UAE amends terms for key lending facility
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...
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...
Preparing Emiratis for leadership roles in banking
Dubai Islamic Bank (DIB) announced today the launch of its second Qiyadee programme to develop a core group of employees to assume managerial positions...
Emirates NBD launches online customer care platform
Provides dedicated webpage on bank website to channel customer feedback and enquiries
New service to expedite review...
Community Development Authority signs MoU with Emirates NBD
To jointly launch a programme on finance management
The Community Development Authority (CDA) signed a Memorandum of Understanding (MoU) with Emirates NBD to strengthen mutual...
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 2008Â results, according an article...
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
...
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
Emaar extends the time for mortgage repayments
Customers of Emaar Properties have been given a breather in terms of extending the time for repayment of mortgages, a senior official of the...
DED and Commercial Bank of Dubai sign agreement to facilitate electronic...
The Dubai Department of Economic Development (DED) and Commercial Bank of Dubai (CBD) have signed a co-operation agreement to give customers the option...
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...
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...
Talal Mohammed Al-Mazrooei appointed Head of Sales at Emirates NBD
Strengthens bank’s outreach strategy in Dubai and Northern Emirates
Appointment of young UAE national in line with bank’s...
Emirates NBD opens first Private Banking Centre in Abu Dhabi
Expansion of bank’s Private Banking services in line with increasing client demand
In line with increasing demand for its bespoke wealth management solutions,...
United Arab Bank hosts Trade Finance Workshop for its Customers
United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB’s previous workshop in...
UAE Consumers on Spending Sprees
Deposits decreased, loans increased
The UAE Central Bank today announced that money supply M0 (currency in circulation + currency at banks) increased by 0.4%, from...
Barclays Capital named ‘Best Investment Bank in MENA region’
In recognition of its continued leadership in the investment banking industry, Barclays Capital announced today that it has been named the “Best Investment Bank...
RAKBANK Achieves 13% Growth in First Quarter Profits
RAKBANK has reported a net profit of AED 160.37 million for the first quarter of 2009, a 12.7% increase over the same period last...