BankingFeaturedEmirates NBD reduces transaction fees in line with the UAE’s coronavirus initiativesInternational FinanceMarch 5, 2020March 18, 2020 by International FinanceMarch 5, 2020March 18, 2020 These measures are being implemented to mitigate economic impact caused by the coronavirus epidemic... Read more
BankingFeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
BankingFeaturedEmirates NBD inks deal with DLD to offer trust account servicesInternational FinanceJanuary 20, 2020March 18, 2020 by International FinanceJanuary 20, 2020March 18, 2020 ENBD is the first UAE bank to team up with RERA after the new law in September 2019... Read more
BankingFeaturedUAE, Saudi banks expect increase in loan demand in 2020International FinanceJanuary 14, 2020March 18, 2020 by International FinanceJanuary 14, 2020March 18, 2020 Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit... Read more
BankingUAE total banking investments reach Dh396.2 bnInternational Finance DeskDecember 23, 2019 by International Finance DeskDecember 23, 2019 The central bank noted that debt securities rose 16.7% year-to-date, reaching a total of Dh245.4 bn... Read more
BankingMagazineNovember- December 2019 IssueGCC and trade war: Time for foreign investment in UAE, Saudi banks?International FinanceNovember 20, 2019January 9, 2020 by International FinanceNovember 20, 2019January 9, 2020 The top banks in the UAE have increased their foreign investment cap while the Saudi markets regulator has also done the same... Read more
FintechMagazineNovember- December 2019 IssueDubai fintech NOW Money driving financial inclusion for low-income workersInternational FinanceNovember 20, 2019January 28, 2020 by International FinanceNovember 20, 2019January 28, 2020 70% of the GCC’s population, mostly low-income expat workers, do not have a bank account – NOW Money wants to change that... Read more
BankingUAE banks held record Dh65.8bn in savings accounts by mid-2019International Finance DeskSeptember 13, 2019November 4, 2019 by International Finance DeskSeptember 13, 2019November 4, 2019 The savings accounts held by UAE banks accounted for 11.4 percent of the total deposits of Dh1.4 trillion by July end... Read more
Islamic BankingNoor Bank customers can buy Sharia products using credit cardsInternational Finance DeskAugust 1, 2019 by International Finance DeskAugust 1, 2019 Noor Bank and National Bonds sign a strategic deal to reduce impulse purchase behaviour at stores through the new scheme... Read more