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...

US Federal Reserve System Raises Base Interest Rate

The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...

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...

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...

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...

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...

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...

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 banks agree on “mini insolvency law” to help struggling SMEs

UAE banks have agreed to halt criminal prosecutions for bounced cheques drawn by small to medium-sized business customers under a “rescue initiative" launched by...

Layoffs in UAE banking industry on the rise

According to recent Reuters and Bloomberg reports, layoffs within UAE's banking industry are on the rise despite that the majority of banks reported strong...

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...

FGB, NBAD Merger Creates World’s Largest Financial Institution

FGB and NBAD announce the new name of the combined bank New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...

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...

Best Corporate Card for businesses

Emirates NBD wins award for ‘Best Corporate Card’ at Smart Card Awards Middle East Awarded for distinctive expense management features, and control and savings capability First...

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...

Emerging Markets Retail Banking Growth Slows

Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...

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,...

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...