Emirates NBD launches Emirates Global Sukuk Fund
•   High profit rate, low minimum investment
•   Semi-annual income distribution
•   Low management fees, award-winning team
Emirates NBD announced today the launch of the Emirates Global...
UAE banks must refrain from offering loans over the phone
In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector.
All banks must...
Global Islamic banking assets to reach $1.1 Tn in 2012
Global Islamic banking assets with commercial banks to reach $1.1 Tn in 2012, up 33% from US$826 Bn in 2010: Ernst & Young
Emirates NBD unveils first rebranded branch
Emirates NBD, the Middle East’s largest bank by asset size, unveiled today its first fully rebranded branch, reflecting the successful conclusion of...
Central Bank approves regulation for classification of loans
The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...
UAE Islamic banks account for 30% of global Islamic Banking industry
UAE Islamic financial services sector represented 30% of the global Islamic banking industry in 2011
Dubai Bank signs strategic alliance with SALAMA for Takaful products
1. Wide range of Takaful plans available to Dubai Bank customers
2. Supports customers in addressing education, retirement planning and other short and long-term goals
Expanding...
Emirates NBD launches online customer care platform
Provides dedicated webpage on bank website to channel customer feedback and enquiries
New service to expedite review...
Community Development Authority signs MoU with Emirates NBD
To jointly launch a programme on finance management
The Community Development Authority (CDA) signed a Memorandum of Understanding (MoU) with Emirates NBD to strengthen mutual...
Services of Dubai Municipality, RTA, DED and DCCI now payable via...
Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...
Middle East Credit Reporting Association formed
1. Non-profit voluntary organisation to create awareness and promote credit reporting in region
2. Neutral body to facilitate credit information sharing on companies and individuals...
Bankruptcy and Financial Restructuring Law to apply to individuals in UAE
Bankruptcy and financial restructuring law’s jurisdiction will extend to include individual, civil debt cases, and debt instances concerning certain professionals such as doctors, lawyers and others.
Pride and Frustration in Gulf Banks
Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...
Trust in UAE Banking Sector Remains High at 68%
Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of...
Bank of Sharjah mandates a group of banks for a syndicated...
The Bank of Sharjah (BOS) issued today a statement in relation to the news that appeared in some local newspapers dated July 11, 2011,...
UAE Central Bank to Cut Interest Rates by 75 Basis Points
The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...
Liquidity improving within the banking system
Though the days of easy credit are a distant memory, there is evidence that liquidity is improving, as the economy emerge from the shadow...
United Arab Bank hosts Trade Finance Workshop for its Customers
United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB’s previous workshop in...