GCC Non-Performing Loan Provisions Surge
The collective non-performing loan provisions made by the 22 Gulf Cooperation Council (GCC) banks surged in the…
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GCC
Saudi Letters Of Credit Up 24% As Economic Growth Spurs Demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months of 2012…
Deliberations Focus On ITU World Radio Communication Conference
The first meeting of the GCC Working Group designated to prepare for the ITU World Radio Communication Conference…
New Construction Tech Gets Support
Rapidwall, an ecologically sound and technologically advanced building product, is gaining acceptance among the…
Oman Financial Strength To Fend Off Challenges, Says Moody’s
Oman's A1 foreign and local currency government bond ratings and stable outlook balanced its considerable financial…
$ 66.4 Bn Sukuk Issued Globally In H1
The volume of sukuk issued globally during the first half of the current year reached $ 66.4 billion, according to…
UAE Non-Oil Growth Subdued At 3-4%
Non-oil growth in the UAE is likely to continue at a below-trend pace of 3-4 percent for the next couple of years,…
Gulf Investors Buoy UAE Real Estate Sector In 2011
The GCC investors have shown increasing interest in the various economic sectors of the UAE, the second biggest…
Bahrain Bourse To Install LED Ticker
Bahrain Bourse (BHB) has announced plans to install an outdoor LED ticker on its building's facade which will…
CBD Launches First Dual-Currency Prepaid Card In GCC
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has become the first bank to issue the CBD…
AfDB 2023