QNB named ‘Best Bank’ at Emeafinance Middle East Banking Awards 2009
QNB (Qatar National Bank), was named “The Best Bank in Qatar” by Emeafinance at the second annual Middle East Banking Awards and was presented with the award during a Charity Dinner organised by Emeafinance in Dubai recently.
This is the secon
Tags: 2009, at, Awards, Bank, Banking, Best, East, Emeafinance, Middle, named, QNB
German Business Insolvencies Increase In 2009
Tuesday, Germany’s Federal Statistical Office announced that the business insolvencies increased 11.6% in 2009 from the previous year. Total number of insolvencies grew 5% and in insolvencies of other debtors rose 3.4%.
German insolvency cour
Abu Dhabi Trade Bucks Trend, Rises 9pc in 2009
Abu Dhabi’s foreign trade grew nine per cent in 2009, bucking the trend in a challenging year, while the total UAE trade shrank 16 per cent in line with the global economic realities, Abu Dhabi Customs statistics issued on Tuesday showed.
The
Arab Banks’ Assets Rise to $2.26 Trillion in 2009
The total assets of 420 banks in the Arab world grew 3.57 per cent to $2.26 trillion in 2009 in spite of the unprecedented global financial turbulence, the head of the Union of Arab Banks said on Tuesday.
The deposit base of Arab banks surged
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Bulls may run more from March 2009 lows
Bulls may get more room to run this week on the anniversary of the March 2009 lows — if U.S. stock investors see more signs of stability after Fridays rally on smaller-than-expected job losses.
The catalysts could be February retail sales and
Oman’s economy fell by over 20% in 2009
A sharp decline in oil prices depressed Oman’s economy by more than 20 per cent in current prices last year despite positive real growth triggered by an increase in crude output, official data showed yesterday.
From RO23.2 billion (Dh222.7bn) i
UAE’s Non-oil Foreign Trade Shrinks 16% in 2009
The global financial crisis has shrunk the UAE’s non-oil foreign trade by 16 per cent to Dh663 billion in 2009, down from Dh788.7 billion worth of trade recorded in the booming period of 2008.
Imports dropped 29 per cent to Dh449.2 billion in
Oman’s economy fell by over 20% in 2009
A sharp decline in oil prices depressed Oman’s economy by more than 20 per cent in current prices last year despite positive real growth triggered by an increase in crude output, official data showed yesterday.
From RO23.2 billion (Dh222.7bn) i
Kuwait Finance House spends KD450m in retail market in 2009
The AGM for the Commercial Sector at Kuwait Finance House (KFH) Ahmed Al-Khaled said that boosting the economy through increasing sales in local market is one of KFH’s priorities, since KFH’s expenditure in 2009 in the local market reached more than KD450
Tags: 2009, Finance, House, in, KD450m, Kuwait, Market, retail, spends
Laiwu Steel 2009 profit down by 63pct YoY
Xinhua reported that Laiwu Steel Group, China seventh biggest steel maker by output net profit in 2009 plunged 63%YoY to CNY 96.9 million.
Laiwu said in its annual business report filed to the Shanghai Stock Exchange that the decline was due
Financial Reports
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