Tag: Banking Sector
UAE Central Bank Announces $27.2 Billion Economic Support Scheme
The Central Bank of the UAE, CBUAE, has launched an AED100 billion comprehensive targeted economic support scheme for retail and corporate customers affected by...
Trust in UAE Banking Sector Remains High at 68%
Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of...
Fitch affirms ratings of 11 UAE Banks
“The affirmation of the banks' Long-Term IDRs, Support Ratings and Support Rating Floors, except for Emirates Islamic Bank PJSC (EI) and Commercial Bank International...
Banking sector- the most targeted for cybercrime in UAE
Cyber-attacks have mostly targeted the banking sector, including the ATM and Internet banking applications, in the UAE, a report published in the January issue...
FGB Launches First Gulf Bank Business School
New institution targeted at staff of FGB and subsidiaries to promote Emiratisation in banking sector
Under the patronage of its Chairman HH Sheikh Tahnoon...
UAE most competitive banking market in GCC
Abu Dhabi Islamic Bank (ADIB) reports today that the UAE remains the most competitive banking market in the GCC, a key finding from its proprietary “GCC Banking Competitiveness Report.”
Liquidity improving within the banking system
Though the days of easy credit are a distant memory, there is evidence that liquidity is improving, as the economy emerge from the shadow...
The resurgence of the Middle East cards industry
The last twelve months has seen the Middle Eastern retail banks face the twin challenges in their cards business of security threats and exposure...
Managing liquidity risk is crucial for UAE banks, say global...
1. Global Association of Risk Professionals hosts Dubai forum
2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit
3. Banks’ collective actions in addressing...
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...
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...
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...
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...
Banking on the future
The Emirates National Development Program (ENDP) and HSBC are coming together for an initiative that will, in the coming year, train and develop 200...