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The resurgence of the Middle East cards industry

The last twelve months has seen the Middle Eastern retail banks face the twin challenges in their cards business of security threats and exposure...

UBS appoints Ali Janoudi to Middle East and North African role

UBS today announces the appointment of Ali Janoudi, who will be responsible for the Saudi Arabia and Near East/Northern Africa Wealth Management business in...

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...

Standard Chartered holds Ground Breaking Ceremony for its New Dubai Head...

Following excellent financial results for the year 2010, Standard Chartered has held a groundbreaking ceremony to launch the construction of its new office premises...

UAE federal Government to move to 3-year budgets

UAE plans a big makeover with regard to its federal budget, like releasing budgets every three years instead of yearly one at present and...

UAE will not be party to GCC monetray union agreement

The UAE has decided not to take part in the proposed monetary union agreement between the states of the Gulf Cooperation Council, an official...

UAE Credit Cards immune to Low Interest Rates

Interest rates are the lowest they have been in decades. But there is a little indication the customers of U.A.E. banks are benefiting. This...

Six banks control 60 pc of assets in UAE

Emirates NBD alone holds 20pc Six large banks in the UAE control close to 60 per cent of the total assets held by the country's...

Dubai Holding to Launch Region’s First Digital Bank

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...

UAE takes preventive measures to face global financial crisis

President H.H. Sheikh Khalifa bin Zayed Al Nahyan confirmed that the UAE economy is strong and sound and that its banking system is solid...

FGB Launches First Gulf Bank Business School

New institution targeted at staff of FGB and subsidiaries to promote Emiratisation in banking sector Under the patronage of its Chairman HH Sheikh Tahnoon...

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...

Emirates NBD to propose capital increase through government tranche

Emirates NBD has announced in a notice to its shareholders regarding its Second Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) which will...

Have you heard that secondary mortgages are temporary suspended?

"Dubai Bank today suspended all approvals of mortgages for secondary market purchases. Until further notice they will only lend for off plan developments. Several...

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...

Emerging Markets Retail Banking Growth Slows

Retail bank growth across 12 emerging markets, referred to as the EM12, will slow according to a new report titled “Playing to Win, Retail...

Banks to provide financing to Bloom Gardens project

Three banks in Abu Dhabi have agreed to provide finance to buyers of units at the Dh2 billion Bloom Gardens project, reported Business 24/7. The...

Fitch affirms ratings of 11 UAE Banks

“The affirmation of the banks' Long-Term IDRs, Support Ratings and Support Rating Floors, except for Emirates Islamic Bank PJSC (EI) and Commercial Bank International...