Monday, July 16, 2018

Banking

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 opens first Private Banking Centre in Abu Dhabi

Expansion of bank’s Private Banking services in line with increasing client demand In line with increasing demand for its bespoke wealth management solutions,...

UAE banks must refrain from offering loans over the phone

In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector. All banks must...

UAE Real Estate Bank established

New entity to provide strong growth platform for real estate financing Combined entity will be Sharia-compliant UAE Ministry of Finance has announced that it started...

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...

Secrets of Kuwaiti Ultra High Net Worth, Revealed by a Swiss...

Research conducted by Heinrich Weber, Swiss Banker and author of ‘The Ultra High Net Worth Banker's Handbook,’ estimates that there are 150...

Money supply in UAE decreased

The UAE's Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion...

Emirates NBD named Asia’s Best Brand at 2011 CMO Asia Awards

Award recognises mind, market and commitment share of Emirates NBD brand among consumers Highlights achievement of Emirates NBD’s international expansion strategy Emirates NBD, a leading bank...

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...

Services of Dubai Municipality, RTA, DED and DCCI now payable via...

  Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...

Emirates NBD unveils first rebranded branch

Emirates NBD, the Middle East’s largest bank by asset size, unveiled today its first fully rebranded branch, reflecting the successful conclusion of...

HSBC and Lloyds TSB tightened their lending criteria

Two of the largest U.K. banks - HSBC Holdings Plc and Lloyds TSB Group Plc are reducing lending as the credit crunch begins to...

United Arab Bank Financial Results for firts nine months of 2011

Operating Profit up by 20% to AED 281 million Loans and advances up 38% to AED 7.6 billion Customer deposits up 39% to AED 6.7 billion Net...

Commercial Bank of Dubai to provide Factoring Services to corporate and...

Commercial Bank of Dubai (CBD) announced today that it had signed a partnership agreement with Coface Emirates Services Limited to provide Factoring Services to...

First Gulf Bank launches Personal Budgeter Savings Application

Initiative is in line with FGB’s understanding of the market and its commitment to providing innovative products User-Friendly Savings Aid Application Tailored to Fit the...

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...

Abu Dhabi will host a World Bank office

The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday...

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...

Emirates NBD showcases consumer finance products at Arabian Centre mall

Bank to offer guidance on personal finance solutions at third outreach event at local shopping centre In line with its commitment to reach...

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...

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...

Next-generation mobile payment solution launched in UAE

Emirates NBD, Etisalat and Visa  launch next-generation mobile payments solution - MoneyMobile Development of contactless payments using Visa payWave via mobile device NFC mobile payments solution...

Emirates Islamic Bank launches Ramadan Promotion

Emirates Islamic Bank get into the spirit of Ramadan by launching INTALEQ (Vehicle Finance) Promotion. This new Sharia-compliant vehicle finance promotion will run until...

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,...