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Banks

GCC banks report marginal growth in profitability, with UAE leading

Net profits of GCC banks under our coverage increased 1.3% YoY to USD4.4bn in 3Q13. On a YoY basis, net profits of banks the...

UAE banks assets rise 8% in 2012

The Board of Directors of UAE Banks Federation held its first meeting at the Mashreq Bank Headquarter in Dubai, Headed by H.E. AbdulAziz Abdulla...

Middle East banking industry registered 6.9% increase in 2012, says study

According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East settled at single digit revenue growth...

Abu Dhabi banks keep growing

Growth in lending across Abu Dhabi’s top banks kept its slow pace during the first half of 2012. Profits, however, were higher than those...

How Banks Can Improve Their Social Media Presence

Every week there are new studies that try to analyze the tendencies in social media. Recently, one such study found that the banking industry...

UAE banking profits seen soaring

UAE banking profits seen soaring at 22%YoY in 2012 Banks are nearing end of the NPL cycle but risks remain ADCB & ENBD are most susceptible...

Top-line performance of GCC banks continues to improve

GCC banking profitability rose 8%YoY GCC banks witness 67%YoY jump in provisions, driven largely by Kuwait All countries under coverage performed poorly than expected in the...

UAE most competitive banking market in GCC

Abu Dhabi Islamic Bank (ADIB) reports today that the UAE remains the most competitive banking market in the GCC, a key finding from its proprietary “GCC Banking Competitiveness Report.”

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

Banks have problems, because they are greedy

A worrying culture of greed, increasing pressure from regulations, “rubbish” advertising and growing opportunities in Qatar were the key topics that topped a packed...

Linklaters opens an office in Abu Dhabi

Linklaters, the global law firm, has launched its newest office in Abu Dhabi, further strengthening the firm’s well-established presence in the Middle East. The launch...

UAE Central Bank’s governor calls for reduced interest rates on loans

Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...

If you are into stocks, follow the big money

Higher energy prices, Japan supply chain disruptions and fear of continuous depreciation of the U.S. dollar were supposed to scare investors off tacking risks...

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...

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...