Abu Dhabi Finance established
Abu Dhabi's five largest companies: Mubadala Development, Abu Dhabi Commercial Bank, Aldar Properties, Sorouh Real Estate and the Tourism Development and Investment Company, will...
DED and Commercial Bank of Dubai sign agreement to facilitate electronic...
The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option...
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...
Bank of Egypt waives charges on remittances in Egyptian Pound from...
All charges against money transfers from UAE to Egypt in Egyptian Pound through the branches of Bank of Egypt in the UAE have been...
Emirates NBD region’s ‘Outstanding Private Bank’
Prestigious accolade presented to Emirates NBD Private Banking at PBI Global Wealth Awards in Singapore
Retail loans expected to lift earnings for UAE banks
Commenting on the Retail loans expected to lift earnings for UAE banks, Clint Dempsey who is is a Principal Associate in the Banking and...
UAE federal Government to move to 3-year budgets
UAE plans a big makeover with regard to its federal budget, like releasing budgets every three years instead of yearly one at present and...
Emirates NBD announces senior appointments
1. Appoints Head of Priority Banking, Vice President for Credit and Collections
2. Industry veterans with nearly 40 years of collective experience to support growth...
US Federal Reserve System Raises Base Interest Rate
The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...
AED 55 billion worth of bounced cheques in 2011
UAE central bank reports AED 55 billion worth of bounced cheques in 2011.
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...
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...
UBS appoints Ali Janoudi to Middle East and North African role
UBS today announces the appointment of Ali Janoudi, who will be responsible for the Saudi Arabia and Near East/Northern Africa Wealth Management business in...
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...
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...
Bitcoin Surpasses $400B Market Capitalization, More Than Any Global Bank
Bitcoin’s market capitalization has hit record levels in 2020 alongside a surge in the asset’s price. With the market cap, the pioneer cryptocurrency is...
Six banks control 60 pc of assets in UAE
Emirates NBD alone holds 20pc
Six large banks in the UAE control close to 60 per cent of the total assets held by the country's...
State Bank of India launches Corporate Banking Services from DIFC
Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...