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Saudi Hollandi eyes capital-boosting sukukSaudi Hollandi Bank, Saudi Arabia's eighth-largest listed bank, plans to sell a capital-boosting Islamic bond to private investors, it said, the latest lender in the kingdom to bolster its reserves after strong lending growth. More… |
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Mistrust stops euro zone banks lending to peersEuro zone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analysed by Reuters showed. More… |
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British business lending down in AprilBritish business lending fell sharply last month, raising questions about the durability of an economic recovery that has helped lift consumer sentiment to a six-month high. Britain's government and central bank are concerned More… |
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Oman sets 5pc minimum target for SME lendingOman's central bank has stipulated that commercial banks' loans to small and medium-sized firms must account for at least 5 per cent of their total loans, in a new rule aimed at easing une More… |
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UAE drafting movable assets law, says IFCThe UAE is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in order to improve financing options for the firms, said a unit of the World Bank More… |
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Oman cenbank plans new rules to boost SMEs lendingOman's central bank plans to issue rules to boost lending to small and medium-sized firms, said its chief, in a new move to help bring unemployment down in the Sultanate. Supporting smaller firms is a key part of the governmen More… |
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ENBD sees 40pc retail lending boomEmirates NBD, Dubai's largest lender, expects its retail lending to jump between 25 and 40 per cent in 2013 as consumer confidence returns in the UAE, its retail banking head said on Monday. Cautioning that the numbers were co More… |
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ENBD sees 40pc retail lending boomEmirates NBD, Dubai's largest lender, expects its retail lending to jump between 25 and 40 per cent in 2013 as consumer confidence returns in the UAE, its retail banking head said on Monday. Cautioning that the numbers were co More… |
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StanChart seeks Egypt acquisition, plans Iraq pushStandard Chartered is looking to acquire a bank in Egypt to ride an expected boom in one of the Middle East's largest economies, the firm's regional head said, adding that the bank also plans to expand operations in Iraq this year. More… |
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Dubai's new boom assumes short memoriesDubai has rediscovered its appetite for grand designs. A replica Taj Mahal four times bigger than the original, the world's biggest Ferris wheel, several new mega-malls, and over 100 new hotels are amongst a raft of extrava More… |
