FAB Shareholders Approve Distribution of 74% Cash Dividends
All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share
New elected FAB board expands from 9...
Emirates NBD named Asia’s Best Brand at 2011 CMO Asia Awards
Award recognises mind, market and commitment share of Emirates NBD brand among consumers
Highlights achievement of Emirates NBD’s international expansion strategy
Emirates NBD, a leading bank...
UAE takes preventive measures to face global financial crisis
President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...
Emirates NBD wins Banker Middle East – Products Award for Best...
Winners selected by poll of 10,500 financial services professionals
Emirates NBD builds on 2009 award for Best Retail Bank
Emirates...
Emirates NBD to utilize services of Fitch Ratings, Moody’s, Capital Intelligence
Emirates NBD discontinues use of S'&'P Ratings
Emirates NBD announced today that the company has elected to discontinue use of Standard '&' Poor's...
Moody’s new UAE Banking System Outlook negative
The fundamental credit outlook for the banking sector of the United Arab Emirates (UAE) is negative, reflecting growing pressures in the operating environment, which...
Bank Saudi Fransi builds proactive protection against malicious threats
New IPS strengthens security of BSF’s network and infrastructure running several international and customised banking applications
Banque Saudi Fransi (BSF), a Saudi Arabian full service...
Bank frauds on rise
Dubai banks customers have been asked to be on alert following recent cases of rise in illegal money transfers. A series of credit card...
Al Islami Business Online for companies
Over 75 services can be accessed online
Free set-up until March 31, 2012
As part of its strategy to provide innovative banking services, Dubai Islamic Bank...
UAE Central Bank slashes rates on re-purchase of Certificate of Deposit
The UAE Central Bank announced today that it has slashed the rate on its re-purchase of Certificate of Deposit (REPO) by 50 basic points...
Dubai lslamic Bank launches new Al Islami Online Banking
1.New system offers array of faster and easier transactions
2.Allows access to over 50 different services
3.New system protected by state-of-art security enhancements
In line with its...
One Million Air Miles awarded to HSBC Gold Air Miles Cardholder
A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...
United Arab Bank Financial Results for firts nine months of 2011
Operating Profit up by 20% to AED 281 million
Loans and advances up 38% to AED 7.6 billion
Customer deposits up 39% to AED 6.7 billion
Net...
Banks ordered not to publish audited annual accounts
UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008Â results, according an article...
UAE bank deposits top a trillion
The UAE's Central Bank announced that total bank deposits in the country increased by 1.5 percent during the month of December 2011 to close...
DED and Mashreq sign agreement to facilitate electronic payment of trade...
The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licenses fees. The...
Emirates NBD opens branch at Emaar Business Park
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the opening of a new branch ...
Loan losses of Gulf banks to drop, according Fitch
Fitch Ratings has said that banks in the GCC region are likely to report lower loan and investment losses in 2011 because impairments have...