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...
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...
UAE Central Bank will keep Dollar Peg
The United Arab Emirates will keep its dollar peg despite S&P's downgrade of the U.S. economy, according to a central bank official comments to...
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...
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...
Central Bank of UAE launches International Bank Account Number
The Central Bank of the UAE today announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank...
First Gulf Bank Q3 Net Profit rises 8%
Consistent net profit growth for the fifth consecutive quarter, Q3 2011 net profit up 8% compared to same quarter last year and 3% compared...
Talal Mohammed Al-Mazrooei appointed Head of Sales at Emirates NBD
Strengthens bank’s outreach strategy in Dubai and Northern Emirates
Appointment of young UAE national in line with bank’s...
UAE banks have no exposure to Lehman’s fall-out
The UAE banks have virtually no exposure to Lehman Brothers and that there was no systemic risk in the UAE as a result of...
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...
Banking on the future
The Emirates National Development Program (ENDP) and HSBC are coming together for an initiative that will, in the coming year, train and develop 200...
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...
National Bank of Abu Dhabi launched a $5 billion euro medium...
National Bank of Abu Dhabi (NBAD) launched a $5 billion euro medium term note programme (EMTN).
NBAD is the second largest bank in the...
Ethica Institute Makes History at Mashreq Bank
For the First Time Ever, Bank-Wide Islamic Finance E-Learning is Now a Reality, Bringing the Still-Booming Islamic Finance Industry One Step Closer to the...
Emirates Development Bank estblished with a Federal Law
Possessing a capital of AED 10 billion, the EDB will aid in promoting economic growth for the UAE HE Al Tayer said
HE Obaid Humaid...
Middle East Credit Reporting Association formed
1. Non-profit voluntary organisation to create awareness and promote credit reporting in region
2. Neutral body to facilitate credit information sharing on companies and individuals...
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...
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...