Thursday 25 August 2016
 
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Credit

Waha Capital secures new $500m credit facility

Waha Capital, a leading investment company based in Abu Dhabi, completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a five-year $500 million revolving

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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UAE growth in credit demand slows in Q2

Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in Dubai, according to a central bank survey published on Thursday. The net balance measure for business lend

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UAE credit demand rebounds

Demand for credit in the UAE rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday. The net balance measure for business lending - the weighted percentage of res

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Microfinance experts to discuss strategies at summit

Global policy makers and microfinance experts will convene in Abu Dhabi this month to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.  

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UAE banks cut credit lines to SMEs after defaults

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

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Finance House launches online security shield

Finance House has launched an extra safe online security shield '3D Secure.'    Enabled across all credit cards, this feature will protect Finance House customers from the haunting threat of cyber th

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Low deposit growth to impact Saudi banks

The slowdown in deposit growth to 1 per cent in 2015 from 12 per cent in 2014 and the sharp decline in oil prices as wells as a 14 per cent reduction in the 2016 Saudi government budget are credit negative for Saudi banks, Moody's has said.

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Crédit Agricole launches new brand 'Indosuez'

Crédit Agricole Private Banking, a leading international wealth manager, said its operations across Europe, the Middle East, Asia-Pacific and the Americas will be united under a new organisational structure and brand Indosuez Wealth Man

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