United Gulf Bank EGM to decide on a reorganisation proposal of the bank
Following a detailed internal review of UGB’s balance sheet structure, the Board of Director’s proposed for shareholders approvals to carve…
Retail Banking
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Israel’s Biggest Bank Partners Microsoft to Offer Bank Guarantees on a Blockchain
Microsoft is partnering with Israel’s Bank Hapoalim on a blockchain-based platform to support digital bank guarantees for customers, according to…
Doha Bank highlights Qatar-UK economic ties
Despite the economic blockade on Qatar and UK’s Brexit issues, both the countries have flourishing bilateral trade and business relations. …
FAB announces Group CRO retirement and new appointment, plus new senior management
“We would like to thank Abhijit for his invaluable contribution to building a robust risk management capability at NBAD and…
Bahraingoes for ‘ambitious’ 30year
BNP Paribas, Citi, Gulf International Bank, JP Morgan and National Bank of Bahrain will take the BB-/BB+ rated sovereign on…
Around 400 jobs axed across Abu Dhabi’s banks
Around 400 jobs were axed across the banking sector in Abu Dhabi over the three months from April to June,…
UAE residents falling short on insurance to protect family members
About nine in UAE residents support a family member, however only a fraction have life insurance or adequate coverage for…
Commercial Bank of Dubai upgrades core system with ITS
International Turnkey Systems, the market leading provider of comprehensive Shariah-compliant financial solutions, announced the successful package upgrade of PHOENIX Core…
Net income of Abu Dhabi-based commercial banks hits Dhs9bn in Q2 2017
The net income of Abu Dhabi-based commercial banks amounted to Dhs9 billion during Q2 2017, a growth of 4.1 per…
Doha Bank CEO Says in Talks With Foreign Lenders to Raise Debt
Doha Bank QSC is talking to foreign lenders about the possibility of raising long-term funding either through a private placement…
NRIs drive UAE bank deposit growth
Driven by non-resident segment, banking sector deposits in the UAE rose by a moderate 0.2 per cent month on month…
UAE’s big banks maintain stable profitability
The top four UAE banks that account for more than 60 per cent of the banking system assets in the…