UAE banking sector


UAE Central Bank Boosts Liquidity With $4.3bn Cash Injection

Middle East Business News - Published date: .

Certificates of deposit dropped to $53bn by the end of May, from $54bn in April Read more

First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions

Middle East Business News - Published date: .

Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more

Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'

Middle East Business News - Published date: .

Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more

Survey Reveals Trust In UAE Banks On The Increase

Middle East Business News - Published date: .

UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more

Emirates NBD Reports 45% Slump In Profit After $1.1bn Provisions

Middle East Business News - Published date: .

Emirates NBD continues to have a good underlying operating performance, said CFO Patrick Sullivan Read more

Emirates NBD's Q1 Profit Drops As It Sets Aside $700m In Covid-19 Provisions

Middle East Business News - Published date: .

Emirates NBD, Dubai's largest bank, reported a 24% drop in its first-quarter profit Read more

Irregularities Found Habib Bank's UAE Operations

Middle East Business News - Published date: .

Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in t... Read more

UAE Bank Customers' Complaints To Be Dealt With Quickly Under New Guidelines

Middle East Business News - Published date: .

Consultation process launched for new Financial Consumer Protection Regulatory Framework Read more

UAE's Al Hilal Bank Agrees To Sell Islamic Insurance Business

Middle East Business News - Published date: .

Subsidiary of Abu Dhabi Commercial Bank to sell Al Hilal Takaful to Siraj Holding Read more

Abu Dhabi Bank Said To Seek $136m Savings By Cutting Jobs

Middle East Business News - Published date: .

Sources say Abu Dhabi Islamic Bank also plans to shut some local and international branches Read more

Emirates Investment Bank Hires Ex-Al Rajhi Capital Boss As New CEO

Middle East Business News - Published date: .

Gaurav B Shah brings over 20 years of experience in wealth and asset management and investment banking Read more

How The UAE Plans To Give More Protection To Bank Customers

Middle East Business News - Published date: .

Consultations start on plans to establish new financial consumer protection regulatory framework in the UAE Read more

UAE Banks Head For Indian Courts To Recover $7bn Loan Defaults

Middle East Business News - Published date: .

The move follows India notifying last month UAE as a reciprocating territory for the purpose of enforcing foreign civil ... Read more

UAE's Largest Bank Said To Cut Hundreds Of Jobs

Middle East Business News - Published date: .

Sources say First Abu Dhabi Bank is the latest UAE-based lender to shed staff as sluggish growth weighs on the finance i... Read more

HSBC Launches New 'perfect' Bank Account For UAE Millionaires

Middle East Business News - Published date: .

Jade is a bespoke bank account offering a combination of personalised relationship management, advanced wealth solutions... Read more

What Are The Prospects For GCC Banks In 2020?

Middle East Business News - Published date: .

Moody's Investors Service says the outlook for GCC banks remains stable, expect in Oman Read more

Islamic Banking Penetration In The UAE Hits New High

Middle East Business News - Published date: .

Islamic Banking Index by Emirates Islamic, which was first launched in 2014, shows penetration levels this year are at t... Read more

UAE Bank Launches New Digital Platform To Support SMEs

Middle East Business News - Published date: .

National Bank of Ras Al Khaimah unveils SMEsouk initiative to create digital ecosystem for small businesses Read more

In Pictures: 7th Edition Of UBF's Middle East Banking Forum In Abu Dhabi

Middle East Business News - Published date: .

Under the theme 'Unlocking the Future, Shifting the Paradigm', MEBF 2019 explored key topics including Fintech, Islamic ... Read more

UAE Plans To Loosen Cap On Bank Lending To Property Industry

Middle East Business News - Published date: .

UAE banks can currently lend as much as 20% of customer deposits to the property industry Read more