Indian rupee bull run hits NRIs hard
The past week saw a stream of bull runs on the commodities market with crude oil climbing to a 17-month high level on the New York Mercantile Exchange and gold flirting at $1,100 (Dh4,040) an ounce. |
GCC central banks halt loans to public sector
Central Banks in Qatar, Saudi Arabia, Bahrain and Kuwait have stopped lending to the public sector with effect from January 1, 2010, the Peninsula has reported. The move is part of the plans of the fo ... |
First Gulf Bank delays share buyback
Abu Dhabi-based First Gulf Bank has said it has received the approval of the UAE markets regulator for an extension on plans to buy back 10% of its shares, Reuters has reported. The bank requested a o ... |
Ajman Bank names new chief executive
Ajman Bank has announced the appointment of Mubasher Hanif Khokhar, a former Mashreq banker, as its new chief executive effective January 3, Reuters has reported. Ajman Bank's acting CEO, Ali Shaqoosh ... |
QIA increases stake in Al Ahli Bank to 5%
Qatar Investment Authority has increased its stake in Al Ahli Bank to 5%, Bloomberg has reported. The Qatari lender has said in a release on the Qatar Exchange Web site, it received funds from the cou ... |
EMEA syndicated lending drops 26%
Syndicated lending in Europe, the Middle East and Africa (EMEA) contracted to $648bn in 2009, as companies used bonds to meet core capital requirements and refinance loans, according to data by Thomso ... |
New panel to address Amlak, Tamweel disputes
The ruler of Dubai has announced the setting up a judicial committee to protect the creditors of mortgage lenders Amlak and Tamweel, Reuters has reported. The committee 'will be the only judicial body ... |
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