Regional stock market indices Regional currency rates Arab Bank Undertakes $500m Syndicated Loan, Debut Transaction in its History Jordan-based Arab Bank plc appointed Credit Agricole (CALYON), HSBC Bank Middle East Limited and JP Morgan as lead arrangers and book runners for a $500 million fully underwritten syndicated loan. This loan, first of its kind to be ever undertaken by the bank, aims at “diversifying funding resources and the efficient management of assets and liabilities” of the bank. Arab Bank, established in 1930, operates in 29 countries. The bank recorded profits of $625 million in 2006, and assets and shareholders’ equity were at $32.4 billion and $5.9 billion respectively for the same period. Ahli United Bank to Acquire 35% of Oman’s Alliance Housing Bank Bahrain’s Ahli United Bank (AUB) signed a Memorandum of Understanding (MoU) to acquire 35% of Oman’s Alliance Housing Bank (AHB). This acquisition comes in the form of
