Citi reports security breach; 360 000 credit cards were affected
US banking giant Citigroup had told its clients that about 360,000 credit cards were affected by an online hacking attack in May.
Citigroup reported that...
UAE Central Bank slashes rates on re-purchase of Certificate of Deposit
The UAE Central Bank announced today that it has slashed the rate on its re-purchase of Certificate of Deposit (REPO) by 50 basic points...
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,...
Emirates NBD launches Emirates MENA Fixed Income Fund
High-yield investment opportunity, estimated yield of circa 6 per cent
Option of semi-annual income distribution
40-strong professional ...
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...
Mortgages for the self-employed
Securing a home loan in Dubai is rarely a straightforward process, but some situations and circumstances make the process even more challenging.
Among the people...
Emirates NBD introduces seed capital initiative for UAE nationals
•   Opportunity for young Emirati entrepreneurs to start up own business
•   In line with strong commitment to supporting UAE nationals
Emirates NBD, the largest banking...
United Arab Bank Financial Results for firts nine months of 2011
Operating Profit up by 20% to AED 281 million
Loans and advances up 38% to AED 7.6 billion
Customer deposits up 39% to AED 6.7 billion
Net...
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...
Bank of Sharjah signs club term loan facility
Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...
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...
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...
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...
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...
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...
Banks ordered not to publish audited annual accounts
UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008Â results, according an article...
Emirates NBD wins Financial Sector Technology award for best systems integration...
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it has won the 2010 Financial Sector...
The Central Bank plans Dirham-Dollar Swaps to support banks
The United Arab Emirates central bank said on Wednesday it would provide UAE dirham-U.S. dollar swap facilities to banks to further support the banking...