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...
Emirates NBD wins Financial Sector Technology award for best systems integration...
Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today that it has won the 2010 Financial Sector...
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...
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...
Citi reports security breach; 360 000 credit cards were affected
US banking giant Citigroup had told its clients that about 360,000 credit cards were affected by an online hacking attack in May.
Citigroup reported that...
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 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...
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...
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...
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...
Bank Chiefs Optimistic About the Future
After years of relentless focus on costs, settlements and regulations, the future of banking is looking brighter, agreed panellists in a session at the...
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...
DED and Mashreq sign agreement to facilitate electronic payment of trade...
The Dubai Department of Economic Development (DED) and Mashreq have signed a co-operation agreement to facilitate the electronic payment of trade licenses fees. The...
Barclays opens Islamic window in Dubai International Financial Centre
Barclays Bank plc announced today that it has received approval to operate an Islamic Window in the Dubai International Financial Centre (DIFC), enabling it...
The Central Bank plans Dirham-Dollar Swaps to support banks
The United Arab Emirates central bank said on Wednesday it would provide UAE dirham-U.S. dollar swap facilities to banks to further support the banking...
PayBy App Facilitates Contactless Payment for Government Services
PayBy joins Abu Dhabi Pay, the digital payment platform for Abu Dhabi government services
Partnership simplifies digital payment mechanisms for customers and businesses
The Abu Dhabi...
Layoffs in UAE banking industry on the rise
According to recent Reuters and Bloomberg reports, layoffs within UAE's banking industry are on the rise despite that the majority of banks reported strong...
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...