Wednesday, April 25, 2018

Banking

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.

UAE Central Bank approves budget for fiscal year 2012

Board of Directors of Central Bank of the UAE held its 12th meeting for the year 2011 and approved the budget for fiscal year 2012.

ADCB launches Offshore Banking

Abu Dhabi Commercial Bank launched of ADCB Offshore Banking through its Jersey branch to cater to bank's high net worth clients and Privilege Club members

Global Islamic banking assets to reach $1.1 Tn in 2012

Global Islamic banking assets with commercial banks to reach $1.1 Tn in 2012, up 33% from US$826 Bn in 2010: Ernst & Young

First Gulf Bank sponsors Investor Relations Best Practice Awards

First Gulf Bank to be a silver sponsor of the Middle East – Investor Relations Society Annual Conference and Investor Relations Best Practice Awards

Emirates NBD region’s ‘Outstanding Private Bank’

Prestigious accolade presented to Emirates NBD Private Banking at PBI Global Wealth Awards in Singapore

Leading Swiss Private Bank opens for customers in DIFC

Swiss Private Bank Vontobel launches Private Banking activities in Dubai

First Gulf Bank Q3 Net Profit rises 8%

Consistent net profit growth for the fifth consecutive quarter, Q3 2011 net profit up 8% compared to same quarter last year and 3% compared...

Dubai Islamic Bank wins ‘Credit Excellence Award’

Bank’s Retail Credit Department recognised at leading credit, collections and risk conference in London Award highlights bank’s overall focus on international best practice risk management Dubai...

Emirates Development Bank estblished with a Federal Law

Possessing a capital of AED 10 billion, the EDB will aid in promoting economic growth for the UAE HE Al Tayer said HE Obaid Humaid...

Central Bank of UAE launches International Bank Account Number

The Central Bank of the UAE today announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank...

United Arab Bank Financial Results for firts nine months of 2011

Operating Profit up by 20% to AED 281 million Loans and advances up 38% to AED 7.6 billion Customer deposits up 39% to AED 6.7 billion Net...

Commercial Bank of Dubai to provide Factoring Services to corporate and...

Commercial Bank of Dubai (CBD) announced today that it had signed a partnership agreement with Coface Emirates Services Limited to provide Factoring Services to...

Barclays opens Islamic window in Dubai International Financial Centre

Barclays Bank plc announced today that it has received approval to operate an Islamic Window in the Dubai International Financial Centre (DIFC), enabling it...

Services of Dubai Municipality, RTA, DED and DCCI now payable via...

  Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...

Emirates NBD wins Marketing Department of the Year at 2011 International...

Also recognised as Distinguished Honoree for “Truth and Reality” Campaign Highlights achievement of Emirates NBD’s international brand building strategy Recipients of International Stevie Award trophies were...

Emirates NBD named Asia’s Best Brand at 2011 CMO Asia Awards

Award recognises mind, market and commitment share of Emirates NBD brand among consumers Highlights achievement of Emirates NBD’s international expansion strategy Emirates NBD, a leading bank...

UAE Central Bank will keep Dollar Peg

The United Arab Emirates will keep its dollar peg despite  S&P's downgrade of the U.S. economy, according to a central bank official comments to...

Financial Health Check program launched during Ramadan in UAE

  Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today the launch of its Financial Health Check program as part...

HSBC to cut 30,000 jobs worldwide

International banking giant HSBC confirmed on Monday it would cut a further 25,000 jobs between now and 2013 as part of a broader cost-cutting...

DIB announces first half 2011 net profit up 10 per cent

Total assets stand at AED 102.9 billion, up 14 per cent Second quarter 2011 net profit reaches AED 331 million, up 50 per cent from...

UAE Central Bank Statement on U.S. Public Debt

"Due to the controversy at the legislative authorities in the US, around the public debt of the US Government,  we have received some questions...

Bank of Sharjah signs club term loan facility

Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...

Emirates NBD, MasterCard to launch Titanium Credit Card

Focus on lifestyle benefits, superior rewards and robust security features New Titanium credit card caters to fast growing emerging affluent segment Emirates NBD, a leading bank...