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UAE provides $81bn credit to property sector in Q1Up to Dh300.5 billion ($81.6 billion) in bank credit facilities was provided to the realty and construction sector in the UAE by the end of Q1 2018, a growth of 12.5 per cent from Dh267.02 billion in the same period in 2017. Loans More… |
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Bank financing to UAE realty sector tops $76bn in H1Bank financing provided to the property and construction sector in the UAE reached Dh281.2 billion ($76.5 billion) during the first half (H1) of 2017, rising by Dh16.5 billion ($4.49 billion) and reflecting a growth of 6.2 per cent from the end More… |
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Yemen food shipments hit as banks cut creditBanks have cut credit lines for traders shipping food to war-torn Yemen, where ports have been battlegrounds and the financial system is grinding to a halt, choking vital supplies to the state. Lenders are increasingly unwilling t More… |
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Kuwait registers 8pc credit growthKuwait witnessed a steady 8 per cent growth in its bank credit in January mainly driven by the household borrowing despite a third consecutive month of declining business credit, said a report. The household debt remained the most More… |
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Kuwait credit hits 5-year high; tops $1.3bnKuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said. October’s data confirms the accel More… |
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Kuwait credit growth hits 6.4pc, fastest in 3 yearsTotal bank credit in Kuwait rose by a strong KD290 million ($1.01 billion) in May to KD27.8 billion, with year-on-year (y/y) credit growth accelerating to 6.4 per cent, the fastest pace since the slowdown of late-2009, a report said. More… |
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Ireland faces $54bn bank bill, Spain downgradedIreland disclosed a mammoth "final" price tag of nearly 40 billion euros ($54.33 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings. As markets contemplated Dublin's ever gr More… |
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Oman to keep rates low, sees bank credit upOman will keep interest rates close to zero for the foreseeable future to prevent a further surge of liquidity into the Gulf country's banking system, the oil producer's central bank head said on Wednesday. The Sultanate has been keeping t More… |
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Tight credit, Dubai woes may curb Gulf growthThe Gulf region's economic recovery risks are being hampered as lending remains tight and state conglomerate Dubai World struggles to resolve its debt problems, a senior investment banker said. Dubai, one of the seven sheikhdoms that m More… |
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Saudi bank credit almost flat in Oct vs SeptSaudi bank credit growth edged up 0.14 per cent in October compared to September, official data showed on Thursday. Bank credits stood at SR722.6 billion ($192.7 billion), up from SR721.6 billion in September, the Saudi Arabian Monetary Ag More… |
