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...
Emirates NBD partners with Dubai Aquarium & Underwater Zoo for...
Emirates NBD, a leading bank in the Middle East, has signed an agreement to partner with Dubai Aquarium & Underwater Zoo, managed by Emaar...
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...
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,...
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...
The resurgence of the Middle East cards industry
The last twelve months has seen the Middle Eastern retail banks face the twin challenges in their cards business of security threats and exposure...
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...
UAE Banking Sector Outlook
At the start of the year, analysts expected a binary scenario for UAE banks in 2010 on the back of a slow but steady...
Emirates NBD announces senior appointments
1. Appoints Head of Priority Banking, Vice President for Credit and Collections
2. Industry veterans with nearly 40 years of collective experience to support growth...
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...
State Bank of India launches Corporate Banking Services from DIFC
Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...
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 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...
Dubai Holding to Launch Region’s First Digital Bank
Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...
Best Global Emerging Markets Bank
Citi was named Best Global Emerging Markets Bank and Best Global Transaction Banking House by Euromoney magazine as part of its Euromoney Awards for...
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...
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...
Bank Saudi Fransi builds proactive protection against malicious threats
New IPS strengthens security of BSF’s network and infrastructure running several international and customised banking applications
Banque Saudi Fransi (BSF), a Saudi Arabian full service...