The United Arab Emirates' central bank has told banks they may be allowed to exclude bonds issued by state-linked entities from planned lending limits slated to take effect later this year, a local newspaper said on Monday, citing bankers.
In April, the central bank expanded its large-exposure limit rules for commercial banks, introducing new caps for loans made to local governments and their entities in the first such change in nearly two decades.
The ruling would cap lending at 100 percent of a bank's capital base to governments of the seven-member UAE federation and their non-commercial entities, and 25 percent to individual borrowers.
China May production forecasts cut
May industrial production in China, where Vale sells almost 50% of its iron ore shipments, grew a less than forecast 9.2% from a year earlier, the weakest increase in the first five months of the yea
ALKHODARI signs renewal of Islamic Credit Facilities Agreement
Abdullah A. M. Al-Khodari Sons Company announces the signing of renewal of Islamic Credit Facilities Agreement with Al-Rajhi Bank on 17/06/2013 in the amount of SAR 245 million (Two Hundred Forty Fiv
KFH launches a campaign with 4 privileges
Kuwait finance House (KFH) has launched a new promotion campaign to highlight its services in financing materials , construction work, and all requirements of contracting and decoration. These financ
Saudi stocks rebound as selling eases
Saudi Arabia’s benchmark index recovered most of its early-week losses yesterday as investor concerns of a political conflict in Syria spreading wider to the region eased, while all other Arab market