Economy






Saudi banks’ distressed loans down 4% to SR16bn in Q2

The volume of non-performing (distressed) loans in the Saudi banks dropped by 4 percent to SR16 billion by the end of Q2, 2014, compared to SR16.8 billion in the same period last year, according to a



NMC Health profit up 27%

ABU DHABI: NMC Health, the United Arab Emirates healthcare provider, boosted first-half profit by nearly 27 percent, aided by higher occupancy across its hospitals, it said on Tuesday.



FGB hires former NBAD banker

ABU DHABI: Major Abu Dhabi lender First Gulf Bank has hired a former banker at National Bank of Abu Dhabi as head of its corporate finance advisory services, FGB said on Tuesday.




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