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Meltdown turns spotlight on Islamic finance

The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...

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...

S&P reviewing credit ratings of 25 GCC banks

Standard & Poor’s (S&P) is currently reviewing credit ratings on 50 banks in the Middle East and North Africa under a revised set of criteria.

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...

GCC Central Bank procedures in final phases

Kuwaiti Finance Minister Mustafa Al-Shemali reiterated on Sunday that the establishment of the GCC Central bank is in its final phases, pointing out that the concerned states which joined the GCC union are implementing this agreement.

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...

Emirates NBD launches Emirates Global Sukuk Fund

•    High profit rate, low minimum investment •    Semi-annual income distribution •    Low management fees, award-winning team Emirates NBD announced today the launch of the Emirates Global...

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...

UAE Central Bank to introduce the Direct Debit System

The Central Bank of UAE has announced the introduction of the ‘Direct Debit System' in the UAE with effect from 15th June 2013, according...

Emirates NBD, MasterCard to launch Titanium Credit Card

Focus on lifestyle benefits, superior rewards and robust security features New Titanium credit card caters to fast growing emerging affluent segment Emirates NBD, a leading bank...

State Bank of India launches Corporate Banking Services from DIFC

Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...

Abu Dhabi Finance established

Abu Dhabi's five largest companies: Mubadala Development, Abu Dhabi Commercial Bank, Aldar Properties, Sorouh Real Estate and the Tourism Development and Investment Company, will...

Pride and Frustration in Gulf Banks

Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...

Banks offer free air tickets with personal loans

Applies to customers availing personal finance of AED 75,000 and above Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...

UAE set to issue banking credit law

The UAE is on the process of issuing a new banking credit law, Minister of Economy HE Sultan Al Mansouri revealed today according the...

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...
Dubai Banks

Dubai Banks Announce Business Relief Package

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...

AED 55 billion worth of bounced cheques in 2011

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