Wednesday, July 18, 2018

Banking

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 Central Bank kicks off Direct Debit System

Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...

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...

Dubai Holding to Launch Region’s First Digital Bank

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...

Middle East banks to get richer

Banks in the Middle East seize opportunities for global expansion Bank M&A transactions set to outpace GDP growth in emerging markets World trade flows, increased gross...

UAE Central Bank announced mortgage-loans limits

The Central Bank of the United Arab Emirates last week approved the decision to increase the recently proposed mortgage-loans limits. Initially, the proposed mortgage...

GCC GDP on Growth Path despite Oil Price Decline

Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the...

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...

GCC banks report marginal growth in profitability, with UAE leading

Net profits of GCC banks under our coverage increased 1.3% YoY to USD4.4bn in 3Q13. On a YoY basis, net profits of banks the...

UAE Central Bank to introduce the Direct Debit System

The Central Bank of UAE has announced the introduction of the ‘Direct Debit System' in the UAE with effect from 15th June 2013, according...

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...

UAE Central Bank to launch discount window for banks

The United Arab Emirates central bank aims to develop its monetary policy framework by launching a discount window to enable banks to borrow intra-day...

First Home-grown Wholesale Islamic Bank to Open in DIFC

Dubai Investments PJSC , the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors...

GCC banks report single digit profit growth

Net earnings of GCC banks under Global Investment House's coverage increased 4.7%YoY to USD5.3bn in 4Q15. Net profit of banks in the UAE increased the...

What Changed in Swiss Gold Banking?

What the Swiss banks' move away from unallocated accounts says about gold, and about banking... IMAGINE you could sell someone something, but keep ownership of...

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...

Bounced cheques need closer attention

Bounced cheques - dealing with the problem Bounced cheques have turned into an ongoing problem and are on the rise since the beginning of the...

Pride and Frustration in Gulf Banks

Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...

How Banks Can Improve Their Social Media Presence

Every week there are new studies that try to analyze the tendencies in social media. Recently, one such study found that the banking industry...

Middle East banking industry registered 6.9% increase in 2012, says study

According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East settled at single digit revenue growth...

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...

Trillion is The New Billion

One Trillion Dollars Visualized from www.mint.com It's official, trillion is the new billion! No longer is government spending around the world talked about in terms of...

UAE looks forward to direct debiting

According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...

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...