Tag: Banking Industry
UAE Banking Sector Poised for Growth in 2022
The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of...
How Banking and Financial Software Are Changing The Game
Few industries are more complex or contain more moving parts than the financial and banking industries. On top of this complexity are higher stakes,...
Region’s Largest Open Banking Platform Launches In UAE
MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai
Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...
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...
Negative Interest Rates Are Coming, Investors Taking Action
Negative interest rates are coming and investors will now be looking to bolster their portfolios to ‘get ahead of the curve and build wealth’,...
MEA Retail Banks Strongest Believers in Cashless Society
Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models
6 in 10 banking executives in the Middle...
Dubai Banks Announce Business Relief Package
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...
FAB Implements Support Measures In Response To COVID-19
FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...
UAE Central Bank to Cut Interest Rates by 75 Basis Points
The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...
FAB Shareholders Approve Distribution of 74% Cash Dividends
All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share
New elected FAB board expands from 9...
Emirates NBD to increase Foreign Ownership Limit to 40%
Emirates NBD Bank, Emirates NBD, today announced its intention to increase Foreign Ownership Limit, FOL, to 40 percent in the future, and will seek...
KAMCO wins “Best Debt Bank in the Middle East – 2019”
KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, won the “Best Debt Bank in the Middle...
Trust in UAE Banking Sector Remains High at 68%
Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of...
FGB, NBAD Merger Creates World’s Largest Financial Institution
FGB and NBAD announce the new name of the combined bank
New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...
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...
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...
Layoffs in UAE banking industry on the rise
According to recent Reuters and Bloomberg reports, layoffs within UAE's banking industry are on the rise despite that the majority of banks reported strong...
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...