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...
Citi reports security breach; 360 000 credit cards were affected
US banking giant Citigroup had told its clients that about 360,000 credit cards were affected by an online hacking attack in May.
Citigroup reported that...
Retail loans expected to lift earnings for UAE banks
Commenting on the Retail loans expected to lift earnings for UAE banks, Clint Dempsey who is is a Principal Associate in the Banking and...
US Federal Reserve System Raises Base Interest Rate
The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...
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...
Middle East banks to get richer
Banks in the Middle East seize opportunities for global expansion
Bank M&A transactions set to outpace GDP growth in emerging markets
World trade flows, increased gross...
UBS appoints Anthony Iliya as CEO MENA
UBS today announced the appointment of Anthony Iliya (56) as CEO for Middle East and North Africa. Iliya, who will...
Emirates NBD launches Emirates Global Sukuk Fund
•   High profit rate, low minimum investment
•   Semi-annual income distribution
•   Low management fees, award-winning team
Emirates NBD announced today the launch of the Emirates Global...
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
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...
UAE had refrained from matching a Federal Reserve interest rate cut
UAE interbank rates have barely reacted to a slew of government and central bank measures to enhance liquidity and improve confidence in the banking...
Middle East Credit Reporting Association formed
1. Non-profit voluntary organisation to create awareness and promote credit reporting in region
2. Neutral body to facilitate credit information sharing on companies and individuals...
Pride and Frustration in Gulf Banks
Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...
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...
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...
Bank frauds on rise
Dubai banks customers have been asked to be on alert following recent cases of rise in illegal money transfers. A series of credit card...
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