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...

Standard Chartered holds Ground Breaking Ceremony for its New Dubai Head...

Following excellent financial results for the year 2010, Standard Chartered has held a groundbreaking ceremony to launch the construction of its new office premises...

UBS appoints Ali Janoudi to Middle East and North African role

UBS today announces the appointment of Ali Janoudi, who will be responsible for the Saudi Arabia and Near East/Northern Africa Wealth Management business in...

Central Bank backs banks operating in UAE

Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country. Central Bank...

HSBC and Lloyds TSB tightened their lending criteria

Two of the largest U.K. banks - HSBC Holdings Plc and Lloyds TSB Group Plc are reducing lending as the credit crunch begins to...

Central Bank announces increase in money supply

The Central Bank of UAE announced today that the money supply M0 (currency in circulation + currency at banks) increased by 2.3%, from AED...

Banking on the future

The Emirates National Development Program (ENDP) and HSBC are coming together for an initiative that will, in the coming year, train and develop 200...

AED 3 billion capital increase approved at DIB Extraordinary General Meeting

1.  Assembly approves conversion of AED 3.75 billion deposit into Tier 2 capital of DIB 2. Assembly approves increase of DIB’s capital by AED 3...

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...

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...

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...

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...