UAE Credit Cards immune to Low Interest Rates
Interest rates are the lowest they have been in decades. But there is a little indication the customers of U.A.E. banks are benefiting. This...
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...
None of DEWA’s borrowers are in default
Dubai Electricity '&' Water Authority (DEWA) would like to make the following announcement for the benefit of the public in view of the diverse...
Central Bank to establish currency printing plant
The Central Bank of the UAE announced today that it has started laying down the bases for constructing a purpose-built building to house...
Global Islamic banking assets to reach $1.1 Tn in 2012
Global Islamic banking assets with commercial banks to reach $1.1 Tn in 2012, up 33% from US$826 Bn in 2010: Ernst & Young
Bankruptcy and Financial Restructuring Law to apply to individuals in UAE
Bankruptcy and financial restructuring law’s jurisdiction will extend to include individual, civil debt cases, and debt instances concerning certain professionals such as doctors, lawyers and others.
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...
UAE banks agree on “mini insolvency law” to help struggling SMEs
UAE banks have agreed to halt criminal prosecutions for bounced cheques drawn by small to medium-sized business customers under a “rescue initiative" launched by...
Newcomers to UAE can now benefit from consumer finance products
Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking
Focus on customers with less than six month stay in...
Emirates NBD ranked No. 1 banking brand in Middle East
Underlines strength of new unified brand
Findings based on brand value and brand performance
In its first year of participation under its...
UAE Banking Sector grew 66 percent in Q1 of 2011
In the first quarter of 2011, profitability has increased in the banking sector in all GCC countries, according to data released by Global Investment...
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 amends terms for key lending facility
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...
Emirates NBD Introduces Contactless Identity Verification to Open New Accounts on...
Bank's new TruID digital identity verification solution leverages the power of Near-Field Communication (NFC) technology
Customer identification information read electronically from Emirates ID and biometric...
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...
S&P reviewing credit ratings of 25 GCC banks
Standard & Poor’s (S&P) is currently reviewing credit ratings on 50 banks in the Middle East and North Africa under a revised set of criteria.
Dubai First launches complete corporate solutions payment package
Dubai First MasterCard Corporate Card Sets New Service Benchmark
Dubai First, the consumer finance company of Dubai Group, a member of Dubai Holding, in association...
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...