Bank lending to UAE’s private sector, retail customers picks up momentum
The aggregate bank credit to the private sector in the UAE has picked up momentum indicating rising business confidence in…
Retail Banking
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Standard Chartered Bank executes its first ESG 'Use of Proceeds' repo
Standard Chartered Bank said on Monday it has executed its first ESG (Environmental, Social, and Governance) ‘Use of Proceeds’ repurchase…
UAE regulators issue guidelines to financial institutions on use of enabling technologies
Regulators of banks and financial free zones in the UAE have jointly issued guidelines to help financial institutions safely adopt…
Majority of UAE consumers prefer banks that put purpose over profits, report finds
About 76 per cent of customers in the UAE prefer banks that put purpose over profits, according to a report…
First Abu Dhabi Bank teams with Ascenda
First Abu Dhabi Bank has partnered with global loyalty technology leader Ascenda to launch the market’s most rewarding portfolio of…
Bank ABC Islamic announces nine-months 2021 net profit of US$26.7mln
Bank ABC Islamic has announced its results for the nine months ending 30 September 2021: Key Highlights of first nine…
QIB Ranked "Strongest Bank in Qatar" & "Second Strongest Islamic Bank in the World"
Qatar Islamic Bank (QIB) emerged as “Strongest Bank in Qatar”, “Fourth Strongest Bank in the Middle East”, “Strongest Islamic Bank…
Emirates NBD reports that more than 96% of UAE corporate clients use digital payments
The Corporate and Institutional Banking division of Emirates NBD has reported an increased preference for digital banking amongst its clients,…
Qatar Islamic Bank launches video banking
Qatar Islamic Bank (QIB) has announced the launch of a video banking service through its QIB Mobile App. The…
Mashreq Bank reaches deal with US authorities, will pay $100m penalty
Mashreq Bank has reached a settlement with authorities in the US over dollar-related transactions that ‘primarily took place a decade…
Mashreq Bank automates bancassurance operations
WayPoint Systems has partnered with Mashreq Bank, one of the leading financial institutions in the UAE, to implement its 'ASSURE…
Egypt central bank approves instant payment regulations
Egypt's central bank has approved regulations designed to allow people to make instant electronic payments between bank accounts using their…