The Export-Import Bank of the United States, following a record-setting year in 2009, is increasing operations even more to help double US exports...

Banks should help bear the cost of pan-European bank failures to alleviate the burden on taxpayers, the European Central Bank (ECB) said yesterday....

Jordan's Housing Bank for Trade and Finance's 2009 net profit fell 34 per cent to JD66.6 million ($93.9m /Dh344.8m) despite six per cent growth in...

Kuwait's central bank cut its one-week and one-month repurchase rates by a quarter percentage point, a day after reducing its benchmark interest...

Saudi Arabia's Dar Al Arkan Real Estate will likely issue a five-year fixed rate Islamic bond worth between $500m-$750 million by the end of the...

Dubai is now poised to achieve sustainable economic growth as fundamentals of real economic indicators have improved, a top official told Emirates...

Dubai contractor Arabtec's proposed merger with Aabar Investments is still on track with a possible deal closure in March and the firm expects to...

A new furor erupted Wednesday as AIG revealed plans to pay $100 million in bonuses a year after similar payments by the bailed-out insurance giant...

Qatar Financial Centre (QFC) has altered its strategy to focus on asset management, reinsurance and captive insurance, the head of its governing...

News reports say American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial...

Oman Insurance Company (OIC) profit fell to Dh189 million in 2009 from Dh250m in 2008. The company said it saw especially strong growth in its...

The National Health Insurance Company, or Daman, has announced it will give up its exclusive rights for direct billing within the Abu Dhabi Health...

The UAE urged India yesterday to boost its investments in the Emirates to take advantage of the country's strategic location, absence of taxes,...

Dubai-based investment bank Shuaa Capital aims to triple its fee income in the next three years, as the investment bank focuses on its domestic...

Singapore state investor Temasek yesterday said it priced its S$1 billion ($703.7 million, Dh2.58bn) 10-year bond at 40 basis points above the...

The Lord Mayor of the City of London, Nick Anstee, arrived on a two-day visit to the UAE yesterday with a major business delegation, as part of a...

Islamic finance is likely to advance in 2010 on firm growth and a widening geographic reach, according to a new report by Standard & Poor's. "In...

The Bahrain Financial Exchange (BFX) and Bursa Malaysia said yesterday they signed an agreement to study a common platform on which Islamic finance...

The British government will seek to remove one of the final technical obstacles to the issuance of Islamic bonds, the Treasury said. Islamic...

Citibank has been appointed as the issuing and paying agent for the first sukuk to be cleared through the central securities depositary (CSD) of...

Banks in the six-nation Gulf Cooperation Council (GCC) economy are expected to return to profit growth in 2010, benefiting from higher oil prices...

A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World...

The European Union's new President, Herman Van Rompuy, is calling for an "economic government" for the bloc, with closer policy co-ordination and...

Business lender CIT Group said on Monday it would prepay $750 million (Dh2.7 billion) on its $7.5bn in debt, marking a step towards recovery under...