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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...

Newcomers to UAE can now benefit from consumer finance products

Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking Focus on customers with less than six month stay in...

HSBC to cut 30,000 jobs worldwide

International banking giant HSBC confirmed on Monday it would cut a further 25,000 jobs between now and 2013 as part of a broader cost-cutting...

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...

First Gulf Bank Q3 Net Profit rises 8%

Consistent net profit growth for the fifth consecutive quarter, Q3 2011 net profit up 8% compared to same quarter last year and 3% compared...

UAE Central Bank announced mortgage-loans limits

The Central Bank of the United Arab Emirates last week approved the decision to increase the recently proposed mortgage-loans limits. Initially, the proposed mortgage...

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...

Secrets of Kuwaiti Ultra High Net Worth, Revealed by a Swiss...

Research conducted by Heinrich Weber, Swiss Banker and author of ‘The Ultra High Net Worth Banker's Handbook,’ estimates that there are 150...

UAE Central Bank kicks off Direct Debit System

Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...

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...

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...

UAE Central Bank to launch discount window for banks

The United Arab Emirates central bank aims to develop its monetary policy framework by launching a discount window to enable banks to borrow intra-day...

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...

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...

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...

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...

AED 55 billion worth of bounced cheques in 2011

UAE central bank reports AED 55 billion worth of bounced cheques in 2011.

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...