Fitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli
The government of Oman has invited banks to participate in a $1 billion sovereign loan, two sources aware of the matter said on Sunday, as the Gulf country seeks funds at a time of stretched state finances due to lower oil prices.
Banks in the UAE are working together to try to stem the number of small business owners fleeing the country with unpaid debt, a trend that has already reached around Dh5 billion ($1.4 billion) this year, a senior banking official said.
Saudi Arabian commercial banks have plenty of cash, Saudi central bank governor Fahad Al-Mubarak said on Monday after a rise in interbank money rates raised concern about tightening liquidity in the kingdom.
Mubarak told Saudi-own
Qatari Islamic banks have been named in the top 15 of the global rankings of Islamic banks in terms of cost-to-income ratio, one of the financial performance sub-indicators of the leaderboard.
The World Islamic
The UAE Banks Federation, the professional representative body for the UAE’s banks, has launched an independent study commissioned with Brunswick Insight and Ipsos Observer to track the level of trust among the country’s banking cu
Acutely tighter liquidity conditions in Gulf banking systems are casting doubt on how easily the region's lenders will be able to support their sovereigns' growing funding needs as depressed commodity prices take their toll.
Money market rates in the UAE hit their highest levels in roughly two years on Tuesday as low oil prices slashed state oil revenues, leaving banks with less money to lend.
The economies of the rich Gulf Arab oil exporters have so
Global regulators reached a draft agreement Friday on a rule on stopping banks being "too big to fail", by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis.
Growth in financial transactions messaging system Swift's traffic volumes in the Middle East and Africa has accelerated by double-digit percentages this year as banks expand rapidly and non-financial institutions join the industry cooperativ