Tuesday 17 October 2017
 
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$8.1bn housing loans distributed under Zayed Programme

The UAE government has disbursed housing assistance and loans worth Dh30 billion ($8.16 billion) under the Sheikh Zayed Housing Programme since its establishment in 1999, said a report. So far, 30,000 homes have been built under t

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Abu Dhabi banks post $2.45bn income in Q2

The net income of Abu Dhabi-based commercial banks amounted to Dh9 billion ($2.45 billion) during Q2 2017, a growth of 4.1 per cent from Dh8.64 billion during the corresponding period in 2016. Net interest income amounted to Dh5.2

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UAE approves $182m housing loans

The UAE government is offering housing loans worth Dh670 million ($182 million) to 1,080 beneficiaries in the northern emirate of Umm Al Qaiwain under the Sheikh Zayed Housing Programme, said a report. The loan was approved by the

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Dubai Airports seeks $1bn funding for airport expansion

Dubai Airports is looking to raise $1 billion in funds for the expansion of its second airport, a report said. The government-owned airport operator is talking to banks about the export-credit agency-backed fundraising, which is l

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UAE personal loans increase to $95.27bn in Feb

The total volume of personal loans in the UAE increased to Dh349.9 billion ($95.27 billion) in February 2017, according to a UAE Central Bank report issued on Tuesday. The figure is an increase of 3 percent over January’s total loans.

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World Bank eyes capital markets to boost loans for poor

The World Bank division that lends to the world's poorest countries is preparing to raise billions of dollars from capital markets next year after winning top-tier, first-ever credit ratings from Moody's Investors Service and Standard an

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UAE 'contains' problem of SME debtors skipping country

The problem of small business owners in the United Arab Emirates "skipping" the country over unpaid debts has been contained, although it is set to remain an issue well into next year, the head of the Gulf state's banking federatio

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$458bn for China poverty reduction

Agricultural Development Bank of China, one of the country's main policy lenders, plans to lend 3 trillion yuan ($458.12 billion) up to 2020 as part of government efforts to reduce poverty, state media reported.  

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Dubai lenders in talks to raise $1.7bn in loans

Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said. The

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UAE banks cut credit lines to SMEs after defaults

Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers. As weak oil prices prompt a drying up of

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