Islamic banking attracts flocks of Pak customers

Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks' Pakistan units are launching new products ... ( read original story ...)

UAE insurance premiums rise 17% – study

Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance ... ( read original story ...)

Securing digital banking transformation in the UAE

As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe ... ( read original story ...)

Saudi banking outlook to improve in second half of 2017

Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector ... ( read original story ...)

UAE’s eight steps to avoid personal bank fraud

These tips were compiled as part of efforts by the UBF to raise banking security standards in the UAE and protect consumers from fraud and financial crime. This move is in response to an increase in incidents of financial fraud. Several reports have ... ( read original story ...)

Blockchain Tech As A Hedge Against Low Oil Prices

Related: Tesla Successfully Raises Funds As Cash Bleed Continues Nigeria was hit especially ... Sheikh Mohammed, Vice President of UAE and the ruler of the emirate of Dubai explained: "The plan aims to increase usage efficiency by 40 percent and increase ... ( read original story ...)

What digital payment regulation means for the UAE

With the new regulation of the UAE Central Bank, we see a move towards regulating and legalising the emergence of PSPs to provide digital payments in the emirates. With the introduction and spread of digital money means in the UAE, the Central Bank is ... ( read original story ...)

UAE bank credit increases in July

Gross credit by the UAE banks grew in July, reflecting increase business activity in the country while deposit by non-residents increased last month. According to the UAE Central Bank data, gross credit increased by 0.2 per cent, rising from Dh1,591.3 ... ( read original story ...)