With the UAE’s population of 9 million served by about 50 banks, and amidst a weakened economy, three banks have decided to join forces. As the popular saying goes: if you can’t beat them, join them. …
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ALN to host 5th Africa Investment Conference in Dubai
Speakers include, Mohamed Rali Badissy, Senior Attorney for Energy and Finance, US Department of Commerce … opportunities on the continent are truly limitless,” he added. The UAE was the second top …
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Nasdaq Dubai and BHS Launch Equities Futures Educational Campaign
Nasdaq Dubai, a stock exchange operator in the United Arab Emirates (UAE), announced this Monday that it is launching a campaign to promote trading in equities futures. The campaign is being launched …
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UAE banks hired 760 employees so far in 2018
UAE banks added 760 employees in the first seven months of this year despite decrease in the number of branches, official figures showed. According to the Central Bank data, local banks increased hiri…
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HSBC aims to open more digital branches in UAE
HSBC’s UAE head of Retail Banking and Wealth Management. The bank on Monday opened its digitally-driven Customer Service Unit (CSU) at Mirdiff City Centre, which features a digital interaction r …
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Higher yield on credit drives profitability of leading UAE banks
Dubai: Improved yield on credit saw a significant rise in profitability for the top 10 UAE banks in the second quarter of 2018, according to an analysis of data by global professional services …
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Abu Dhabi said to mull merger to create banking giant
The UAE is home to more than 9 million people and has almost 50 … The Abu Dhabi Securities Market Banks Index, which tracks 13 banking and financial services companies, has risen 26 percent this yea…
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Al Hilal Bank Promotes Excellence in Customer and Employee Satisfaction
the Bank has initiated an important internal campaign, “It Comes from Within”, in line with the UAE leadership’s key and clear vision in achieving both employee and customer satisfaction. Customer car…
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VIDEO: Reckless Dubai motorist drives car into bank
Over the weekend, a Dubai-based motorist lost control of his vehicle and crashed it into a local bank at Burjuman shopping mall, causing moderate injuries to an Asian man, police said on Saturday. The …
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5 UAE credit card fees you probably didn’t know about
across most banks in the UAE varies from 0.5 percent to 0.99 percent of the outstanding balance. Cash advance is technically a cash withdrawal at an ATM using your credit card. However, unlike withdra…
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Abu Dhabi’s Merger Drive May Create Another Mega Bank: Timeline
Following are the key mergers recently undertaken in the largest sheikhdom in the United Arab Emirates. June 2013 … Operating Co. operate more than 165 vessels June 2016: First Gulf Bank and Nationa…
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Dubai driver crashes car into bank
Dubai: A motorist lost control of his vehicle and it crashed through the glass door of local bank at Burjuman shopping mall, causing moderate injuries to an Asian man inside the bank, police said …
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Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System
It’s a big problem for the UAE legal and financial system. I believe it leads to people leaving the country with huge debts left behind.” The system of using personal and corporate checks as security …
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UAE most attractive target for Chinese lenders, research shows
China recently pledged $20 billion in loans and $106 million in financial aid to nations in the Middle East over the next few years. The UAE was the most attractive target in the Middle East and Afric…
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Top UAE lawyer Habib Al-Mulla: ‘Dubai is under the spotlight. It is not North Korea …’
It’s a big problem for the UAE legal and financial system. I believe it leads to people leaving the country with huge debts left behind.” The system of using personal and corporate checks as security …
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Here’s why banking could soon get easier for UAE start-ups
Banking for start-ups is set to become considerably easier in the UAE thanks to a raft of new proposals from Dubai Chamber. The proposed changes can only enhance the UAE’s status as one of the …
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Fintech Agreement Between Singapore and Dubai Financial Services Authorities
The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities. …
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