News
Omani banks' investments in foreign securities rise by 69%
Bankers said that despite the S&P downgrade and uncertainties about the US economy, commercial banks and central banks in GCC nations have continued to invest in US sovereign bonds and short-term ...
S&P raises BankMuscat's long-term rating to 'A-', outlook stable
The ratings also reflect BankMuscat's 'BBB' anchor, as well as its strong business position, strong capital and earnings, moderate risk position, average funding and adequate liquidity.
BNY Mellon sees commodities, emerging markets as opportunities for 2012
Emerging markets and commodities are among the pockets of opportunity highlighted by the BNY Mellon Investment Outlook for 2012.
Omani banks to benefit from loan growth next year
Local banks are likely to benefit from a robust growth in loan book next year, although challenges are ahead due to the imminent entry of two Islamic institutions, said a brokerage house in a ...
FM: Sanctions on Iran oil sector failing
Iran's Foreign Ministry Spokesman says sanctions against Iranian oil and banking sectors have failed as nations are not willing to ignore their national interests for political ambitions of US and ...
Egypt's budget deficit expected to surge to 11.7%
Egypt's budget deficit is expected to reach EGP 182 billion in the current financial year, up from the originally projected EGP 134 billion.
Dubai budget shows strong desire to get a grip on debt
The global financial crisis of 2008 taught governments and financial institutions that it pays to be cautious and remain conservative.The Dubai Government's AED 32.25 billion budget for 2012 can be ...
Abu Dhabi's household debt up 3.8%
The number of Emiratis who borrowed in Abu Dhabi increased to 61.5% in the third quarter compared with 57.7% in the same period of 2010, according to a survey by the Department of Economic ...
Mashreq lead arranger for Sri Lanka bank loan
Mashreq bank successfully closed its second syndicated facility in 2011, for Sri Lanka's largest bank, Bank of Ceylon.
UAE's Aldar to decide on sale of assets at board meeting
Abu Dhabi's largest real estate developer by market capitalisation, Aldar Properties, said its board will meet to consider the sale of some assets of the company.