UAE Banking Sector Poised for Growth in 2022
The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of...
GCC Consumers Opt for Digital Banking Services Post Covid-19
77% of respondents in the GCC access digital banking services at least once a week.
44% are willing to switch to a different bank due...
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...
Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19
Credit misallocation causing lasting risks to economies, and needs course-correction
Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...
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...
Dubai Economy, CBD To Provide Banking Services for DED Trader Licence...
Enables startups in Dubai to leverage online and social media for business growth
Further promotes and facilitates ease of doing business in Dubai
...
Dubai Banks Announce Business Relief Package
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...
FAB Implements Support Measures In Response To COVID-19
FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...
Region’s Largest Open Banking Platform Launches In UAE
MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai
Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...
PayBy App Facilitates Contactless Payment for Government Services
PayBy joins Abu Dhabi Pay, the digital payment platform for Abu Dhabi government services
Partnership simplifies digital payment mechanisms for customers and businesses
The Abu Dhabi...
Liv. Launches UAE’s Most Flexible Credit Card
Liv., the digital only lifestyle bank by Emirates NBD, is expanding its millennial-friendly proposition with the launch of a unique credit card programme. The...
UAE Central Bank to Cut Interest Rates by 75 Basis Points
The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...
Emirates NBD Marks Financial Wellness Month in April
Renewed commitment to customers’ financial wellness
Bank’s #moneywise platform advocates healthy financial behaviours and habits.
Joining the global effort to bring attention to financial literacy this...
FAB Shareholders Approve Distribution of 74% Cash Dividends
All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share
New elected FAB board expands from 9...
MEA Retail Banks Strongest Believers in Cashless Society
Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models
6 in 10 banking executives in the Middle...
Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...
The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...
Emirates NBD to create up to 300 additional jobs in 2011
Emirates NBD, the UAE’s largest banking institution, is expecting to experience a hiring spree creating between 200 and 300 new jobs for the consumer...
Central Bank reduces interest rate on liquidity support facilities to 1.5%
H.E. Khalil Mohamed Sharif Foulathi, Chairman of the Board of Directors of the Central Bank of UAE, announced today that, with effect from Tuesday,...