 |
Kuwait credit growth pressured in July ‘but household solid’Kuwait’s domestic credit growth in July was weighed down by a 10% plunge in lending to banks/financial institutions, pulling down the YTD increase to 1.8% (+2.8% y/y), says NBK-Economic Research. But Kuwa More… |
|
Kuwait credit growth pressured in July ‘but household solid’Kuwait’s domestic credit growth in July was weighed down by a 10% plunge in lending to banks/financial institutions, pulling down the YTD increase to 1.8% (+2.8% y/y), says NBK-Economic Research. But Kuwa More… |
 |
Islamic banks account for 21% of gross domestic credit: CBUAEGross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting more than 21% of aggregate bank loans and financial facilities, according to banking indicators by bank type – conv More… |
|
Islamic banks account for 21% of gross domestic credit: CBUAEGross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting more than 21% of aggregate bank loans and financial facilities, according to banking indicators by bank type – conv More… |
 |
UAE’s gross bank assets at $1.17 trillion by end of April 2024UAE's gross bank assets, including bankers’ acceptances, increased by 1.0% from AED4.25 trillion at the end of March 2024 to AED4.3 trillion ($1.17 trillion) at the end of April 2024, according to the Central Bank of the UAE (CBUAE). More… |
 |
GCC real estate firms' credit quality stable after volatile years: S&PThe rated real estate companies in the GCC region have stable credit quality after a volatile few years that saw downgrades, recovery and restoration of credit profiles, according to S&P Global Ratings. The More… |
 |
Loans given by Bahrain retail banks rise 4.3% to $31bn in 2023The outstanding total loans and credit facilities extended to resident economic sectors by retail banks in Bahrain increased to BD11.8 billion ($31.36 billion) at the end of 2023, an increase of 4.3% compared to the end of 2022. & More… |
 |
UAE banks see further weakening of demand for credit: S&PCash flow pressures due to higher-for-longer rates could eventually weigh on corporate credit quality and further weaken demand for new credit in 2024 for UAE banks, said S&P Global Ratings. “High int More… |
 |
BCFC unveils cloud-based credit, lending app in BahrainBahrain Commercial Facilities Company (BCFC) has announced the launch of its cloud-based credit and lending app, Sahel, in the kingdom. Developed in collaboration with strategic technology partners, Codeb More… |
 |
Tabreed secures $163m debut green revolving credit facilityTabreed, a leading district cooling company in the UAE, has announced the successful closure of its inaugural AED600 million ($163.4 million) green revolving credit facility. A five-year agreement was signed by More… |
