06/24/2014

UAE Bank Warns That Dubai’s Property Market May Crash

The UAE Central bank stated in their annual financial stability report that there were no vulnerabilities within the banking system and there was no clear indication that any action would be required towards the real estate market.

06/17/2014

RAKBANK launches $500m debut bond issue

United Arab Emirates-based lender National Bank of Ras Al Khaimah launched its debut $500 million, five-year debut bond on Tuesday after tightening the pricing

06/17/2014

Easy Money Hopes Still Underpin Stocks

Local markets are tipped for a positive start Tuesday as Wall Street managed a modestly higher close in the face of rising investors worries over both Ukraine and Iraq.

06/15/2014

Banque du Caire earmarks USD699mn for SMEs in H2 2014

Banque du Caire, the third largest government-owned bank in Egypt, has allocated EGP 5 billion (USD 699 million) to finance small and medium enterprises for the second half of 2014, Chairman and CEO Mounir Abdel Wahab El Zahid told Zawya.

06/15/2014

Dubai faces moment of truth over looming property bubble

A leap in bank lending to the construction industry indicates financial institutions have resumed pouring money into real estate projects in the last few months, after cutting back sharply in the wake of Dubai's 2008 crash.