Business | Banking
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Thursday May 24
DIB's $500m five-year sukuk heavily overbought
Dubai Islamic Bank said its $500 million (Dh1.83 billion) five-year sukuk due May 2017 has been four times oversubscribed.
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Wednesday May 23
Good demand prompts DIB to launch sukuk
Bond expected to benefit from uptick in confidence towards Dubai
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Wednesday May 23
Rupee hits record low as Fitch cuts Japan rating
Currency at mercy of external environment
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Monday May 21
Game theory signals obvious solutions to Triffin Dilemma
In the 1960s, a Belgian-American economist called Robert Triffin defined the Triffin Dilemma
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Monday May 21
Lebanon debt costs at new low as Syria effect muted
Lebanon's borrowing costs dropped close to a record as investors dismiss the effect of Syria's crisis on banks in the most indebted Arab nation.
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Sunday May 20
Spain faces crisis of confidence
public deficit higher than previously reported due to adjusted accounts in regions
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Sunday May 20
Dollar in demand against Eurozone vulnerability
Euro subject to heavy selling as political and economic fears increase
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Sunday May 20
Woori Bank sues Merill over losses
Lawsuit claims financial advisory misrepresented investment risks
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Friday May 18
Grameen Bank businesses face investigation
Panel will review the entire operation of micro-lending entity
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Thursday May 17
ABN Amro expects bad-loan provisions to rise
Bank hit by 16% drop in first-quarter profit
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Thursday May 17
HSBC unveils Dh1b global SME trade fund
As much as 30% will be allocated to Emirati-owned businesses
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Wednesday May 16
Pressure rises on investment firm JPMorgan over risk, clawbacks
Move for chairman/CEO split rejected in victory for incumbent
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Wednesday May 16
Obama calls for reforms
President Barack Obama said on Monday the huge trading loss at JPMorgan Chase & Co illustrated the need for Wall Street reform
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Wednesday May 16
JPMorgan chief may lose his post
Many executives expected to step down in aftermath of bank's $2b trading loss
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Tuesday May 15
Türkiye Finans in $350m murabaha syndicated deal
Türkiye Finans secures largest murabaha syndicated financing in participation banking $350 million
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Tuesday May 15
JPMorgan's investment chief out after massive trading losses
Drew said to be retiring from biggest US bank after 30 years
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Tuesday May 15
Moody's delays bank ratings downgrades
Any cuts could push up funding costs
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Tuesday May 15
Saudi Arabia sees slow progress in bond sales
Local-currency sovereign-yield curve needed
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Monday May 14
Credit Agricole Suisse eyes bigger Gulf portfolio
Strengthens regional presence with clear plans to cater to private investors who prefer fixed income and tangible assets
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Monday May 14
$2b lost due to terrible mistake, JPMorgan says
Banks still taking too much risk, critics feel
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Monday May 14
Australian delegation to visit Dubai
The government of the Australian state of New South Wales will send a group to Dubai this week to discuss ways to develop the Islamic finance industry
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Monday May 14
ADIB reports Dh307.3 million first quarter net profit
Net profit of Dh307.3m registered in the first quarter of 2012
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Monday May 14
Sukuk lures insurers with guarantee
Dana Infra Sdn will pay almost half a percentage point less than benchmark corporate rates on its sukuk because of a government guarantee and insurer demand, MCIS Zurich Insurance Bhd and RHB Investment Bank Bhd said.
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Monday May 14
Global banks recoil against draconian US tax law
Banks refuse to handle accounts of American citizens abroad
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Sunday May 13
Hedges led to JPMorgan's losses
Bank bought too much protection to secure cash
Business Editor's choice
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China breaks West's solar monopoly
Some countries in the world, especially Germany and the United States, have made considerable efforts to invest in developing solar energy cells
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Burberry store spree will cut profit
Trenchcoat maker forges ahead with investment strategy targeting emerging markets
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Laws needed to spur region bond markets
UAE Central Bank calls for creation of a centralised Sharia board to facilitate the sale of sukuk
