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GCC catastrophe ‘could call for huge recapitalisation’A single large catastrophe event with the same severity as the Super Cyclone Gonu in 2007 across the GCC would have resulted in an estimated third of all companies requiring recapitalisation, said an industry expert. “Had Go More… |
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Bahrain banking sector in good health, says IMFThe International Monetary Fund (IMF) has given Bahraini banks a clean bill of health, while rating agency Moody's raised its outlook for the sector, as banks in the kingdom emerge from a period of consolidation. Bahrain has w More… |
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Economic growth, capitalisation ‘driving Gulf banks’Gulf banks will likely continue their steady recovery from the global financial crisis this year, aided by healthy economic growth in the GCC and still high oil prices, said a new report released by Standard & Poor’s (S&P). More… |
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Union Properties in debt deal with ENBDDubai's Union Properties has reached a Dh3.8 billion ($1.03 billion) debt deal with major shareholder Emirates NBD, the developer's chief executive told Al-Bayan newspaper on Wednesday. The real estate firm will transfer assets worth More… |
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Doha Bank bond issue likely by Q1 next yearDoha Bank, Qatar's fifth largest bank by market capitalisation, is likely to go ahead with a planned bond issuance by the first quarter of 2012, the bank's chief executive said on Thursday. 'It will be before Q1 next year, they More… |
