UAE credit demand rises ‘slightly’ – central bank

Demand for business credit and personal loans in the UAE rose slightly in the second quarter of 2017 and is expected to continue to increase slowly in the current quarter, according to the central bank. The latest Credit Sentiment Survey from the UAE ... ( read original story ...)

UAE credit demand begins to stabilise from second quarter

Dubai: Demand for credit in the UAE appeared to have stabilised following the recovery registered in the previous quarter, according to the second quarter credit sentiment survey of the Central Bank of UAE. The collects information from senior credit ... ( read original story ...)

The banking paradox

In this section I look at the UAE banking system and come to some startling conclusions. It seems that banks are grabbing market share in a market with deteriorating margins and increased risks. Last week I took a look at Union National Bank’s Q2 ... ( read original story ...)

Adnoc hires banks for fuel retailer IPO: sources

ABU DHABI/DUBAI (Reuters) - Abu Dhabi National Oil Company (Adnoc ... First Abu Dhabi Bank, HSBC, Bank of America Merrill Lynch and Citigroup have been mandated for the IPO, sources familiar with the matter told Reuters. The sources declined to be named ... ( read original story ...)

Leading Dubai banks post strong set of first-half results

Dubai: Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved ... ( read original story ...)

Qatar’s $300 billion conundrum: how liquid are its reserves?

DUBAI/DOHA (Reuters) - When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. ( read original story ...)

UAE bank deposits decline by $7.25bn

Total bank deposits in UAE fell by 1.7 percent, or $7.25 billion (AED26.6bn), to $433bn (AED1.589 trillion) in June compared to May, the Central Bank said on Tuesday. Resident and non-residents deposits fell in June by AED24.2bn and AED2.4bn, respectively. ( read original story ...)

Dubai’s largest bank posts 6% rise in Q2 profit

Emirates NBD reported a 6 percent rise in its second quarter net profit on Wednesday. Dubai’s largest lender made a net profit of $550 million (AED2.2bn) in the three months to June 30, the bank announced this morning, up from the AED1.91bn it announced ... ( read original story ...)