How Banks Can Improve Their Social Media Presence
Every week there are new studies that try to analyze the tendencies in social media. Recently, one such study found that the banking industry...
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...
UAE Consumers on Spending Sprees
Deposits decreased, loans increased
The UAE Central Bank today announced that money supply M0 (currency in circulation + currency at banks) increased by 0.4%, from...
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...
GCC Central Bank procedures in final phases
Kuwaiti Finance Minister Mustafa Al-Shemali reiterated on Sunday that the establishment of the GCC Central bank is in its final phases, pointing out that the concerned states which joined the GCC union are implementing this agreement.
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...
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 offers discounts at 50 top Abu Dhabi restaurants
Middle East’s leading bank extends further privileges to its cardholders
In line with its ongoing commitment to provide its customers with a...
Banks ordered not to publish audited annual accounts
UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008Â results, according an article...
Punjab National Bank Granted License to Operate from DIFC
DIFC is Strategic Base for Bank's Middle East and Africa Operations
Punjab National Bank (PNB), India's No.1 ranked nationalized bank, has received a license to...
UAE Central Bank sets up crisis committee with banks
Representatives of the Central Bank of the UAE and major national banks met yesterday to discuss the challenges faced by the UAE banking system...
Abu Dhabi will host a World Bank office
The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...
Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals
Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...
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...
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...
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...
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...
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...