CBUAE enhances NPL reporting
The Central Bank of the UAE is enhancing its reporting of Non-Performing Loans for the UAE banking system to align…
Retail Banking
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UAE Central Bank announces M1 decreases by 0.02%
The Central Bank of the UAE has announced that the Money Supply aggregate M1 fell by 0.02 percent, from AED507.3…
Abu Dhabi Islamic Bank finances Saudi property acquisition in Manchester
Abu Dhabi Islamic Bank said on Tuesday it provided financing to Saudi Arabia’s Cedar Tree Investments to buy a 280…
Kuwait's Burgan Bank hires HSBC, JPMorgan to coordinate bond sale
Kuwait’s Burgan Bank has hired HSBC, JPMorgan to coordinate fixed income investor meetings ahead of a potential issue of a…
Syndicated 2-year term financing facilities for United Arab Bank
United Arab Bank has announced the successful conclusion of its US$ 195,000,000 2-year Syndicated Term Loan Facility signed on 19…
UAE-based RAKBANK repays $800mln bond
The National Bank of Ras Al Khaimah, RAKBANK, has announced the repayment of the outstanding nominal amount of US$681.67 million…
Etisalat, Noor Bank launch eWallet in UAE
Etisalat and Noor Bank have partnered to launch eWallet, a new digital payment service aimed at empowering UAE customers with…
UAE's biggest lender FAB to shut Qatar operations amid row with Doha
First Abu Dhabi Bank, the biggest lender in the United Arab Emirates, said it will close its sole branch in…
Bank ABC first to launch biometric identification
Bank ABC’s new mobile-only bank will be able to onboard customers using US-based Jumio’s biometric-based identity verification technology, under a…
Commercial banks’ total assets grow 6% to QR1.43tn at end-May: QCB
Total assets of commercial banks in Qatar registered about 6% year-on-year increase to QR1.43tn at the end of May this…
Emirates Development Bank to 'significantly' boost SME lending
Emirates Development Bank could “potentially double” the size of its small- and medium-sized financing portfolio in 2019 and plans to…
Fitch affirms Emirates Development Bank’s ratings at AA-
Fitch Ratings has affirmed the rating of the Emirates Development Bank (EDB) at AA- The bank’s support rating (SR)…