National Bank of Fujairah PJSC Q1 2015 net profit up by 29.6%
National Bank of Fujairah PJSC is pleased to announce its results for the three month period ended 31 March 2015.…
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Resilient economy boosts bank profits in first quarter
Nearly Half a dozen banks that reported their 2015 first quarter results on Wednesday showed the strong resilience of the…
Saudi Arabia timeline for foreign institutional investors’ access confirmed
“As a reminder, the draft rules published last year highlighted the points below. In our view, the foreign ownership limits…
Financing ‘still a top challenge for UAE SMEs’
Financing is still a top challenge facing entrepreneurs, according to 45 per cent of the 152 small and medium enterprises…
UAE Exchange joins hands with Bank of Baroda for FLASHremit
UAE Exchange , the leading global remittance, foreign exchange and payment solutions brand, has joined hands with Bank of Baroda…
UAE small businesses want to convert pricey loans into business mortgages
Small businesses are looking to roll high-interest post-crisis unsecured loans into commercial mortgages as banks ramp up their commercial portfolios…
Intesa Sanpaolo has opened its first branch in Istanbul, Turkey
The Italian lender Intesa Sanpaolo has opened its first branch in Istanbul, Turkey. To focus solely on corporate banking,…
Rakbank Announces AED 362.2 million Net Profit for the First Quarter of 2015
Rakbank today announced a net profit of AED 362.2 million for the three months ended 31 March 2015. Gross loans…
Gemalto launches Ezio Dynamic Fraud Manager, optimizing fraud protection for online banking
Gemalto, the world leader in digital security, reinforces its Ezio range of online banking protection with the newly integrated transaction…
Noor Bank's inaugural Sukuk successfully achieves lowest ever coupon pricing in UAE
Emirates News Agency Noor Bank successfully priced its inaugural five-year US500 million Sukuk today. With the final pricing of…
Saudi to Allow Only Large Foreign Institutions to Invest in Local Market
Saudi Arabia will only allow large foreign financial institutions to invest in its $550 billion stock market, its market regulator…
GCC region won't have VAT over the near term
UAE consumers can breathe a sigh of relief for now because no Value-added tax will likely be implemented in the…