UAE Consumers on Spending Sprees
Deposits decreased, loans increased
The UAE Central Bank today announced that money supply M0 (currency in circulation + currency at banks) increased by 0.4%, from...
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...
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...
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...
UAE Banking Sector grew 66 percent in Q1 of 2011
In the first quarter of 2011, profitability has increased in the banking sector in all GCC countries, according to data released by Global Investment...
UAE Central Bank’s governor calls for reduced interest rates on loans
Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...
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...
American Express® Middle East launches ‘Choose your Prize’ campaign
Campaign to make using American Express Cards even more rewarding
Monthly raffle draw gives Cardmembers flexibility to select prizes that match their lifestyles
In line with...
Bank frauds on rise
Dubai banks customers have been asked to be on alert following recent cases of rise in illegal money transfers. A series of credit card...
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...
UAE banks must refrain from offering loans over the phone
In recent news and regulations issued from the central bank of the UAE, another restriction has been implemented on the banking sector.
All banks must...
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...
Bank of Egypt waives charges on remittances in Egyptian Pound from...
All charges against money transfers from UAE to Egypt in Egyptian Pound through the branches of Bank of Egypt in the UAE have been...
Abu Dhabi will host a World Bank office
The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...
RBS Coutts furthers NRI initiative in the Middle East with key...
RBS Coutts, the international private banking arm of the Royal Bank of Scotland Group, today announced the appointment of Santosh Keni as Head of...
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...
Central Bank postpones cheque rule implementation
Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques...
Emirates NBD ranked largest bank in Middle East by Global Finance
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In a clear sign of its dominant market position, Emirates NBD has been ranked the largest bank in the Middle East by Global...