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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...

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...

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...

Bank Chiefs Optimistic About the Future

After years of relentless focus on costs, settlements and regulations, the future of banking is looking brighter, agreed panellists in a session at the...

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...

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...

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...

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...

KAMCO wins “Best Debt Bank in the Middle East – 2019”

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, won the “Best Debt Bank in the Middle...

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...

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...

Have you heard that secondary mortgages are temporary suspended?

"Dubai Bank today suspended all approvals of mortgages for secondary market purchases. Until further notice they will only lend for off plan developments. Several...

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...

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...

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...

Banks offer free air tickets with personal loans

Applies to customers availing personal finance of AED 75,000 and above Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...

Financial Health Check program launched during Ramadan in UAE

  Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today the launch of its Financial Health Check program as part...

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...