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Posted on 15/11/2018

UAE embassy issues weather warning to citizens in Kuwait

The UAE Embassy in Kuwait has issued an advisory to its citizens … except those whose jobs require them to be in their work places. Kuwait Banking Association said in a statement on Tuesday that it …
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Posted on 15/11/2018

Emirates NBD Encourages UAE to ‘Give In to Giving’ This World Kindness Day

With World Kindness Day on 13 November, Emirates NBD, a leading banking group and and a pioneer in private sector volunteering in the UAE, has released a video to encourage UAE residents to ‘give in t…
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Posted on 12/11/2018

UAE MoF holds the Government Financial Policy Coordination Council’s third meeting of 2018

HE Younis Haji Al Khoori stressed the pivotal role that the Government Financial Policy Coordination Council plays in studying financial data, discussing the latest issues and changes in financial pol…
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Posted on 12/11/2018

Swiss cryptocurrency firm X8 obtains Islamic finance certification

Switzerland-based financial technology firm X8 AG has obtained … Also read: How to protect yourself from crypto scams in the UAE The company hopes its Ethereum-based cryptocurrency, which …
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Posted on 12/11/2018

UAE banking sector to maintain steady growth

Rating agencies and independent analysts confirm a steady revival in the financial performance of UAE banks, thanks to the rising interest rates and the improving macroeconomic conditions in the …
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Posted on 12/11/2018

Third China-UAE conference on Islamic Banking concludes

DUBAI, 11th November, 2018 (WAM) — The third China-UAE conference on Islamic Banking and Finance, CUCIBF III, concluded recently, with the participation of leading economic experts, bankers, decision …
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Posted on 11/11/2018

UAE central bank removes 20% cap on real estate loans, Banking Federation chief says

The UAE central bank lifted a 20 per cent cap on real estate lending as a percentage of the total deposits of banks, the chairman of the UAE Banks Federation said. The restriction is removed through t…
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Posted on 11/11/2018

Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim

Al Saleh: “UAE-China relations are gaining momentum as efforts to support the Belt & Road initiative & to guide the Islamic economy continue.” • Mansoor Al Awar: “We continue to engage in constructive …
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Posted on 11/11/2018

Emirates NBD recognized as The Innovator in the Middle East by Global Finance

Dubai:Emirates NBD, a leading financial institution in the Middle East has been adjudged ‘The Innovator’ in the Middle East at the Global Finance World’s Best Consumer Digital Banks in the ME Awards 2…
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Posted on 11/11/2018

Report: UAE Banking System Stable for Now

Moody’s Investors Service has kept its outlook on the United Arab Emirates banking system at stable, reflecting a gradually recovering economy, as well as banks’ strong capital, resilient profitabilit…
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Posted on 11/11/2018

UBF forum offers insights into banking trends

The sixth edition of the UAE Banks Federation (UBF)’s Middle East Banking Forum concluded today (November 11) in Dubai, offering exclusive insights into emerging opportunities and challenges facing th…
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Posted on 11/11/2018

How to lose a fortune: UAE big-jackpot winner who nearly lost it all

Hamzah Shalchi, a financial planner, heads the Dubai operations of Guardian Wealth Management. Image Credit: Supplied “With any good fortune, it can be easy to get carried away and purchase …
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Posted on 11/11/2018

Pakistan expects financial package as UAE FM meets Qureshi

ISLAMABAD – Pakistan is expecting a financial package from the United Arab Emirates as Foreign Minister Abdullah bin Zayed Al Nahyan visited Islamabad Friday to meet Pakistani counterpart Shah Mehmood …
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Posted on 09/11/2018

Union National Bank continues to play its part in the success of the UAE’s banking sector

As the economy of the United Arab Emirates continues to diversify away from its longstanding reliance on oil, the country’s financial services sector is becoming an ever-more important engine for grow…
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Posted on 08/11/2018

UAE banks to maintain strong capital and profitability, Moody’s says

Moody’s forecasts are conservative compared to those of the UAE Central Bank, which expects growth to reach 2.8 per cent this year and 4.2 per cent next year, the governor said on Tuesday. The central …
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Posted on 08/11/2018

Dubai Payments Firm Picks Citigroup, JPMorgan for IPO

Morgan Stanley also selected and Evercore will be IPO adviser The IPO, which could see shareholders sell about 25 percent to 30 percent of the company, may value the whole of Network International at …
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Posted on 07/11/2018

Banking: Merger momentum grows in the Gulf

It has been a long time coming. As far back as 2007, the merger of Emirates Bank International and National Bank of Dubai – to create Emirates NBD, Dubai’s largest bank – was widely expected to start …
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