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...
GCC banks report single digit profit growth
Net earnings of GCC banks under Global Investment House's coverage increased 4.7%YoY to USD5.3bn in 4Q15. Net profit of banks in the UAE increased the...
Meltdown turns spotlight on Islamic finance
The failure of major investment and commercial banks that helped trigger the global recession has led some experts to look for other ways of...
Value-packed mortgages for resident expats
Interest rates starting from 4.49 per cent (with fixed rate pricing options for up to 7 years)
Up to 85 per cent financing
Includes free life,...
Bank of Sharjah signs club term loan facility
Bank of Sharjah announced today that it has signed a USD 135 million (AED 500 million equivalent) club term loan facility with four Mandated...
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
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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...
Central Bank of the UAE announces increase in money supply by...
Central Bank of UAE, announced money supply M0 increased by 4.2 per cent from AED 49.9 billion at end of September 2011 to AED 52.0 billion at the end of October of same year.
Emirates NBD opens first Private Banking Centre in Abu Dhabi
Expansion of bank’s Private Banking services in line with increasing client demand
In line with increasing demand for its bespoke wealth management solutions,...
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...
Liquidity stable in UAE banks
Real estate loans at the UAE banks stood at AED173 billion at the end of last year.
As liquidity is stable in the UAE banks,...
‘Best Home Finance Company’ at Banker Middle East Industry Awards
Tamweel PJSC, the UAE Islamic home finance provider, announced today that it has been named the “Best Home Finance Company” at the Banker Middle...
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.”
Newcomers to UAE can now benefit from consumer finance products
Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking
Focus on customers with less than six month stay in...
AED 3 billion capital increase approved at DIB Extraordinary General Meeting
1. Assembly approves conversion of AED 3.75 billion deposit into Tier 2 capital of DIB
2. Assembly approves increase of DIB’s capital by AED 3...
Banks offer free air tickets with personal loans
Applies to customers availing personal finance of AED 75,000 and above
Includes instalment deferment of up to 60 days, free credit life Takaful insurance and...
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...
Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19
Credit misallocation causing lasting risks to economies, and needs course-correction
Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...