web analytics

Punjab National Bank Granted License to Operate from DIFC

DIFC is Strategic Base for Bank's Middle East and Africa Operations Punjab National Bank (PNB), India's No.1 ranked nationalized bank, has received a license to...

FAB Implements Support Measures In Response To COVID-19

FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...
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...

UAE Central Bank to Cut Interest Rates by 75 Basis Points

The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...

Dubai Economy, CBD To Provide Banking Services for DED Trader Licence...

Enables startups in Dubai to leverage online and social media for business growth Further promotes and facilitates ease of doing business in Dubai ...

Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...

The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...

Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19

Credit misallocation causing lasting risks to economies, and needs course-correction Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...

MEA Retail Banks Strongest Believers in Cashless Society

Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models 6 in 10 banking executives in the Middle...

FAB Shareholders Approve Distribution of 74% Cash Dividends

All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share  New elected FAB board expands from 9...

Emirates NBD to create up to 300 additional jobs in 2011

Emirates NBD, the UAE’s largest banking institution, is expecting to experience a hiring spree creating between 200 and 300 new jobs for the consumer...

Central Bank reduces interest rate on liquidity support facilities to 1.5%

H.E. Khalil Mohamed Sharif Foulathi, Chairman of the Board of Directors of the Central Bank of UAE, announced today that, with effect from Tuesday,...

UAE Banking Sector grew 66 percent in Q1 of 2011

In the first quarter of 2011, profitability has increased in the banking sector in all GCC countries, according to data released by Global Investment...