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Emirates NBD opens new branch in Muraqqabat

Largest branch in Deira to serve busy business district Offers Retail, Priority and Business banking services under one roof Emirates NBD, a leading bank in the...

Lloyds TSB Middle East announces third Undergraduate Programme for UAE nationals

Lloyds TSB Middle East, part of one of the world’s largest banking groups, today announced the launch of the third annual Undergraduate...

What Changed in Swiss Gold Banking?

What the Swiss banks' move away from unallocated accounts says about gold, and about banking... IMAGINE you could sell someone something, but keep ownership of...

Emirates NBD announces senior appointments

1. Appoints Head of Priority Banking, Vice President for Credit and Collections 2. Industry veterans with nearly 40 years of collective experience to support growth...

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...

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...

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...

UAE had refrained from matching a Federal Reserve interest rate cut

UAE interbank rates have barely reacted to a slew of government and central bank measures to enhance liquidity and improve confidence in the banking...

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...

Middle East banks to get richer

Banks in the Middle East seize opportunities for global expansion Bank M&A transactions set to outpace GDP growth in emerging markets World trade flows, increased gross...

Preparing Emiratis for leadership roles in banking

Dubai Islamic Bank (DIB) announced today the launch of its second Qiyadee programme to develop a core group of employees to assume managerial positions...

Value-packed mortgages for resident expats

Interest rates starting from 4.49 per cent (with fixed rate pricing options for up to 7 years) Up to 85 per cent financing Includes free life,...

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...

Hydra Properties signs historic mortgage agreement with NOOR Islamic Bank

The real estate pioneer gives customers options of Sharia compliant financing Hydra Properties, the leading UAE-based international property developer, today announced signing a historic...

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...

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...

Loan losses of Gulf banks to drop, according Fitch

Fitch Ratings has said that banks in the GCC region are likely to report lower loan and investment losses in 2011 because impairments have...

Commercial Bank of Dubai to provide Factoring Services to corporate and...

Commercial Bank of Dubai (CBD) announced today that it had signed a partnership agreement with Coface Emirates Services Limited to provide Factoring Services to...