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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...
Consumer appetite for digital banking services continues to grow in the countries of the Gulf Cooperation Council (GCC).

GCC Consumers Opt for Digital Banking Services Post Covid-19

77% of respondents in the GCC access digital banking services at least once a week. 44% are willing to switch to a different bank due...

Barclays Capital named ‘Best Investment Bank in MENA region’

In recognition of its continued leadership in the investment banking industry, Barclays Capital announced today that it has been named the “Best Investment Bank...

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...

UAE amends terms for key lending facility

The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...

GCC GDP on Growth Path despite Oil Price Decline

Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the...

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...

Central Bank to establish currency printing plant

The Central Bank of the UAE announced today that it has started laying down the bases for constructing a purpose-built building to house...

Emirates NBD offers discounts at 50 top Abu Dhabi restaurants

Middle East’s leading bank extends further privileges to its cardholders In line with its ongoing commitment to provide its customers with a...

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...

Bank Saudi Fransi builds proactive protection against malicious threats

New IPS strengthens security of BSF’s network and infrastructure running several international and customised banking applications Banque Saudi Fransi (BSF), a Saudi Arabian full service...

Region’s Largest Open Banking Platform Launches In UAE

MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...

The next crisis: Credit Card Debt

Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...

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...

Abu Dhabi Launches E-Mortgage Services

HE Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) cum Chairman of the Technology Committee at the Department of Urban...

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...

United Arab Bank Launches Islamic Credit Card

United Arab Bank (UAB) announces the launch of its first global Islamic Credit Card with a distinctive vertical design that makes it unique to...

Central Bank postpones cheque rule implementation

Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques...