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Central Bank backs banks operating in UAE

Central Bank of the UAE announced today that it stands behind UAE banks and branches of foreign banks operating in the country. Central Bank...

Trillion is The New Billion

One Trillion Dollars Visualized from www.mint.com It's official, trillion is the new billion! No longer is government spending around the world talked about in terms of...

Banking sector- the most targeted for cybercrime in UAE

Cyber-attacks have mostly targeted the banking sector, including the ATM and Internet banking applications, in the UAE, a report published in the January issue...

Islamic banking makes rapid strides

Islamic banks have become an increasingly important part of the UAE system making rapid strides along the way. Islamic banks have increased their share...

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...

Mortgages for the self-employed

Securing a home loan in Dubai is rarely a straightforward process, but some situations and circumstances make the process even more challenging. Among the people...

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...

UAE Banks will continue financing the economic sector

Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...

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...

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...

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...

Dubai First launches complete corporate solutions payment package

Dubai First MasterCard Corporate Card Sets New Service Benchmark Dubai First, the consumer finance company of Dubai Group, a member of Dubai Holding, in association...

AED 3 billion capital increase approved at DIB Extraordinary General Meeting

1.  Assembly approves conversion of AED 3.75 billion deposit into Tier 2 capital of DIB 2. Assembly approves increase of DIB’s capital by AED 3...

Financial Stability Unit established by the Central Bank

According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...

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...

UAE Central Bank kicks off Direct Debit System

Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...

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...