09/11/2019

UAE banks' 3-month deposits hit $145bn in July

The interest rates charged by the Emirates Inter-Bank Offered Rate spiked across all terms of late, with the three-month rate up to 230 basis points, the six-month deposit to 234 basis points and one-year term to 249 points.

08/28/2019

Open Account In 5 Minutes: BisB

BisB CEO, Hassan Jarrar, in a YouTube broadcast, said that a new system is in place with which any new customer can open an account in less than “6 minutes”.