Bank of Sharjah signs club term loan facility
Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...
FAB Shareholders Approve Hefty Cash Dividend
First Abu Dhabi Bank (FAB) concluded its Annual General Meeting (AGM) today at FAB’s headquarters in Abu Dhabi. All items on the agenda were...
Banks to provide financing to Bloom Gardens project
Three banks in Abu Dhabi have agreed to provide finance to buyers of units at the Dh2 billion Bloom Gardens project, reported Business 24/7.
The...
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 launches online customer care platform
Provides dedicated webpage on bank website to channel customer feedback and enquiries
New service to expedite review...
Emirates Islamic Bank integrates Emcredit services to efficiently manage risk
1. Bank to use Credit Scope to mitigate risk; calls for greater information sharing and increased transparency
2. Joins Emcredit’s growing member base
In a...
Emirates NBD wins Banker Middle East – Products Award for Best...
Winners selected by poll of 10,500 financial services professionals
Emirates NBD builds on 2009 award for Best Retail Bank
Emirates...
One Million Air Miles awarded to HSBC Gold Air Miles Cardholder
A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...
Emirates NBD opens branch at Emaar Business Park
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the opening of a new branch ...
Global Islamic banking assets to reach $1.1 Tn in 2012
Global Islamic banking assets with commercial banks to reach $1.1 Tn in 2012, up 33% from US$826 Bn in 2010: Ernst & Young
S&P reviewing credit ratings of 25 GCC banks
Standard & Poor’s (S&P) is currently reviewing credit ratings on 50 banks in the Middle East and North Africa under a revised set of criteria.
RBS Coutts furthers NRI initiative in the Middle East with key...
RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, today announced the appointment of Santosh Keni as Head of...
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 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...
Dubai lslamic Bank launches new Al Islami Online Banking
1.New system offers array of faster and easier transactions
2.Allows access to over 50 different services
3.New system protected by state-of-art security enhancements
In line with its...
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...
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...
Central Bank approves regulation for classification of loans
The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...