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Bounced cheques need closer attention

Bounced cheques - dealing with the problem Bounced cheques have turned into an ongoing problem and are on the rise since the beginning of the...

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 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...

One Million Air Miles awarded to HSBC Gold Air Miles Cardholder

A million possibilities to enjoy endless rewards await one lucky Cardholder of the recently launched exclusive Gold Air Miles Card, for being the first...

Loan losses of Gulf banks to drop, according Fitch

Fitch Ratings has said that banks in the GCC region are likely to report lower loan and investment losses in 2011 because impairments have...

Best Corporate Card for businesses

Emirates NBD wins award for ‘Best Corporate Card’ at Smart Card Awards Middle East Awarded for distinctive expense management features, and control and savings capability First...

RBS Coutts furthers NRI initiative in the Middle East with key...

RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, today announced the appointment of Santosh Keni as Head of...

‘Best Home Finance Company’ at Banker Middle East Industry Awards

Tamweel PJSC, the UAE Islamic home finance provider, announced today that it has been named the “Best Home Finance Company” at the Banker Middle...

MasterCard, Visa warn of credit card data breach

"Massive" breach may affect more than 10 million credit card holders Credit cards compromised between January 21, 2012 and February 25, 2012 MasterCard and Visa said...

FGB, NBAD Merger Creates World’s Largest Financial Institution

FGB and NBAD announce the new name of the combined bank New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...

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...

Emirates NBD introduces seed capital initiative for UAE nationals

•    Opportunity for young Emirati entrepreneurs to start up own business •    In line with strong commitment to supporting UAE nationals Emirates NBD, the largest banking...

UAE Central Bank sets up crisis committee with banks

Representatives of the Central Bank of the UAE and major national banks met yesterday to discuss the challenges faced by the UAE banking system...

UBS appoints Anthony Iliya as CEO MENA

UBS today announced the appointment of Anthony Iliya (56) as CEO for Middle East and North Africa. Iliya, who will...

Dubai Bank signs strategic alliance with SALAMA for Takaful products

1. Wide range of Takaful plans available to Dubai Bank customers 2. Supports customers in addressing education, retirement planning and other short and long-term goals Expanding...

Emirates NBD launches online customer care platform

Provides dedicated webpage on bank website to channel customer feedback and enquiries New service to expedite review...

Community Development Authority signs MoU with Emirates NBD

To jointly launch a programme on finance management The Community Development Authority (CDA) signed a Memorandum of Understanding (MoU) with Emirates NBD to strengthen mutual...

United Arab Bank hosts Trade Finance Workshop for its Customers

United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB’s previous workshop in...