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Tuesday, February 09, 2010
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Arab Bank profit hit by provisions
Amman  
 
  Net profit at Jordan's Arab Bank fell 31.4 percent in 2009, it reported on Tuesday, after bad debts ballooned in the wake of the global financial crisis.  
   

  KHCB 2009 net profit falls to $8m
Manama : 
  Khaleeji Commercial Bank's (KHCB) net profit fell to BD3.1 million ($8.22 million) for the year 2009 compared to BD27.3 million in 2008.     
   
  Qatar cbank says no need for more bank aid
Doha : 
  Qatar does not see the need to provide more support to its banks after it spent $900 million on buying bank stakes amid the financial crisis to bolster the sector, its central bank governor said.     
   

 
Today's Poll
Do you think the growing tension between the U.S. and China may lead to "economic cold war" between these two countries?
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