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Kuwait debtors' bailout to cost $2.6bnA government bailout of Kuwaiti debtors is expected to cost 744 million dinars ($2.61 billion), finance minister Mustapha Al-Shamali said on Tuesday. The government, under pressure from members More… |
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Saudi banks to post lower profit in 2013The Saudi Arabian banks are likely to register a lower profit growth this year owing to increasing competition and reduced income from brokerage, according to a report. The pressure on these banks' net interest margin (NIM) wi More… |
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Doha Bank offers home loans at under 4pcDoha Bank, a leading private bank in Qatar, has launched its new retail mortgage loans portfolio which now features a competitive interest rate of 3.99 per cent. The bank will provide loans of up to 70 per cent of property value f More… |
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BBK's net profit rises 18pc to $83mBank of Bahrain and Kuwait (BBK) said its net profit for the first nine months rose 18.2 per cent from the same period last year to BD32.1 million ($83.4 million). "BBK's fundamental strengths, along with its clear strate More… |
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Spain borrowing costs soar as EU ponders aidSpain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, hours before an independent audit was due to reveal how big a capital hole in Spanish banks needs to be filled by a euro zone bailout. Euro zone More… |
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Bahrain’s $238m annual interest ‘may rise’Bahrain’s government pays BD90 million ($238.7 million) every year as interest on loans and the figure is set to increase in coming years, said the Finance Ministry. A report from the Ministry added that the government deduc More… |
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Omanis interested in Islamic Finance-studyOmani customers have expressed a strong appetite for Islamic Finance with a rapid take-up of banking products expected within the first 12 months of being launched, key findings published from Oman’s first independent market study showed. More… |
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RAKBank launches new mortgage offerRAKBank, also known as the National Bank of Ras Al-Khaimah, has launched a new mortgage offer that provides property buyers with added flexibility as well as interest rates from as little as 5.5 per cent. Available for a limited period, th More… |
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CBI offers personal loans at 6.75pcCommercial Bank International (CBI), one of the leading banks in the UAE, has unveiled a new promotion offering personal loans with an interest rate of 6.75 per cent per annum. As part of the promotion, customers will enjoy zero processing More… |
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Ahli United launches new loan schemeBahrain-based Ahli United Bank (AUB) has announced a new loan offer for Ramadan, with new loans at the lowest rate of 4.99 per cent with APR of 5.99 per cent with reduced fees and insurance charges. "This special Ramadan offer comes More… |
