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...
Barclays opens Islamic window in Dubai International Financial Centre
Barclays Bank plc announced today that it has received approval to operate an Islamic Window in the Dubai International Financial Centre (DIFC), enabling it...
Financial systems across the world are stalling
World Economic Forum Financial Development Report 2012 shows that financial systems across the world are stalling
Hong Kong tops the Financial Development Index; top six...
GCC Consumers Opt for Digital Banking Services Post Covid-19
77% of respondents in the GCC access digital banking services at least once a week.
44% are willing to switch to a different bank due...
Banks Holiday on occasion of 40th National Day and Hijri New...
All banks in UAE will remain closed from Thursday 1st December until Saturday 3rd December on the occasion of 40th National Day and Hijri New Year, according to a Central Bank
Emerging Markets Retail Banking Growth Slows
Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...
Managing liquidity risk is crucial for UAE banks, say global...
1. Global Association of Risk Professionals hosts Dubai forum
2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit
3. Banks’ collective actions in addressing...
Emirates NBD launches Jersey Offshore Deposits
Available across currencies and tenors
Very attractive promotional interest rates available now
Emirates NBD, the largest banking group in the...
Emirates Islamic Bank launches Ramadan Promotion
Emirates Islamic Bank get into the spirit of Ramadan by launching INTALEQ (Vehicle Finance) Promotion. This new Sharia-compliant vehicle finance promotion will run until...
Barclays Capital named ‘Best Investment Bank in MENA region’
In recognition of its continued leadership in the investment banking industry, Barclays Capital announced today that it has been named the “Best Investment Bank...
Finance ministry begins disbursing 2nd tranche of Government support to banks
UAE Ministry of Finance announced that after its completion of paying the first tranche of the Banking Support facility declared by the Government,...
Trillion is The New Billion
One Trillion Dollars Visualized from www.mint.com
It's official, trillion is the new billion!
No longer is government spending around the world talked about in terms of...