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Emaar extends the time for mortgage repayments

Customers of Emaar Properties have been given a breather in terms of extending the time for repayment of mortgages, a senior official of the...

Emirates NBD launches online customer care platform

Provides dedicated webpage on bank website to channel customer feedback and enquiries New service to expedite review...

Abu Dhabi will host a World Bank office

The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...

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...

Emirates NBD launches Emirates Global Sukuk Fund

•    High profit rate, low minimum investment •    Semi-annual income distribution •    Low management fees, award-winning team Emirates NBD announced today the launch of the Emirates Global...

Emirates NBD to utilize services of Fitch Ratings, Moody’s, Capital Intelligence

Emirates NBD discontinues use of S'&'P Ratings Emirates NBD announced today that the company has elected to discontinue use of Standard '&' Poor's...

UAE set to issue banking credit law

The UAE is on the process of issuing a new banking credit law, Minister of Economy HE Sultan Al Mansouri revealed today according the...

AED 3 billion capital increase approved at DIB Extraordinary General Meeting

1.  Assembly approves conversion of AED 3.75 billion deposit into Tier 2 capital of DIB 2. Assembly approves increase of DIB’s capital by AED 3...

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...

One Million Air Miles awarded to HSBC Gold Air Miles Cardholder

A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...

DIB named top performer in UAE banking sector in latest YouGov...

Bank recognised as leader in quality, value for money and corporate reputation in BrandIndex poll Reflecting its unique heritage and focus on customer...

Bank Saudi Fransi builds proactive protection against malicious threats

New IPS strengthens security of BSF’s network and infrastructure running several international and customised banking applications Banque Saudi Fransi (BSF), a Saudi Arabian full service...

Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals

Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...

DED and Mashreq sign agreement to facilitate electronic payment of trade...

The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licenses fees. The...

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...

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...

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...

Dubai Bank signs strategic alliance with SALAMA for Takaful products

1. Wide range of Takaful plans available to Dubai Bank customers 2. Supports customers in addressing education, retirement planning and other short and long-term goals Expanding...