Banks should give better incentives to save in the UAE

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 ...)

UAE central bank raises interest rates by 25 basis points

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 launches revamped website

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 ...)

How UAE rate hike will affect businesses,…

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 ...)

National Bank of Fujairah to tap debt programme to fund growth

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 ...)

UAE’s Central Bank raises interest rates

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 ...)