Emirates NBD ranked 'strongest bank in UAE'

Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its ... ( read original story ...)

Dubai Islamic Bank Q3 net profit down 9.9 per cent

Dubai Islamic Bank, the United Arab Emirates’ largest Sharia-compliant lender, on Monday posted a 9.9 per cent drop in third-quarter net profit, in line with analysts’ forecasts. The bank made Dh876.3 million in the three months to September 30 ... ( read original story ...)

Dubai Islamic Bank 9-month net profit up 7% to Dh3b

Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, on Monday reported a Group Net Profit of Dh3.01 billion, up 7 per cent compared with Dh2.8 billion for the same period in 2015. For the third quarter of the year the bank ... ( read original story ...)

Why finance is key to securing a low-carbon future

As renewable energy costs fall, the UAE government is taking note. Policy is pivoting. Investment flowing. The agenda set. At HSBC, we look forward to actively participating in the UN-convened Global Roundtable on sustainable finance hosted by the UAE this ... ( read original story ...)

Low oil price takes its toll on Saudi banks

Dubai: Persistent decline in oil prices since mid-2014 is posing a new wave of challenges for Saudi Arabia’s banking sector which enjoyed, abundant liquidity during the years of oil boom between 2003 and 2013. During this period, the Kingdom was able to ... ( read original story ...)

UAE participates in Global Investors Summit in India

During his speech at the opening session, HE Al Saleh emphasised the strong bilateral ties between UAE and India, the latter being UAE’s first trade partner. He noted that the volume of trade between the two countries has amounted to $50 billion for the ... ( read original story ...)

UAE Central Bank says lending to SMES has tightened

UAE banks have become less willing to lend to businesses and individuals, according to the latest quarterly credit sentiment report issued by the ­Central Bank. At the same time, borrowers, especially owners of small businesses and expats, have become ... ( read original story ...)

Emirates NBD pilots blockchain-based money transfers

During the pilot, remittance and trade finance processes were executed on the blockchain network with almost real-time transfers of invoices and purchase orders. Emirates NBD chairman Shaikh Ahmed bin Saeed Al Maktoum said the pilot was the first of its ... ( read original story ...)