Qatar’s bond market is off to its worst start in three years even as the country ramps up $200 billion of spending to host soccer’s 2022 World Cup.
Banks in the United Arab Emirates will be required to comply with four so-called “liquidity ratios” to help them withstand market disruptions and avoid a cluster of debt payments, according to new central bank rules.
Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive of banks to lend to companies.
Tamweel PJSC , the home finance company majority owned by Dubai Islamic Bank PJSC , tumbled 10 percent as it resumed trading more than two years after being suspended pending its reorganization.
Union National Bank PJSC declined the most in more than three years after the lender, whose shareholders include the Abu Dhabi and Dubai governments, cut its full-year cash dividend by 33 percent.
"There is a lot of intrinsic value in OSN, given subscriber growth of 32 percent last year, increasing average revenue per user, strongly expanding Ebitda."
- Jaap Meijer on Jul 20, 2014