Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative
Dubai’s biggest bank Emirates NBD announced that it has introduced new measures to support UAE businesses in line with recent…
Retail Banking
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Kuwait registers $12.08bln real estate deals in 2019 – KFH
The real estate sector in Kuwait has continued its positive trajectory that started four years ago, as it recorded sale…
UAE central bank cuts interest rates by 50 bps
The Central Bank of the UAE, CBUAE, said on Tuesday that it was cutting interest rates on certificates of deposit…
UAE lowers interest rates in line with US move
The Central Bank of the UAE has it will lower interest rates applied to the issuance of its Certificates of…
Abu Dhabi-based banks report Dhs40.3bn net income in 2019
Abu Dhabi-based commercial and Islamic banks reported a net income of Dhs40.3bn in 2019, reported news agency WAM. The…
Bumpy road ahead for UAE banks chasing Indian debtors despite new legal deal
Recovering billions of dirhams from loan defaulters who have fled to India won’t be easy for UAE banks even after…
British Arab Commercial Bank appoints Head of Commodity Finance
British Arab Commercial Bank has appointed Michael Rolfe to head up its Commodity Finance division. Rolfe, who will be…
GFH properties announces signing of top international retail brands to Harbour row
GFH Properties has announced the signing with top tier international brands that will establish their franchises as part of the…
Abu Dhabi's FAB launches new payment service for merchants
First Abu Dhabi Bank has launched a new “payment as a platform” service for merchants, consolidating a range of payment…
Saudi private sector strong in January but coronavirus may reverse growth
A relatively strong start to the year for Saudi Arabia's private sector may prove short-lived as the coronavirus outbreak is…
RippleNet network in UAE expands with Bank of Fujairah
RippleNet network in UAE is growing at an exponential pace. Ripple and National Bank of Fujairah have entered into a…
i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile Processing
i2c has announced it is expanding its presence in the Middle East and Africa due to high demand in the…