Dubai bank Emirates NBD has opened its second branch in Saudi Arabia’s capital city, Riyadh. The bank’s network of four full-fledged branches across three cities in the kingdom – including …
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In Dubai, US sanctions pressure historic business ties with Iran
Dubai has long been one of Iran’s main links to the outside world, but trade between the two has slowed as sanctions approached. Imposed in early November and August, the sanctions target Iran’s rial …
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UPDATE 1-In Dubai, US sanctions pressure historic business ties with Iran
Dubai has long been one of Iran’s main links to the outside world, but trade between the two has slowed as sanctions approached. Imposed in early November and August, the sanctions target Iran’s rial …
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New laws to boost banking sector in UAE
The Board of Directors of the UAE Banks Federation (UBF) welcomed a series of new laws issued recently by the government and said they would help boost the competitiveness of the economy while positiv…
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UAE banks benefit from US Fed rate rises
With the dirham pegged to the US dollar, the actions of the US central bank have a direct impact on interest rates charged by UAE banks. The UAE Central Bank last increased its repo rate by 25 basis p…
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New laws to boost banking sector
The Board of Directors of the UAE Banks Federation (UBF) welcomed a series of new laws issued recently by the government and said they would help boost the competitiveness of the economy while positiv…
( read original story …)
Imran Khan Visits UAE, Likely To Seek $6 Billion Financial Aid: Report
Prime Minister Imran Khan arrived in the UAE on Sunday on a day-long visit to the gulf country, where he is likely to seek financial assistance to minimise the cash-strapped Pakistan’s dependence on a…
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Pakistan’s Khan arrives in UAE
Pakistan’s prime minister arrived in the the UAE on Sunday as the country continues to seek financial assistance from its allies. Saudi Arabia offered a $6bn rescue package to Pakistan last month incl…
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Pakistan PM Imran Khan visits UAE to seek financial assistance
DUBAI: Prime Minister Imran Khan arrived in the UAE on Sunday on a day-long visit to the Gulf country, where he is likely to seek financial assistance to minimise the cash-strapped Pakistan’s …
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Pakistan’s Khan to visit UAE on Sunday to ask for financial aid
Pakistan’s prime minister is reportedly set to visit the UAE on Sunday as the country continues to seek financial assistance. Saudi Arabia offered a $6bn rescue package to the country last month …
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Islamic banking grows in popularity in the UAE – survey
The popularity of Islamic banking products continues to grow in the UAE among both Muslim and non-Muslim customers, according to new research. The findings of the 2018 Islamic Banking Index by Emirate…
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UAE minister lauds ICAI role in nation-building
ICAI sub-committee member and Kushal Chordia welcomed Hussain Ebrahim Al Hammadi, UAE’s Minister of Education, with these words of appreciation: “Hadhih awal marah atahadath alearabiuh amam aljamie.” …
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UAE Banks Federation Official Supporter of International Fraud Awareness Week 2018
Highlighting its commitment to the global fight against fraud, UAE Banks Federation (UBF) has joined companies and organizations across the world to help educate banking professionals and consumers on …
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Emaar and Noor Bank offer fast track home finance for residents and non-resident buyers with Noor Home special programme
Dubai, UAE: Emaar Development, the global developer, has partnered with Noor Bank, a leading Shari’a-compliant bank in the UAE, to offer an exclusive, fast-track home financing programme for UAE resid…
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Dubai Financial Market : Banks push up DFM Wednesday
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Wednesday’s trading session in green territory, boosted by the growth of the banks sector. The DFM’s trading volume hit 89.68 million shares e…
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Commercial Bank of Dubai P S C : Partners with Dubai Police to Offer Easy Payment of Fines
Cardholders of the Commercial Bank of Dubai (CBD) can now pay their traffic fines in instalments with zero interest rates, as the Dubai Police recently signed a partnership with the bank. Fines for tr…
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Abu Dhabi Commercial Bank picks Barclays to advise on merger: sources
ABU DHABI/DUBAI (Reuters) – Barclays (BARC.L) has been appointed by Abu Dhabi Commercial Bank (ADCB) ADCB.AD to advise on a potential merger plan involving Union National Bank (UNB) UNB.AD and Al Hila…
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