Central Bank backs banks operating in UAE
Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country.
Central Bank...
Emirates NBD Marks Financial Wellness Month in April
Renewed commitment to customers’ financial wellness
Bank’s #moneywise platform advocates healthy financial behaviours and habits.
Joining the global effort to bring attention to financial literacy this...
‘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...
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...
First Gulf Bank Q3 Net Profit rises 8%
Consistent net profit growth for the fifth consecutive quarter, Q3 2011 net profit up 8% compared to same quarter last year and 3% compared...
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...
Leading Swiss Private Bank opens for customers in DIFC
Swiss Private Bank Vontobel launches Private Banking activities in Dubai
UAE Central Bank will keep Dollar Peg
The United Arab Emirates will keep its dollar peg despite S&P's downgrade of the U.S. economy, according to a central bank official comments to...
UAE Banking Sector Outlook
At the start of the year, analysts expected a binary scenario for UAE banks in 2010 on the back of a slow but steady...
UAE Consumers on Spending Sprees
Deposits decreased, loans increased
The UAE Central Bank today announced that money supply M0 (currency in circulation + currency at banks) increased by 0.4%, from...
UAE Central Bank sets up crisis committee with banks
Representatives of the Central Bank of the UAE and major national banks met yesterday to discuss the challenges faced by the UAE banking system...
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...
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...
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...
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...
What Changed in Swiss Gold Banking?
What the Swiss banks' move away from unallocated accounts says about gold, and about banking...
IMAGINE you could sell someone something, but keep ownership of...
Emirates NBD opens first Business Banking Centre in Sharjah
Emirates NBD, a leading bank in the region, announced today that it has extended its services to its Sharjah-based SME (Small & Medium sized...