are a number of long-term catalysts such as the expected demographic shift and the rise of state-directed capitalism that will further shape the global financial sector. That More… |
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Bahrain banking sector top performer on bourseThe Bahraini banking sector was the best profit performing one on the Bahrain Bourse last year recording a rise of 49.9 per cent, according to research by Kuwait-based Global Investment House. Overall the Bahrain Bourse saw its total liste More… |
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UAE 'needs to inject $27bn into banks'The United Arab Emirates needs to inject more than 100 billion dirhams ($27.23 billion) into bank deposits to enable an adequate resumption of lending activity, Standard Chartered Bank said. "We estimate that the UAE needs to inject in exc More… |
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Abu Dhabi mulls bank, financial sector mergersThe global credit crisis will make Abu Dhabi assess the feasibility of existing projects, the chairman of Emirates Holdings said on Friday, adding the oil-rich emirate is also considering mergers in its banking and financial services sector. More… |
