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 and HDFC Bank launch online remittance facility for...
Enables direct remittance of funds into HDFC Bank accounts
Facilitates overseas remittances by Indian expatriate community
Emirates NBD, a leading bank in the region, announced today,...
Emirates NBD unveils largest illuminated National Flag in UAE
Emirates NBD, a leading bank in the region, announced today that it is celebrating the 40th UAE National Day by integrating the “Spirit of the Union” theme across a range of activities
Islamic banking makes rapid strides
Islamic banks have become an increasingly important part of the UAE system making rapid strides along the way. Islamic banks have increased their share...
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...
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...
Emirates NBD opens first Private Banking Centre in Abu Dhabi
Expansion of bank’s Private Banking services in line with increasing client demand
In line with increasing demand for its bespoke wealth management solutions,...
Emirates Development Bank estblished with a Federal Law
Possessing a capital of AED 10 billion, the EDB will aid in promoting economic growth for the UAE HE Al Tayer said
HE Obaid Humaid...
Liquidity stable in UAE banks
Real estate loans at the UAE banks stood at AED173 billion at the end of last year.
As liquidity is stable in the UAE banks,...
‘Best Home Finance Company’ at Banker Middle East Industry Awards
Tamweel PJSC, the UAE Islamic home finance provider, announced today that it has been named the “Best Home Finance Company” at the Banker Middle...
Layoffs in UAE banking industry on the rise
According to recent Reuters and Bloomberg reports, layoffs within UAE's banking industry are on the rise despite that the majority of banks reported strong...
AED 3 billion capital increase approved at DIB Extraordinary General Meeting
1. Assembly approves conversion of AED 3.75 billion deposit into Tier 2 capital of DIB
2. Assembly approves increase of DIB’s capital by AED 3...
MasterCard, Visa warn of credit card data breach
"Massive" breach may affect more than 10 million credit card holders
Credit cards compromised between January 21, 2012 and February 25, 2012
MasterCard and Visa said...
Dubai banking on support towards a stronger recovery
The increased domestic banking sector support to Dubai Inc has brought exposure to the public sector as percent of capital to the highest level...
Bank offers up to $5 million in mortgages for properties in...
Underscoring an emerging positive sentiment in the property market, Standard Chartered is offering up to Dh18.4 million ($5 million) in mortgage to attract high...
Financial Health Check program launched during Ramadan in UAE
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today the launch of its Financial Health Check program as part...
Leading Swiss Private Bank opens for customers in DIFC
Swiss Private Bank Vontobel launches Private Banking activities in Dubai
UAE Central Bank kicks off Direct Debit System
Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...