UAE's Sharjah Islamic Bank readies capital-boosting dollar sukuk
United Arab Emirates' Sharjah Islamic Bank is expected to issue U.S. dollar-denominated sukuk, or Islamic bonds, by the end of…
Retail Banking
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Second Merger Wave May Hit U.A.E. Lenders as Industry Shrinks
Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability…
Standard Chartered innovation fund eyes FinTech investments in the region
SC Ventures, a fully owned subsidiary of Standard Chartered, is currently in talks with potential partners to jointly invest about…
Dubai has world's most expensive Internet – Deutsche Bank report
A new report says Dubai has the most expensive average Internet prices in the world. The report is from…
Emirates NBD turns to SAS to oversee its digital transformation journey
SAS Analytics has partnered with Emirates NBD in an effort to help them execute its digital transformation vision. As…
All major Gulf markets perform strongly
All major Gulf markets performed strongly on Monday after last week's holidays as a global rally lifted regional sentiment, with…
RAKBANK and Newgen Software Win the Best Branch Digitization Initiative Awards, 2019
National Bank of Ras Al Khaimah and Newgen Software were announced the winners of The Asian Banker Middle East and…
Enoc Group gets $690m term loan from Chinese banks
UAE-based Emirates National Oil Company Group has secured a five-year term loan worth $690 million from a Chinese consortium of…
FAB partners with ADSSA to deliver state-of-the-art payment solutions
First Abu Dhabi Bank has signed an agreement with the Abu Dhabi Social Support Authority to provide a state-of-the art…
Saudi Lead Markets Higher
All major Gulf markets performed strongly yesterday after last week’s holidays as a global rally lifted regional sentiment, with Saudi…
Retail banking strategy to drive asset growth
Emirates Islamic’s balance sheet is dominated by retail banking assets and going forward, this will continue to be the key…
DIB gets regulatory nod to acquire Noor Bank
Dubai Islamic Bank said on Monday it has received regulatory nods to acquire 100 per cent in Noor Bank, through…