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...
Moody’s new UAE Banking System Outlook negative
The fundamental credit outlook for the banking sector of the United Arab Emirates (UAE) is negative, reflecting growing pressures in the operating environment, which...
The Central Bank plans Dirham-Dollar Swaps to support banks
The United Arab Emirates central bank said on Wednesday it would provide UAE dirham-U.S. dollar swap facilities to banks to further support the 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...
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...
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...
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...
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,...
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...
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...