Central Bank of UAE launches International Bank Account Number

The Central Bank of the UAE today announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank...

Banks to provide financing to Bloom Gardens project

Three banks in Abu Dhabi have agreed to provide finance to buyers of units at the Dh2 billion Bloom Gardens project, reported Business 24/7. The...

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...

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...

Abu Dhabi will host a World Bank office

The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday...

Emirates Development Bank estblished with a Federal Law

Possessing a capital of AED 10 billion, the EDB will aid in promoting economic growth for the UAE HE Al Tayer said HE Obaid Humaid...

Dubai First launches complete corporate solutions payment package

Dubai First MasterCard Corporate Card Sets New Service Benchmark Dubai First, the consumer finance company of Dubai Group, a member of Dubai Holding, in association...

UAE Banks will continue financing the economic sector

Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...

Emirates NBD holds community event at The Residences branch

In line with bank’s commitment to reach out to customers in their local community Emirates NBD, the Middle East’s largest bank by ...

UAE Banking Sector Outlook

At the start of the year, analysts expected a binary scenario for UAE banks in 2010 on  the back of a slow but steady...

Bank of Egypt waives charges on remittances in Egyptian Pound from...

All charges against money transfers from UAE to Egypt in Egyptian Pound through the branches of Bank of Egypt in the UAE have been...

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...

Emirates NBD ranked No. 1 banking brand in Middle East

Underlines strength of new unified brand Findings based on brand value and brand performance In its first year of participation under its...

Central Bank approves regulation for classification of loans

The Board of Directors of Central Bank of the UAE held its 6th meeting for the year under the chairmanship of Khalil Mohammed...

Emirates NBD wins Marketing Department of the Year at 2011 International...

Also recognised as Distinguished Honoree for “Truth and Reality” Campaign Highlights achievement of Emirates NBD’s international brand building strategy Recipients of International Stevie Award trophies were...