HSBC to cut 30,000 jobs worldwide
International banking giant HSBC confirmed on Monday it would cut a further 25,000 jobs between now and 2013 as part of a broader cost-cutting...
UAE banks have no exposure to Lehman’s fall-out
The UAE banks have virtually no exposure to Lehman Brothers and that there was no systemic risk in the UAE as a result of...
Bounced cheques need closer attention
Bounced cheques - dealing with the problem
Bounced cheques have turned into an ongoing problem and are on the rise since the beginning of the...
UAE will not be party to GCC monetray union agreement
The UAE has decided not to take part in the proposed monetary union agreement between the states of the Gulf Cooperation Council, an official...
Meltdown turns spotlight on Islamic finance
The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...
Best Global Emerging Markets Bank
Citi was named Best Global Emerging Markets Bank and Best Global Transaction Banking House by Euromoney magazine as part of its Euromoney Awards for...
Savings account for children unveiled in Dubai
Shaatir Children’s Savings account will help young people reach their financial goals
DIB’s first account specifically for children
Dubai Islamic Bank (DIB) today unveiled its first...
EmiratesNBD opens branch in London
UAE Ambassador to the United Kingdom Abdul Rehman Al-Mutawwa opened the new EmiratesNBD Bank.
Emirates Bank and the National Bank of Dubai were merged in...
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...
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...
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...
Ethica Institute Makes History at Mashreq Bank
For the First Time Ever, Bank-Wide Islamic Finance E-Learning is Now a Reality, Bringing the Still-Booming Islamic Finance Industry One Step Closer to the...
Emirates NBD showcases consumer finance products at Arabian Centre mall
Bank to offer guidance on personal finance solutions at third outreach event at local shopping centre
In line with its commitment to reach...
Emirates NBD Private Banking named “Best Local Bank” in UAE
Significant recognition for Emirates NBD in annual survey of private bankers worldwide
Fourth such accolade for Emirates NBD Private Banking, following string of...
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
Mahra Ladies Banking designed exclusively for today’s woman
Mahra Ladies Banking provides significant discounts at shops, restaurants, hotels and resorts
Additional benefits include concierge services, free valet parking, unlimited access to Ladies Clubs...
UAE Central Bank announced mortgage-loans limits
The Central Bank of the United Arab Emirates last week approved the decision to increase the recently proposed mortgage-loans limits. Initially, the proposed mortgage...
Central Bank postpones cheque rule implementation
Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques...