UAE Frees Hundreds Of Emirati Debtors From Jail

The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.

Saudi Arabia Says Not Aware Of Barclays Probe

US authorities are reportedly investigating whether Barclays made any improper payment to win a banking licence in Saudi.

Qatar’s QNB Issues $1bn Bond

Qatar National Bank said that the bond attracted strong investor interest and was several times oversubscribed.

Abu Dhabi Islamic Bank To Price Sukuk Thursday

The lender is set to raise $500 million from its offering after big investor interest for its debut deal.

Recovering Dubai Still Faces $48bn Debt – Standard Chartered

A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.

UAE Investors Dash To Cash

UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.

Qatar National Bank To Sell $500m In New Bond Issue

Price guidance for QNB’s new bond was released at 155 basis points over midswaps, with transaction expected Wednesday.

Investors Favour Fixed Income

With global markets in flux, fixed income is becoming the new favourite for regional investors.

Credit Suisse And Qatar Holding In Asset Management JV

Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.

UAE Central Bank Appoints Abu Dhabi Banker As New Chairman

Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.

Dubai Investments Q3 Net Profit Up 227%

The company’s profit rose as it booked gains in the fair value of its investment properties.

Standard Chartered To Target Ultra-High Net Worth Clients

The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims.

Abu Dhabi Loses Its World’s Biggest SWF Crown

Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.

Saudi’s Almarai To Issue Private Sukuk

The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.

Dubai Islamic Bank’s Q3 Profit Flat

DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.

UAE’s ADCB, Banco Santander In Tie-Up

The two banks signed a partnership agreement to cooperate in trade and project finance.

Top 10 Tips For Investors

Unless you diversify and explore all the options in the market, you will not get the returns you expect, say experts.

Dubai’s DFM Says Q3 Loss Narrows to Dhs1.7m

Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.

Overbanked Qatar Bulks Up For Infrastructure Boom

Local banks will have home-advantage when financing infrastructure projects but smaller assets than international lenders.

ADCB’s Q3 Profit dips 3%, Misses Forecast

Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.

National Bank of Abu Dhabi Cuts 2012 Loan Growth

NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.

Barclays Hit By Fresh US Investigations

The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.

Hong Kong Named World’s Top Financial Centre

GCC cities fail to feature in World Economic Forum’s report as top six places remain unchanged.

National Bank of Abu Dhabi Eyes South Korea

NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.

UAE Approves 2013 Federal Budget, No Deficit

As per the budget, total spending for the year will be Dhs44.6 billion.

Abu Dhabi Islamic Bank Eyes Sukuk Sale

The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.

Bank Of Sharjah Profits Up 1%

The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.

Doha Bank Eyes London Share Sale To Boost Capital

The Qatari lender hopes to increase capital by up to $1.6 billion in 2013.

GCC States Should Cut State Spending Growth -IMF

Their combined budget surplus could turn into a deficit by 2017, the International Monetary Fund has warned.

Top Technology Tips For Banks

Lenders need to put customers at the centre of what they do, writes Steve Bertamini, CEO of Consumer Banking at Standard Chartered.