Demand for credit in the UAE remains healthy but growth in demand for loans is moderating and credit standards for companies are tightening, the UAE central bank said on Sunday in its first-quarter credit sentiment survey.
Banks are tightening lending conditions for small, private companies in the Gulf - a sign that the region's economies are not escaping damage from the plunge of oil prices.
Mostly, the six rich nations of the Gulf Co-operation
Bahrain is setting up credit information centres as part of efforts to streamline financial procedures and encourage funding solutions.
The new bureaus will complement the work of banks and government-related financial departments
Kuwait Finance House - Bahrain has launched "Visa Signature", a sharia-compliant credit card.
It was launched after comprehensive study and research to identify the financial needs and lifestyles of KFH-Bahrain clients,
Profit growth at banks in the United Arab Emirates (UAE) is expected to slip to 5-6 per cent in 2015 as macroeconomic challenges and the absence of big improvements in asset quality strangle lenders' earnings, Standard & Poor's said
Saudi Arabia ranked fifth in Credit Suisse’s consumer confidence scorecard, with the kingdom having the highest market penetration which indicated that market opportunity lies in the trading up of goods.
The fifth annual Eme
Citi Bahrain has launched a rewards programme giving its local credit card customers access to merchandise from across the globe.
These include product catalogue redemptions, airline/hotel points transfer capabilities and end-to-e
Appetite for credit in the UAE has eased from the very high levels of early 2014 but remains strong and is expected to accelerate in the current quarter, a UAE central bank survey of lenders said on Tuesday.
The credit sentiment s
Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks.
The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation
The standalone creditworthiness of banks across the globe will continue to stabilise in 2015, a report said.
At the same time, the number of negative banking system outlooks has risen, primarily reflecting the potential for a decl