United Arab Emirates Banking News

Latest United Arab Emirates Banking News from World News Report

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India-Middle East corridor to grow by 34% by 2013: UAE
23 May 11:34 GMT

… ;s fastest-growing by next year, UAE's Minister of Foreign … first trade partner of the UAE, with our bilateral exchange topping … and almost all major Indian banks are represented locally, Sheikha Lubna … 500 weekly flights between the UAE and various Indian cities that …
Lebanese bankers say demand for dollars heavy but not unprecedented
23 May 07:50 GMT

Staff Wednesday, May 23 - 2012 at 11:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C. The information comprised in this section is not, nor is it …
Know your worth: How much bank branch managers get paid in UAE
23 May 03:55 GMT

… the UAE have to be Emirati as per local regulations,” Qazi told Emirates 24|7. Banking is … banks in the country have increased their emiratisation drive and many banks in …
NBO gets ready to offer Sharia-compliant banking service
22 May 16:06 GMT

… scholars to supervise its Islamic banking business. NBO is very keen … one in the United Arab Emirates. (Follow timesofoman.com on Facebook …
Emirates NBD names new CEO for top units
22 May 15:23 GMT

… Emirates NBD Group's Investment Banking business into a global investment banking … through Investment Banking activities. Kamran has been with the Emirates NBD Group … experience in corporate banking, international banking, financial institutions and investment banking. – TradeArabia News …
Dubai's Emirates NBD names new investment …
22 May 13:12 GMT

DUBAI, May 22 (Reuters) - Emirates NBD, Dubai's largest … chief executive of its investment banking arm Emirates NBD Capital, the bank … its investment banking and financial advisory businesses under its Emirates NBD Capital …
UAE markets rise as investors bet on merger
22 May 11:56 GMT

Abu Dhabi's two biggest developers, Aldar Properties and Sorouh Real Estate, rose for a second day on Tuesday as investors bet that the upcoming proposed US$15 billion merger will succeed. Aldar rose 4.6 per cent to Dh1.12 on the Abu Dhabi Securities …
Saudi banks could sell dollar bonds
22 May 08:31 GMT

Staff Tuesday, May 22 - 2012 at 11:03 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C. The information comprised in this section is not, nor is it …
How Indian expats in UAE can cash in on rupee@55 to US dollar
22 May 08:31 GMT

… to maximise remittances to India, Emirates 24|7 asked a financial … better interest rates as Indian banks are offering upwards of 9 … fixed deposits while local banks in the UAE are offering around 2 … that banks offer to remit money back into the source country (UAE …
Now, mobile remittances transfer from UAE to India
22 May 08:05 GMT

… bank in the United Arab Emirates [ Images ] has added a new … 2-3 days with standard mobile banking applications, giving users security, convenience … Naqbi, the head of direct banking and e-development at NBAD, said … , one of the largest banks in UAE offering state of the art …
IMF latest annual assessment of UAE economy
21 May 22:38 GMT

… in the United Arab Emirates is expected to moderate … chief for the UAE. The UAE has been reaping the … introduced aggregate limits on banks’ lending to government-related entities … the report says. Although the banking system maintains sufficient buffers …
UAE govt firms’ debt refinancing a challenge, says IMF
21 May 18:51 GMT

… debts of the United Arab Emirates’ government-related entities (GREs) remains a … also said that shielding the UAE banking system from further GRE risks … banks’ risks from GREs. The ratio of non-performing loans of national banks …
Abu Dhabi picks banks for realty merger talks
21 May 18:41 GMT

… other banks as financial advisers on the state-backed merger of the emirate … two companies on the deal, banking and industry sources said on … ,' said one of the banking sources. Analysts say the deal … struggling Aldar, and stabilising the emirate's brittle real estate …
Abu Dhabi picks banks for realty merger
21 May 17:06 GMT

… said on Monday. The oil-rich emirate has hired Goldman Sachs and … advising the companies, the three banking and industry sources said speaking … struggling Aldar, and stabilising the emirate's real estate market … , however, given the massive land banks the two companies hold and …
Mohammad Harris to share his insights at Oman Islamic Banking and Finance Conference 2012
21 May 11:16 GMT

… Head of Corporate & SME Banking, Structured Finance and Product Development … , both these banks contribute to 1% of the banking sector's … and reform banking laws allowing the setting up of Islamic banking institutions … - 2012 at 13:52 UAE local time (GMT+4) Replication …
UAE- NBAD and KFED launch fund for Emirati entrepreneurs
21 May 06:07 GMT

… 's commitment towards promoting Emirati entrepreneurial activity, encouraging economic diversification … continued commitment to further empower Emirati entrepreneurs and enable faster development … opening of several business banking centres throughout the UAE, exclusively serving SMEs …
UAE settles citizens’ defaulted loans — up to $ 1.4 m …
20 May 22:16 GMT

… defaulted loans for each indebted Emirati, state news agency WAM said … Emiratis who want to lead a luxurious life. In the past, banks … salary. After the UAE Central Bank intervened, banks approve only up to 20 times of the salary. The UAE …
‘UAE govt firms’ refinancing is a challenge’
20 May 22:12 GMT

… Refinancing the debts of the UAE government-related entities (GREs) remains a … made more difficult as European banks trim their activities in the … the prospects that some European banks may not renew their credit … debt has improved as the emirate, which has almost exhausted its …
UAE wants forex-violation notice to Etisalat dropped
20 May 21:56 GMT

… IST Emirates Telecommunications Corporation (Etisalat) has made a representation through the UAE … venture Etisalat-DB Ltd. The UAE (United Arab Emirates) government owns 60 per … currently being withheld by state-owned banks Punjab National Bank and Bank …
NBAD and KFED launch fund for Emirati entrepreneurs
20 May 19:45 GMT

… KFED’s commitment towards promoting Emirati entrepreneurial activity, encouraging economic diversification … continued commitment to further empower Emirati entrepreneurs and enable faster development … opening of several business banking centres throughout the UAE, exclusively serving SMEs …
UAE government firms' debt refinancing 'a challenge' - IMF
20 May 13:07 GMT

… funds to non-viable GREs * Banking system can absorb significant … of the United Arab Emirates' government-related entities (GREs) … more difficult as European banks trim their activities in … regular consultations with the UAE in March and February. …

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