Saturday 23 June 2018

Bahrain banking sector in good health, says IMF

The International Monetary Fund (IMF) has given Bahraini banks a clean bill of health, while rating agency Moody's raised its outlook for the sector, as banks in the kingdom emerge from a period of consolidation. Bahrain has w


Economic growth, capitalisation ‘driving Gulf banks’

Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P).


Union Properties in debt deal with ENBD

Dubai's Union Properties  has reached a Dh3.8 billion ($1.03 billion) debt deal with major shareholder Emirates NBD, the developer's chief executive told Al-Bayan newspaper on Wednesday. The real estate firm will transfer assets worth


Doha Bank bond issue likely by Q1 next year

Doha Bank, Qatar's fifth largest bank by market capitalisation, is likely to go ahead with a planned bond issuance by the first quarter of 2012, the bank's chief executive said on Thursday. 'It will be before Q1 next year, they

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