Tuesday, May 22, 2018

Banking

UAE had refrained from matching a Federal Reserve interest rate cut

UAE interbank rates have barely reacted to a slew of government and central bank measures to enhance liquidity and improve confidence in the banking...

Dubai Islamic Bank opens new branch in Kalba, Sharjah

Bank’s UAE-wide branch network increases to 51 Dubai Islamic Bank (DIB) announced today the opening of a new branch in Kalba, Sharjah, increasing its...

Six banks control 60 pc of assets in UAE

Emirates NBD alone holds 20pc Six large banks in the UAE control close to 60 per cent of the total assets held by the country's...

Abu Dhabi Finance established

Abu Dhabi's five largest companies: Mubadala Development, Abu Dhabi Commercial Bank, Aldar Properties, Sorouh Real Estate and the Tourism Development and Investment Company, will...

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...

Dubai Islamic Bank supports Central Bank calls for healthy loan-to-deposit ratios

Standard and Poor’s highlights DIB’s favorable position among peers Dubai Islamic Bank (DIB) today offered its full support to calls made by His Excellency...

Financial Stability Unit established by the Central Bank

According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...

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...

UAE set to issue banking credit law

The UAE is on the process of issuing a new banking credit law, Minister of Economy HE Sultan Al Mansouri revealed today according the...

Dubai Islamic Bank launches Al Islami Business Accounts

Dubai Islamic Bank (DIB) has announced the launch of Al Islami Business Accounts, a new product in DIB’s business banking portfolio, offering banking...

UAE Banks will continue financing the economic sector

Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...

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...

Finance ministry begins disbursing 2nd tranche of Government support to banks

UAE Ministry of Finance announced that after its completion of paying the first tranche of the Banking Support facility declared by the Government,...

ADCB announces Q3 profits

Abu Dhabi Commercial Bank (ADCB) reported a net profit of AED1, 620million for the nine month period ending September 30th, 2008, reflecting an increase...

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 takes preventive measures to face global financial crisis

President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...

UAE banks have no exposure to Lehman’s fall-out

The UAE banks have virtually no exposure to Lehman Brothers and that there was no systemic risk in the UAE as a result of...

90 per cent of foreign speculative funds withdrawn from the country

The Emirates News Agency WAM reported that the board of directors of Central Bank discussed on Sunday the current position of liquidity at banks,...

Money laundering in focus

The first meeting of the Board of Directors of the UAE Central Bank in the current year discussed its strategy and mechanism to combat...

Hydra Properties signs historic mortgage agreement with NOOR Islamic Bank

The real estate pioneer gives customers options of Sharia compliant financing Hydra Properties, the leading UAE-based international property developer, today announced signing a historic...

Banking on the future

The Emirates National Development Program (ENDP) and HSBC are coming together for an initiative that will, in the coming year, train and develop 200...

Dubai First launches complete corporate solutions payment package

Dubai First MasterCard Corporate Card Sets New Service Benchmark Dubai First, the consumer finance company of Dubai Group, a member of Dubai Holding, in association...

Mortgages for the self-employed

Securing a home loan in Dubai is rarely a straightforward process, but some situations and circumstances make the process even more challenging. Among the people...

Islamic banking makes rapid strides

Islamic banks have become an increasingly important part of the UAE system making rapid strides along the way. Islamic banks have increased their share...