Tag: banking

With the dirham pegged to the dollar, it makes sense that the UAE Central Bank follows the federal policy and remains aligned. What I don’t understand is why every time the rate increases, my bank immediately increases my mortgage rate and instalments ... ( read original story ...)

The Central Bank of UAE has announced that effective Thursday, June 14, it will raise interest rates applied to the issuance of its certificates of deposits in line with the increase in interest rates on the US Dollar, following the US Federal Reserve's ... ( read original story ...)

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily ... ( read original story ...)

The key interest rate hike announced on Thursday by Central Bank of the UAE will have a sudden direct impact on both businesses and residents alike by sparking a spurt in the borrowing costs across the financial sector, including auto, mortgage and ... ( read original story ...)

Eighty-five percent of UAE residents still feel that they are not saving enough for their future, according to a new survey by National Bonds Corporation. Its 2017 Savings Index found that 41 percent of savers in the UAE are planning to start their savings ... ( read original story ...)

Victor Besa / The National The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to ... ( read original story ...)

The Central Bank of the UAE (CBUAE) has announced that it will raise interest rates applied to the issuance of its certificates of deposits as of today. The move follows the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis ... ( read original story ...)

The Central Bank of the UAE increased its benchmark interest rates by 25 basis points mimicking the US Federal Reserve, which increased on Wednesday its rates for the second time in 2018, with two more expected this year. The UAE's central bank hiked the ... ( read original story ...)

The nearly three times subscribed issuance generates more than 50 per cent interest from foreign institutional investors Dubai Islamic Bank, the largest Islamic bank in the UAE announced a highly successful closing to the banks capital raising. The ... ( read original story ...)

The National Bank of Fujairah, which counts the emirate's government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to fund future growth. ( read original story ...)