Thursday 18 December 2014
 
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Dubai World exposure

ADCB swings to Q4 profit

Abu Dhabi Commercial Bank (ADCB) on Tuesday said it swung to a fourth quarter and yearly profit helped by higher net interest income, beating analysts forecasts. The lender, one of the region's most exposed banks to indebted conglomera

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Indian banks had $537m exposure in Dubai World

As many as seven Indian banks had an exposure of around $537 million in Dubai World and other group companies at the time of the emirate’s debt crisis in November 2009, an Indian minister has said. The list of banks include both public sec

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Bank Muscat has $50m exposure to Dubai World

Oman's largest lender Bank Muscat said on Sunday it had RO19.25 million ($50 million) exposure to a syndicated loan from Dubai World Group. In a regulatory filing, the lender said the exposure was part of a syndicated loan and continue

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