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
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).
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, 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