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Oman sets 5pc minimum target for SME lendingOman's central bank has stipulated that commercial banks' loans to small and medium-sized firms must account for at least 5 per cent of their total loans, in a new rule aimed at easing une More… |
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UAE drafting movable assets law, says IFCThe UAE is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in order to improve financing options for the firms, said a unit of the World Bank More… |
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Oman cenbank plans new rules to boost SMEs lendingOman's central bank plans to issue rules to boost lending to small and medium-sized firms, said its chief, in a new move to help bring unemployment down in the Sultanate. Supporting smaller firms is a key part of the governmen More… |
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ENBD sees 40pc retail lending boomEmirates NBD, Dubai's largest lender, expects its retail lending to jump between 25 and 40 per cent in 2013 as consumer confidence returns in the UAE, its retail banking head said on Monday. Cautioning that the numbers were co More… |
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ENBD sees 40pc retail lending boomEmirates NBD, Dubai's largest lender, expects its retail lending to jump between 25 and 40 per cent in 2013 as consumer confidence returns in the UAE, its retail banking head said on Monday. Cautioning that the numbers were co More… |
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StanChart seeks Egypt acquisition, plans Iraq pushStandard Chartered is looking to acquire a bank in Egypt to ride an expected boom in one of the Middle East's largest economies, the firm's regional head said, adding that the bank also plans to expand operations in Iraq this year. More… |
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Dubai's new boom assumes short memoriesDubai has rediscovered its appetite for grand designs. A replica Taj Mahal four times bigger than the original, the world's biggest Ferris wheel, several new mega-malls, and over 100 new hotels are amongst a raft of extrava More… |
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Euro zone lending falls for 8th monthLoans to companies and households in the euro zone contracted for the eighth month running in December, showing low official borrowing costs are having little success in reviving investment and spending. The European Central Bank More… |
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Bank of America to increase Gulf lendingBank of America Merrill Lynch (BofA) plans to increase lending to businesses in the Middle East as oil-rich Gulf investors show more appetite for acquisitions, a senior banker at the US financial services firm said. BofA's mov More… |
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Gulf Finance plans to triple SMEs lendingGulf Finance Corporation, a subsidiary of Dubai-based Shuaa Capital, has lent more than a Dh1 billion ($272 million) to the small and medium sized enterprises (SMEs) in the UAE during the last three years and now aims to triple the amount over t More… |
