Moody’s changes Qatar banks’ outlook to negative

Dubai: Credit rating agency Moody's Investors Service has changed the outlook on Qatar's banking system to negative from stable due to the weakening operating conditions and continued funding pressures facing Qatari banks. The rating agency’s new outlook ... ( read original story ...)

UAE bank ATMs touch 5,219 in H1

The number of automatic teller machines (ATMs) operated by banks in the UAE hit 5,219 by the end of H1, an increase of two per cent from 5,118 in H1 2016, according to UAE Central Bank statistics. The number of national banks stood at 23 in Q2 2017, with ... ( read original story ...)

Dubai banking hub at risk because of Gulf crisis, bank CEO says

The Gulf crisis, which saw Arab allies of Saudi Arabia including the United Arab Emirates boycott Qatar, threatens Dubai’s standing as regional financial hub, the CEO of international bank Standard Chartered said on Monday. "There is a lot of benefit we ... ( read original story ...)

UAE bank ATMs surge to 5,219, up 2pc in H1

The number of automatic teller machines (ATMs) operated by banks in the UAE hit a total of 5,219 by end of H1, an increase of 2 per cent from 5,118 in the same period in 2016, according to UAE Central Bank statistics. The continual rise in ATMs in the ... ( read original story ...)

This major UAE bank is going to stop accepting cash cheques

Heads up: RAK Bank has said that they will no longer accept cash cheques at all from September 1 onwards. Why won’t the major bank clear cash cheques? They’ve said it’s all about protecting customers from “an increasing trend of fraud”. ( read original story ...)

EFCC arrests Dubai-bound Nigerian with 849 ATM cards

The Economic and Financial Crimes Commission has arrested a Dubai-bound Nigerian ... Operatives of the Commission discovered that the suspect had 490 Guaranty Trust Bank ATM cards, 287 of Access Bank, 49 of Eco Bank, 10 of UBA, six of Stanbic IBTC Bank. ( read original story ...)

EFCC arrests Nigerian traveling to Dubai with 849 ATM cards

He was reportedly preparing to board an Egypt Air flight heading for Dubai, United Arab Emirates ... It was discovered that the suspect had 490 Guaranty Trust Bank ATM cards, 287 of Access Bank, 49 of Eco Bank, 10 of UBA, six of Stanbic IBTC ... ( read original story ...)