The total volume of personal loans in the UAE increased to Dh349.9 billion ($95.27 billion) in February 2017, according to a UAE Central Bank report issued on Tuesday. The figure is an increase of 3 percent over January’s total loans.
The World Bank division that lends to the world's poorest countries is preparing to raise billions of dollars from capital markets next year after winning top-tier, first-ever credit ratings from Moody's Investors Service and Standard an
The problem of small business owners in the United Arab Emirates "skipping" the country over unpaid debts has been contained, although it is set to remain an issue well into next year, the head of the Gulf state's banking federatio
Agricultural Development Bank of China, one of the country's main policy lenders, plans to lend 3 trillion yuan ($458.12 billion) up to 2020 as part of government efforts to reduce poverty, state media reported.
Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said.
Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers.
As weak oil prices prompt a drying up of
Loans and credit cards tailored to the more cost-conscious consumer featured prominently in a new survey which ranks the most popular banking products in the UAE.
Union National Bank's house rent loan gets the top rank amongst
General Electric is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Company, according to a person familiar with the matter, as the industrial conglomerate returns to its roots.
Saudi Arabia has sold a new tranche of bonds worth SR20 billion ($5.33 billion) to banks to help cover its budget deficit, the Maaal financial website said on Wednesday, citing informed sources.
The five-year tranche carried a cou
The days of very easy money are drawing to a close in the rich Gulf Arab oil-exporting economies as money market rates start to rise, partly because of the damage which cheap oil is doing to government finances.
Loose liquidity cr