UAE, Saudi banks expect increase in loan demand in 2020
Dubai Expo 2020, banks’ regional expansion and slowdown in property market are contributing factors to rising credit...
Tag : UAE banks
UAE total banking investments reach Dh396.2 bn
The central bank noted that debt securities rose 16.7% year-to-date, reaching a total of Dh245.4 bn...
GCC and trade war: Time for foreign investment in UAE, Saudi banks?
The top banks in the UAE have increased their foreign investment cap while the Saudi markets regulator has also done the same...
Dubai fintech NOW Money driving financial inclusion for low-income workers
70% of the GCC’s population, mostly low-income expat workers, do not have a bank account – NOW Money wants to change that...
Sharjah Islamic Bank reports 8.8% increase in profits in Q3 2019
The bank’s profits for the quarter reached Dh124.9 mn as a result of increase in total income and decrease in general expenses...
Emirates NBD to raise Dh6.45 bn from rights issue
The bank plans to expand abroad and attract more foreign investments...
UAE loans and deposits growth slows down in August
Credit growth in government and GRE segment rises due to an increase in investment activities...
UAE banks held record Dh65.8bn in savings accounts by mid-2019
The savings accounts held by UAE banks accounted for 11.4 percent of the total deposits of Dh1.4 trillion by July end...
UAE’s ADCB sells Indian portfolio to focus on home market
The portfolio which includes Dh355 mn in assets and Dh601 mn in liabilities will be acquired by DCB Bank...
UAE banks ‘can make profits of Dh40 bn in 2019’
11 banks listed on the ADSE recorded a 3.5 increase in profits which amounts to Dh11.6 billion...