Saturday 23 May 2015
 
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Credit

UAE loan demand growth moderating

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. "S

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Gulf banks tighten credit for small firms as cheap oil bites

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

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Bahrain to set up credit information centres

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

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KFH-Bahrain launches sharia-compliant credit card

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,

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UAE banks' profit growth may fall this year

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

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Saudi ranks 5th on consumer confidence scorecard

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

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Citi Bahrain launches rewards programme

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

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UAE credit demand 'to rise this quarter'

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

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Mumtalakat signs $500m credit facility

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

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Financial profiles of banks to strengthen in 2015

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

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