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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...

United Arab Bank hosts Trade Finance Workshop for its Customers

United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB’s previous workshop in...

State Bank of India launches Corporate Banking Services from DIFC

Global Fortune 500-listed State Bank of India (SBI), has started providing a complete range of banking services from its base in the Dubai International...

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...

Emirates NBD launches Emirates Global Sukuk Fund

•    High profit rate, low minimum investment •    Semi-annual income distribution •    Low management fees, award-winning team Emirates NBD announced today the launch of the Emirates Global...

UAE Real Estate Bank established

New entity to provide strong growth platform for real estate financing Combined entity will be Sharia-compliant UAE Ministry of Finance has announced that it started...

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...

UAE Central Bank slashes rates on re-purchase of Certificate of Deposit

The UAE Central Bank announced today that it has slashed the rate on its re-purchase of Certificate of Deposit (REPO) by 50 basic points...

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...

Emirates NBD launches online customer care platform

Provides dedicated webpage on bank website to channel customer feedback and enquiries New service to expedite review...

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...

UAE community’s personal banking and lifestyle habits

Positive feelings towards personal banking over the internet; overwhelming majority keep their personal finances up-to date-and ladies taking the lead in controlling the purse...

Mahra Ladies Banking designed exclusively for today’s woman

Mahra Ladies Banking provides significant discounts at shops, restaurants, hotels and resorts Additional benefits include concierge services, free valet parking, unlimited access to Ladies Clubs...

Dubai banking on support towards a stronger recovery

The increased domestic banking sector support to Dubai Inc has brought exposure to the public sector as percent of capital to the highest level...

Central Bank announces increase in money supply

The Central Bank of UAE announced today that the money supply M0 (currency in circulation + currency at banks) increased by 2.3%, from AED...

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...

Managing liquidity risk is crucial for UAE banks, say global...

1. Global Association of Risk Professionals hosts Dubai forum 2. Forum hosted By GARP and FRSGlobal in partnership with Emcredit 3. Banks’ collective actions in addressing...

US Federal Reserve System Raises Base Interest Rate

The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...