ArabianBusiness.com - Middle East Business News
Thursday, 20 November 2008
Lenders ramp up interest rates on home loans

Lenders ramp up interest rates on home loans

Personal Finance
Banks in the UAE increase mortgage rates by as much as 2.5% as cost of borrowing rises.

Saudi prince ups stake in US banking giant
Banking & Finance
Prince Alwaleed bin Talal to increase stake in Citigroup to 5%, shares rise as a result.

Oil price falls to lowest mark since Jan 2007
Energy
UPDATE 1: Lower confidence in world economy results in lower oil price.

Pop star to give evidence in Bahrain lawsuit case
Culture & Society
Michael Jackson expected to appear in court on Monday to fight $7mn claim by sheikh.

more »MIDDLE EAST BUSINESS COMMENT

Aids stigma must end
Calls in the past few weeks by local experts and international groups to end ignorance and misinformation is welcome news.

Joanna Hartley  

Weathering the storm
By the end of the year, the IT market will have a much better idea of how its prospects for 2009 are shaping up.

 Andrew Seymour

EDITOR'S CHOICE

  1. Amlak suspends new mortgage loans »
  2. Finance still most popular jobs sector: survey  »
  3. Premium air traffic in Mideast tumbles 14% »
  4. First Gulf in share buyback »
  5. Bollywood star chosen for 'Atlantis Goddess' role »

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

2,012.24

-40.91-1.99%

20 Nov 2008 09:59 GMT
(Market Closed)

ADX

Last Price:

2,833.55

-47.20-1.64%

20 Nov 2008 10:00 GMT
(Market Closed)

SSE

Last Price:

4,880.44

-89.52-1.80%

19 Nov 2008 12:30 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Saudi prince ups stake in US banking giant
  2. Lenders ramp up interest rates on home loans

Construction & Industry

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Global crisis 'yet to seriously hit Gulf construction sector'

Culture & Society

  1. Pop star to give evidence in Bahrain lawsuit case
  2. Finance still most popular jobs sector: survey

Education

  1. UAE education chief reveals $2bn strategy
  2. Saudi hikes student allowance by 50%

Energy

  1. Oil price falls to lowest mark since Jan 2007
  2. Ras Al-Khaimah grants 25-yr oil concession

Healthcare

  1. Manslaughter charge doctor has licence suspended
  2. UK entrepreneur in Qatar biomedical venture

Islamic Finance

  1. ISDA to launch sharia-proof derivative standard
  2. Sukuk to recover in 2009 - BNP Paribas

Media & Marketing

  1. Cirque du Soleil returning to Dubai next year
  2. Emarat Al-Youm in dark over court ban

Personal Finance

  1. Lenders ramp up interest rates on home loans
  2. Amlak suspends new mortgage loans

Politics & Economics

  1. UAE pledges $550mn aid to Afghanistan
  2. Bahrain survey identifies skills shortage

Real Estate

  1. Sama Dubai reviews projects amid global crisis
  2. Developer puts new projects on hold amid global crisis

Retail

  1. Bin Hendi chief sees 20% fall in business
  2. Damas set to slow down 2009 expansion plans

Sport

  1. Determined UAE hold Iran to draw in World Cup qualifier
  2. Australia break Bahrain hearts in World Cup qualifier

Technology

  1. Software boost as ID card registration rush continues
  2. I-Mate not going under, CEO says

Transportation

  1. Super-tanker owners 'in negotiations' with pirates
  2. Abu Dhabi roads death rate 'twice UAE average'

Travel & Hospitality

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Bollywood star chosen for 'Atlantis Goddess' role

more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. IFRS & US GAAP Courses in Dubai
    27 April 2008 | Dubai, United Arab Emirates
  2. Advanced Human Resource Management in the GCC (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
  3. Effective Business Process Management (Distance Learning)
    14 September 2008 | Dubai, United Arab Emirates
See all events »

MORE TOP MIDDLE EAST BUSINESS STORIES

  1. Luxury hotel fitter expects to see Dubai slowdown
  2. Sama Dubai reviews projects amid global crisis
  3. Bin Hendi chief sees 20% fall in business
  4. Software boost as ID card registration rush continues
  5. UAE markets end down on day of mixed fortunes
All Middle East business news stories »

SPOT POLL

Following the temporary closure of Kuwait Stock Exchange, what do you think the future holds for Gulf markets?

Markets have reached a nadir and share values will now begin to recover.
Most sectors will soon recover but the real estate shares will suffer for some time to come.
The global financial crisis has only just arrived and markets are in for worse times ahead.
Many more companies will be forced to buy back shares in a bid to boost their value.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Interior Designer
    Industry: Construction
    Location: Dubai, UAE
  2. Planning Engineer
    Industry: Construction
    Location: Abu Dhabi, UAE
Browse all jobs »

CURRENT TENDERS

  1. Provision of enterprise storage infrastructure
    Lebanon
    Closes on: 21 November 2008
  2. Upgrade the chlorine generation plant electrolyzer unit at Al Khobar power and desal plants (ph 1)
    Saudi Arabia
    Closes on: 22 November 2008
  3. Supply drainage materials (ESVC pipes and fittings, manhole precast cover slabs and manhole access D.I. cover and frame)
    Qatar
    Closes on: 23 November 2008
  4. Supply low noise mobile diesel pumps for the mechanical workshop
    Qatar
    Closes on: 23 November 2008
  5. Design and implement Capital Projects Request Management System (CAPRMS)
    Qatar
    Closes on: 23 November 2008
More Tenders »

MOST POPULAR

EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Bollywood star chosen for 'Atlantis Goddess' role 7
    20 Nov ' 08 at 08:24
    Been out of the loop but Gulf News has gone dead silent on Free Sammy the Shark campaign. That in itself is not surprising, don't bite...  More »
  2. Expats given more time to register for ID cards 4
    19 Nov ' 08 at 21:24
    The website is not even working, it has been 10 days of downloading and I still haven't passed the second page out of four pages of the...  More »
  3. Software boost as ID card registration rush continues 4
    20 Nov ' 08 at 12:34
    I tried downloading the Emirates ID software to my computer. After it had downloaded , I got a message prompt " Invalid OR Corrupt...  More »
Read all user comments >

BUSINESS FEATURES

Hedges cut down to size

This year's Christmas parties in Mayfair, London's hedge fund district, may see fewer corks popping.

North Africa faces testing time

Investment has flooded into North Africa, but can Gulf developers now deliver on earlier promises?

Braving the storm

Bahraini banks' exposure to foreign investment could soon present a significant challenge.

BUSINESS INTERVIEWS

Headline act

Piers Morgan has transformed himself from hard-nosed tabloid editor to hard-nosed talent show judge.

Nasdaq comes to Dubai

Nasdaq OMX's CEO on what the new brand brings to the Gulf, and why the exchange model remains robust.

Global vision

Qtel's CEO on the transition from being an incumbent operator in just one country to a global heavyweight.

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