UAE banking sector tops Gulf states for asset volume

The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE ... ( read original story ...)

UAE banks fully prepared for stricter capital regime

Dubai: The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital adequacy ratio to 15.5 per cent by 2019, according to the new central bank regulations. But with the already strong capitalisation levels ... ( read original story ...)

Banking sector resilient to headwinds: UBF

Dubai: The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE. The UBF ... ( read original story ...)

Dubai lender Emirates NBD to IPO Islamic REIT fund

DUBAI, March 5 Emirates NBD (ENBD), Dubai's largest lender, plans to offer shares in its Islamic real estate investment trust and list them on the Nasdaq Dubai exchange. ENBD REIT said on Sunday it expects to raise about $100 million to $125 million from ... ( read original story ...)

Dubai Financial Market launches ETF trading platform

Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices The exchange hosts bell ringing ceremony to celebrate the launch of the new platform Dubai Financial Market (DFM) announced today the launch of a trading platform for ... ( read original story ...)

UAE central bank issues new rules related to…

The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for ... ( read original story ...)

UAE central bank issues new rules related to Basel III

The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for ... ( read original story ...)