Wednesday, September 19, 2018

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...

AED 55 billion worth of bounced cheques in 2011

UAE central bank reports AED 55 billion worth of bounced cheques in 2011.

Emirates NBD and HDFC Bank launch online remittance facility for...

Enables direct remittance of  funds into HDFC Bank accounts Facilitates overseas remittances by Indian expatriate community Emirates NBD, a leading bank in the region, announced today,...

Emirates NBD announces senior appointments

1. Appoints Head of Priority Banking, Vice President for Credit and Collections 2. Industry veterans with nearly 40 years of collective experience to support growth...

UAE Central Bank’s governor calls for reduced interest rates on loans

Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...

Barclays Capital named ‘Best Investment Bank in MENA region’

In recognition of its continued leadership in the investment banking industry, Barclays Capital announced today that it has been named the “Best Investment Bank...

Emirates NBD unveils largest illuminated National Flag in UAE

Emirates NBD, a leading bank in the region, announced today that it is celebrating the 40th UAE National Day by integrating the “Spirit of the Union” theme across a range of activities

Meltdown turns spotlight on Islamic finance

The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...

Emirates NBD Private Banking named ‘Best Local Bank’ in UAE by...

Significant recognition for Emirates NBD in annual survey of private bankers worldwide Fourth such accolade for Emirates NBD Private...

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...

The next crisis: Credit Card Debt

Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...

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 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...

United Arab Bank Launches Islamic Credit Card

United Arab Bank (UAB) announces the launch of its first global Islamic Credit Card with a distinctive vertical design that makes it unique to...

UAE Credit Cards immune to Low Interest Rates

Interest rates are the lowest they have been in decades. But there is a little indication the customers of U.A.E. banks are benefiting. This...

Emirates NBD Business Banking sponsors TECOM SME Builder

First of four workshops held in 2010 Aimed at providing cutting edge solutions to SME owners Quarterly workshops facilitate interaction with industry experts In...

UAE federal Government to move to 3-year budgets

UAE plans a big makeover with regard to its federal budget, like releasing budgets every three years instead of yearly one at present and...

Central Bank backs banks operating in UAE

Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country. Central Bank...