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Saudi Arabia Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about Saudi Arabia Banking.
Latest Saudi Arabia Banking News
- Saudi stocks fall for second day, paced by Sabic and Al Rajhi 21 Nov 2009 22:34 GMT
... Saudi stocks yesterday fell for a second straight ... Friday and concern grew that the European Central Bank will phase out economic stimulus measures. ...
- Saudi Hollandi Bank launches new credit facility for its customers 21 Nov 2009 07:11 GMT
... was announced by. Ehab Al-Dabbagh, SHB's Individuals Banking General Manager, who said the Bank will ... of its kind to be introduced by banks operating in the Saudi market. It opens up a new avenue ...
- Saudi index down, banks and petchems weigh 21 Nov 2009 16:53 GMT
... ...
- Emirates NBD's Assets Surge by 76.3% 21 Nov 2009 19:55 GMT
... a landmark merger by Dubai’s two leading banks. Since the merger of Emirates Bank and National ... of 2007 was to create a national banking champion in line with Dubai’s growth and ... Emirates NBD’s international presence extends to the Saudi Arabia, Qatar, the UK and Jersey, India, ...
- Is There Such a Thing as Agro-Imperialism? 21 Nov 2009 23:11 GMT
... an eminent American botanist, flew to Saudi Arabia in March for a series of ... a series of meetings, Saudi government officials, bankers and agribusiness executives told an institute delegation ...
- USA - Credit guarantees from USDA 21 Nov 2009 01:11 GMT
... by guaranteeing payments due from approved foreign banks to exporters or financial institutions in the United ... Libya, Jordan, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Tunisia, United Arab Emirates All commodities: ...
- Tunisian journalists pin high hopes on planned GCC Summit 21 Nov 2009 13:57 GMT
... By Jamal Al-Nuwayef (with photos) TUNIS, Nov 21 (KUNA) ... in Iraq and recent developments along the Saudi-Yemeni border. Commenting further on the scheduled GCC ... cooperation at the levels of power, customs, banking and finance. Al-Amari expressed hope that leaders ...
- Central Bank Directs Banks to Make 50pc Provisions for Saudi Groups 18 Nov 2009 19:57 GMT
... ABU DHABI — The Central Bank of the UAE has directed banks to make 50 per cent provisions by December 31 2009 ... 100 per cent provisions for the two banking subsidiaries of the Saudi conglomerates. The International ...
- Central Bank looks at risk reforms 16 Nov 2009 16:28 GMT
... / November 16. 2009 3:58PM GMT The Central Bank may introduce further risk management reforms ... further risk management reforms to protect the banking system from future crises, its governor says. ... the type and liquidity of securities that banks are holding or selling to clients, said Sultan al ...
- Central Bank says lending has fallen 17 Nov 2009 17:18 GMT
... UAE / November 17. 2009 4:42PM GMT Banks set aside an extra Dh1.2 billion (US$326.7 million) last ... for the first time since July. The Central Bank figures challenge claims from banks that ... such as those extended to the troubled Saudi conglomerates Ahmad Hamad Al Gosaibi and Brothers ...
- Algosaibi, Saad Group owe UAE banks $2.9bn 19 Nov 2009 21:37 GMT
... Algosaibi, Saad Group owe UAE banks $2.9bn The Saad Group and Ahmad Hamad ... $2.9bn to banks in the UAE, the central bank said. Banks must make provisions for those ... UAE’s third-largest bank by assets, Abu Dhabi Commercial Bank PJSC, is owed a combined 2.24bn dirhams ...
- Local loans to Saudi groups total $2.9bn 19 Nov 2009 15:59 GMT
... Ahmad Hamad Al Gosaibi and Brothers, the Central Bank says. The first official confirmation of the ... high end of analysts’ estimates for UAE banks, which were between $2bn and $3bn. The ... disclosed their exposures to investors. Abu Dhabi Commercial Bank is owed a total of $609m by ...
