Friday, January 19, 2018


Newcomers to UAE can now benefit from consumer finance products

Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking Focus on customers with less than six month stay in...

‘Best Home Finance Company’ at Banker Middle East Industry Awards

Tamweel PJSC, the UAE Islamic home finance provider, announced today that it has been named the “Best Home Finance Company” at the Banker Middle...

Best Corporate Card for businesses

Emirates NBD wins award for ‘Best Corporate Card’ at Smart Card Awards Middle East Awarded for distinctive expense management features, and control and savings capability First...

Banks offer free air tickets with personal loans

Applies to customers availing personal finance of AED 75,000 and above Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...

Value-packed mortgages for resident expats

Interest rates starting from 4.49 per cent (with fixed rate pricing options for up to 7 years) Up to 85 per cent financing Includes free life,...

MasterCard, Visa warn of credit card data breach

"Massive" breach may affect more than 10 million credit card holders Credit cards compromised between January 21, 2012 and February 25, 2012 MasterCard and Visa said...

Next-generation mobile payment solution launched in UAE

Emirates NBD, Etisalat and Visa  launch next-generation mobile payments solution - MoneyMobile Development of contactless payments using Visa payWave via mobile device NFC mobile payments solution...

UAE bank deposits top a trillion

The UAE's Central Bank announced that total bank deposits in the country increased by 1.5 percent during the month of December 2011 to close...

Money supply in UAE decreased

The UAE's Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion...

Commercial Bank International launches Home Loan

Commercial Bank International (CBI) today announced the launch of its new Home Loan product as part of its overall strategy to expand its product...

Dubai Islamic Bank announces 2011 net profit of AED 1.01 billion

Dubai Islamic Bank announced today its financial results for the year ending December 31, 2011, demonstrating sustained growth across core operations.

Al Islami Business Online for companies

Over 75 services can be accessed online Free set-up until March 31, 2012 As part of its strategy to provide innovative banking services, Dubai Islamic Bank...

UAE Islamic banks account for 30% of global Islamic Banking industry

UAE Islamic financial services sector represented 30% of the global Islamic banking industry in 2011

UAE most competitive banking market in GCC

Abu Dhabi Islamic Bank (ADIB) reports today that the UAE remains the most competitive banking market in the GCC, a key finding from its proprietary “GCC Banking Competitiveness Report.”

AED 55 billion worth of bounced cheques in 2011

UAE central bank reports AED 55 billion worth of bounced cheques in 2011.

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.

S&P reviewing credit ratings of 25 GCC banks

Standard & Poor’s (S&P) is currently reviewing credit ratings on 50 banks in the Middle East and North Africa under a revised set of criteria.

Global Award for Brand Leadership in Banking and Financial Services

Emirates NBD announced today, that it has won the 2011 Global Award for “Brand Leadership in Banking and Financial Services.”

Central Bank of the UAE announces increase in money supply by...

Central Bank of UAE, announced money supply M0 increased by 4.2 per cent from AED 49.9 billion at end of September 2011 to AED 52.0 billion at the end of October of same year.

Emirates NBD unveils largest illuminated National Flag in UAE

Emirates NBD, a leading bank in the region, announced today that it is celebrating the 40th UAE National Day by integrating the “Spirit of the Union” theme across a range of activities

Gulf banks face ‘Skills Shortage’ amid growing demand for financial services

Findings Indicate Gulf Banks Will Focus on Small- and Medium-Sized Businesses, Youth and Women

Banks Holiday on occasion of 40th National Day and Hijri New...

All banks in UAE will remain closed from Thursday 1st December until Saturday 3rd December on the occasion of 40th National Day and Hijri New Year, according to a Central Bank

Banking Innovation Summit: Key drivers for bank’s earnings and sustainability in...

More than 150 C level delegates from banking institutions across the region will be attending the Middle East Banking Innovation Summit set to open tomorrow in...

Bankruptcy and Financial Restructuring Law to apply to individuals in UAE

Bankruptcy and financial restructuring law’s jurisdiction will extend to include individual, civil debt cases, and debt instances concerning certain professionals such as doctors, lawyers and others.