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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.”

Middle East banking industry registered 6.9% increase in 2012, says study

According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East settled at single digit revenue growth...

Emirates NBD launches Emirates MENA Fixed Income Fund

High-yield investment opportunity, estimated yield of circa 6 per cent Option of semi-annual income distribution 40-strong professional ...

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

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...

Bank of Sharjah mandates a group of banks for a syndicated...

The Bank of Sharjah (BOS) issued today a statement in relation to the news that appeared in some local newspapers dated July 11, 2011,...

Fitch affirms ratings of 11 UAE Banks

“The affirmation of the banks' Long-Term IDRs, Support Ratings and Support Rating Floors, except for Emirates Islamic Bank PJSC (EI) and Commercial Bank International...

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...

Emerging Markets Retail Banking Growth Slows

Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...

Managing liquidity risk is crucial for UAE banks, say global...

1. Global Association of Risk Professionals hosts Dubai forum 2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit 3. Banks’ collective actions in addressing...

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 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...

Emirates NBD opens branch at The Residences

Conveniently located branch serves residents, visitors to Downtown Dubai, Dubai Mall, Burj Khalifa Second Emirates NBD branch to open in 2010 Emirates NBD, the largest banking...

One Million Air Miles awarded to HSBC Gold Air Miles Cardholder

A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...

EmiratesNBD opens branch in London

UAE Ambassador to the United Kingdom Abdul Rehman Al-Mutawwa opened the new EmiratesNBD Bank. Emirates Bank and the National Bank of Dubai were merged in...

Banks ordered not to publish audited annual accounts

UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008 results, according an article...

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

Islamic banking makes rapid strides

Islamic banks have become an increasingly important part of the UAE system making rapid strides along the way. Islamic banks have increased their share...