Tag: banking

This is because when the Fed raises rates, the Central Bank of the UAE generally adopts the same policy, which in turn impacts rates on a variety of personal finance products, from loans to savings an…
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Emirates NBD has announced that it will soon launch customised banking services via WhatsApp in the UAE. Dubai’s biggest bank said in a statement that it is the first in the region to integrate its co…
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In August, the bank concluded syndicated financing facilities worth a total of $185, which it said will be used for general corporate purposes and the refinancing of a previously existing facility. Cu…
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Not only does the UAE boast a healthy economy, but the Emirates has particularly attractive finance options and a strong infrastructure, not to mention extensive government support for entrepreneurs. …
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Abu Dhabi: The Central Bank of the UAE (CBUAE) hosted a UAE-Japan seminar on support systems and regulatory measures that make up the foundations for a thriving SME sector in Japan. UAE Central …
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With its continued efforts to encourage the adoption of technological advancements in the market, the Dubai Financial Services Authority (DFSA) entered yesterday into an Exchange Of Letters with the F…
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At the time of his appointment, Tsui identified that the Middle Eastern financial market was at a turning point. This is because the GCC region is wanting to diversify their economies away from oil. A…
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Though there are a number of reasons why UAE residents’ bank accounts could be frozen, such as arrest after a serious car accident or financial loss to employers, visa change or expiries are the two m…
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Global banking giant HSBC has announced the opening of its new headquarters in Downtown Dubai as it looks to grow its market share in the region. The 20-floor free-hold tower, owned by HSBC, reflects …
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The Central Bank of the UAE raised its benchmark interest rates by 25 basis points following a rate hike by the US Federal Reserve, which indicated further moves are likely this year and next. The UAE …
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Invest Bank and United Arab Bank (UAB) reinforces the consolidation already underway in the UAE’s crowded banking industry. About 50 banks operate in the UAE with a population of about 9 million …
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The UAE central bank (CBUAE) said on Wednesday it was raising its repo rate by 25 basis points, and also raising interest rates on the issuance of its certificates of deposit in line with the increase …
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The Sharjah government is weighing a merger between three of the emirate’s banks that could create a lender with about Dhs66.2bn ($18.0bn) of assets, sources aware of the matter told Reuters.
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The UAE, and Dubai in particular … Operations and Technology, Mashreq Bank. Digital disruption is unavoidable. It’s happening because multiple technologies are rapidly evolving all the time. While t…
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Emirates NBD, a leading bank in the region, announced today that it will soon launch customised banking services via WhatsApp in the UAE. The bank, a front-runner in digital banking innovation, is the …
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Sept 27 (Reuters) – A leap by Dubai’s biggest bank boosted the stock market index sharply on Thursday while most Gulf bourses registered only marginal gains. The Dubai index closed up 1.8 percent, its …
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Most of the strength to the Dubai index came about due to buying in Emirates NBD, Dubai Islamic Bank (DIB) and Emaar Properties. “The Fed rate decision is broadly positive for all banks …
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