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Money supply in UAE decreased

The UAE's Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion...

Banks ordered not to publish audited annual accounts

UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008 results, according an article...

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 bank deposits top a trillion

The UAE's Central Bank announced that total bank deposits in the country increased by 1.5 percent during the month of December 2011 to close...

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...

Emirates NBD ranked largest bank in Middle East by Global Finance

// In a clear sign of its dominant market position, Emirates NBD has been ranked the largest bank in the Middle East by Global...

UAE Central Bank Statement on U.S. Public Debt

"Due to the controversy at the legislative authorities in the US, around the public debt of the US Government,  we have received some questions...

Next-generation mobile payment solution launched in UAE

Emirates NBD, Etisalat and Visa  launch next-generation mobile payments solution - MoneyMobile Development of contactless payments using Visa payWave via mobile device NFC mobile payments solution...

Global Award for Brand Leadership in Banking and Financial Services

Emirates NBD announced today, that it has won the 2011 Global Award for “Brand Leadership in Banking and Financial Services.”

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...

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...

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...

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...

Abu Dhabi Finance established

Abu Dhabi's five largest companies: Mubadala Development, Abu Dhabi Commercial Bank, Aldar Properties, Sorouh Real Estate and the Tourism Development and Investment Company, will...

UAE Banking Sector Outlook

At the start of the year, analysts expected a binary scenario for UAE banks in 2010 on  the back of a slow but steady...

Emirates NBD named Asia’s Best Brand at 2011 CMO Asia Awards

Award recognises mind, market and commitment share of Emirates NBD brand among consumers Highlights achievement of Emirates NBD’s international expansion strategy Emirates NBD, a leading bank...

Savings account for children unveiled in Dubai

Shaatir Children’s Savings account will help young people reach their financial goals DIB’s first account specifically for children Dubai Islamic Bank (DIB) today unveiled its first...

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...