Suq Al Mal

Announcement here :  Yemen 2010 and Iraq 2011. I think I will miss both though I suppose a loss might be easier to take in Yemen.  Wonder...

BKME will hold a shareholders' ordinary general meeting and extraordinary general meeting on 10 January to authorize the various steps, ...

Picture Copyright AlArabiyya Here's the announcement from WAM dated today . Here's one from AlArabiyya dated 21 May 2009 . ...

FT news report here . Novaar's press release on the subject. HRH Prince Saud Bin Mansour Bin Faisal Bin Saud Bin Abdulaziz Al Saud ...

(The following article has been prepared according to press guidelines at "Gulf News" for reporting on the non-crisis in Dubai. D...

Here are a couple of alternative views on the results of TID's approach to its creditors for agreement on the proposed restructuring. ...

TID announced today that it had gotten agreement of over two-thirds of its creditors to its rescheduling proposal. Bader Al Ali, as offici...

Abdisheikh not Sheikh. Correction to earlier post and press release here.

If yesterday's news in AlQabas wasn't distressing enough, here's another . Key points from the article: Khatif Holding Compan...

Reuters story here . Previous posts here and here .

Pretty moves up to Acting CEO at Gulf Finance House after Ahmed Fahour resigns after five months as CEO to take up a post with Australia Po...

I thought that readers might find the transaction description of interest.  So here's the link . The announcement provides a descripti...

Standard and Poor's analyzes the health of national banking sectors and then assigns them a rating from 1 (best) to 10 (worst). Here...

Rupert Bumfrey posted this gem about the new "style guide" at Dubai's "Gulf News" newspaper at his blog . All the ...

Emcredit is the UAE's first government backed credit bureau founded in 2006. Here's the official announcement that ADIB has signe...

Some news on Global MENA Financial Assets ("GMFA") from the London Stock Exchange: (1) GMFA's EGM has approved settling the...

If AlQabas' sources are right, TID and the Creditors'  Co-Ordinating Committee ("CCC")  have been unable to convince all ...

AlQabas reports that the bank involved in the restructuring is Kuwait's Gulf Bank. Earlier post here . By the way earlier I omitted...

Reuters reports that Marco Rochat has resigned. Earlier post here .

Picture Copyright The National Newspaper Abu Dhabi This probably consists of piling on, but I just couldn't resist quoting this head...