Tuesday, October 23, 2018

National Bank of Abu Dhabi launched a $5 billion euro medium...

National Bank of Abu Dhabi (NBAD) launched a $5 billion euro medium term note programme (EMTN). NBAD is the second largest bank in the...

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...

UAE banks must refrain from offering loans over the phone

In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector. All banks must...

Financial Stability Unit established by the Central Bank

According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...

90 per cent of foreign speculative funds withdrawn from the country

The Emirates News Agency WAM reported that the board of directors of Central Bank discussed on Sunday the current position of liquidity at banks,...

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.

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...

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

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...

Bank of America Merrill Lynch announces Global Corporate Banking Leadership

Bank of America Merrill Lynch today announced that Global Corporate and Investment Banking executive Paul M. Donofrio will lead the company’s Global Corporate...

UAE federal Government to move to 3-year budgets

UAE plans a big makeover with regard to its federal budget, like releasing budgets every three years instead of yearly one at present and...

Central Bank to establish currency printing plant

The Central Bank of the UAE announced today that it has started laying down the bases for constructing a purpose-built building to house...

Shop with Emirates NBD card to win back spend

Emirates NBD, a leading bank in the Middle East, announced today that it has tied up with the Al Towar-based Emirates Co-operative, to give...

American Express® Middle East launches ‘Choose your Prize’ campaign

Campaign to make using American Express Cards even more rewarding Monthly raffle draw gives Cardmembers flexibility to select prizes that match their lifestyles In line with...

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.

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...

Emirates NBD to create up to 300 additional jobs in 2011

Emirates NBD, the UAE’s largest banking institution, is expecting to experience a hiring spree creating between 200 and 300 new jobs for the consumer...

Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals

Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...