- AME Info, Abu Dhabi, United Arab Emirates, banking briefs 16 Nov 2009 19:54 GMT
... AME Info, Abu Dhabi, United Arab Emirates, banking briefs Nov 16, 2009 (AME Info - ... Network) -- CBK POSTS Q3 NET LOSS: Commercial Bank of Kuwait (CBK), the country's third ... Saudi conglomerate Saad and its partners in banks in the UAE will be frozen, according ...
- Q+A-Bahrain's offshore banks at crossroads 18 Nov 2009 12:00 GMT
... investment houses could turn themselves into retail banks that possess more stable sources of funding ... House GFHB.BH (GFH) plans to make Khaleeji Commercial Bank KHCB.BH, in which the bank and ... stake, the centrepiece of its new commercial banking division. However, this route is only open ...
- UAE cbank presses banks on Saudi debt provisions-paper 16 Nov 2009 06:33 GMT
... 16 (Reuters) - The United Arab Emirates central bank has told banks to take provisions worth half their exposure to troubled Saudi ... and outside of the region, with some bankers expecting writedowns to affect 120 banks at ...
- Gulf monetary union well on track: Saudi 20 Nov 2009 21:18 GMT
... Saudi Arabian central bank governor Muhammad al-Jasser said that Gulf ... defaulted on payments and owe $2.9bn to banks in the UAE. The companies are involved in legal battles ... after both businesses defaulted on their Bahrain-based banking units. Meantime, Oman Central Bank executive president ...
- Banks need their own risk champions' 17 Nov 2009 16:55 GMT
... / November 17. 2009 4:24PM GMT Gulf banks need to reform their management structures to reduce their susceptibility ... member of the management committee of the Banking, Finance and Insurance Commission in Belgium. Sultan ... Sultan al Suwaidi, the Governor of the Central Bank, said on Monday that the bank ...
- Saudi annual inflation falls to 3.5% in October 16 Nov 2009 01:12 GMT
... RIYADH: Annual inflation in Saudi Arabia fell to 3.5 percent ... was unnecessary given tepid inflation. SAMA, the central bank, held its main rate at 2 ... a need to support lending in a banking sector hit by debt restructuring concerns in ...
- Saudi cbank says U.S. dollar peg beneficial -paper 18 Nov 2009 09:00 GMT
... DUBAI, Nov 18 (Reuters) - Saudi Arabia's currency peg to the U.S. dollar ... remains the main reserve currency globally, the central bank governor was quoted as saying on ...
- Saudi cbank: Pegging Gulf currency to basket an option 19 Nov 2009 17:36 GMT
... FRANKFURT, Nov 19 (Reuters) - Pegging a planned new Gulf ... table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said ... There is no perfect solution.' The Saudi central bank kept interest rates unchanged in the ...
- Saudi 9M-2009 Result Review 18 Nov 2009 16:35 GMT
... Global Investment House – Kuwait – Saudi corporates were affected by the downturn in ... corresponding period of 2008. Among the sectors, banking and petrochemical sector amounted to 56 percent ... in 9M2009. Out of the 11 listed banks on the Saudi bourse, we excluded the results ...
- Obama's Off-Shore Banking 19 Nov 2009 13:31 GMT
... The White House tells reporters that America's relationship with ... the emperor of Japan, pandering to the bankers and tyrants of China. The more undemocratic ... but almost literally trips over himself before Saudi princes and Asian emperors of ancient lineage. ...
- Saudi Capital Market Authority grants licenses for three Shuaa funds 16 Nov 2009 11:30 GMT
... focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs. Following CMA's ... members of the General Council for Islamic Banks and Financial Institutions, both sit on the Shariah ...
- A Saudi Gamble to See if Seeds of Change Will Grow 19 Nov 2009 01:11 GMT
... THUWAL, Saudi Arabia - The $12.5 billion question is ... of security, in isolated luxury on the banks of the Red Sea. There will be a ...
- A Saudi Gamble to See if Seeds of Change Will Grow (Today) 19 Nov 2009 07:53 GMT
... A Saudi Gamble to See if Seeds of Change ... of security, in isolated luxury on the banks of the Red Sea. There will be a ...
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