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United Arab Emirates Banking News. Service for global professionals. Constantly updated news and information about United Arab Emirates.
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  • WRAPUP 1-IMF reviews UAE economy, Dubai budget gap up 7 Jan 2010 17:36 GMT
    ... reviewed the shape of the United Arab Emirates' economy following a debt crisis. Dubai, a ... debt crisis. Dubai, a member of the UAE federation, received a last-minute bailout from fellow ... government statement sent to Reuters by a banking source. Saleh declined to comment on figures ...

  • UAE banks face no liquidity problems: central bank governor 7 Jan 2010 06:18 GMT
    ... The banks in the United Arab Emirates (UAE) do not have any liquidity problems, but enjoy high liquidity and are not in ...

  • Marsh: Corporate Governance 'Largely Undeveloped' in United Arab Emirates 7 Jan 2010 04:37 GMT
    ... largely undeveloped discipline in the United Arab Emirates (UAE)." The survey of delegates at the Marsh ... gas, tourism, sovereign wealth funds, construction and banking, attended the event at the Abu Dhabi ...

  • UAE fund plans to invest $5.2 b: Indonesia 7 Jan 2010 06:17 GMT
    ... be laid in March.” MEC from the emirate of Ras Al Khaimah is a joint venture between UAE investment fund RAK Minerals and Metals Investments ... had received financing commitments from Middle East banks and had the technology needed for the ...

  • Bankers expect details on Dubai World debt revamp 7 Jan 2010 13:35 GMT
    ... DUBAI - Dubai World, the state-owned holding company ... report in Alrroya Aleqtissadiya quoted an unidentified banking source saying that Dubai World would "answer ... was the largest sukuk structure in the Emirate, and secondly it carried the guarantee of ...

  • HSBC Appoints New CEO for the UAE 7 Jan 2010 03:40 GMT
    ... Sharaf as chief executive officer for the UAE, a new senior management position within the bank. ... previously regional chief executive of HSBC’s personal banking division. Prior to his move to HSBC, Sharaf ...

  • Noor Islamic Bank and Noor Takaful create interactive online forum connecting all UAE nationalities 7 Jan 2010 07:51 GMT
    ... The launch and adoption of this medium is in ... and customer care and augmented its electronic banking network to cover more than 84 ATMs across ...

  • Islamic banks outperform non-Islamic banks in UAE quality bank benchmarking study 7 Jan 2010 10:37 GMT
    ... ...

  • Inflationary Commodity Super Cycle Bull Market Ready to Rumble in 2010 7 Jan 2010 12:31 GMT
    ... The colossal V-shaped recovery of the global stock ... gimmickry, and the “nuclear option” of central banking – “Quantitative Easing,” (QE), to rescue the ... year, but even now, the United Arab Emirates may have overtaken India in gold imports. ...

  • UPDATE 1-Dubai ruler clears 2010 budget with 2 pct/GDP gap 7 Jan 2010 15:26 GMT
    ... (Reuters) - Dubai's ruler approved the Gulf emirate's 2010 budget with a deficit of 2 ... government statement sent to Reuters by a banking source. Saleh declined to comment on figures ... worth of debt with its creditors. The UAE federation and Abu Dhabi banks provided Dubai, ...

  • Driving customers back in 7 Jan 2010 16:54 GMT
    ... Last Updated: January 07. 2010 8:31PM UAE / January 7. 2010 4:31PM GMT An ... But in December 2008 the crisis hit. Banks tightened conditions for car loans and with ... affected due to continued demand from cash-paying Emiratis. To spur sales, Al-Futtaim began offering anyone ...

  • Tawam Hospital maintains JCI accreditation 7 Jan 2010 07:31 GMT
    ... Dhabi, the largest of the United Arab Emirates. Tawam serves as a regional referral center ... hospital to receive JCI accreditation in the UAE. About Johns Hopkins Medicine International: Johns Hopkins ... Ambulatory and Primary Health Clinics, 2 blood banks, an educational autism center and is one ...

  • Kuwait debates the wisdom of a bailout 7 Jan 2010 14:59 GMT
    ... bailout Last Updated: January 07. 2010 6:46PM UAE / January 7. 2010 2:46PM GMT While it has ... effects on heavily indebted consumers, the Kuwaiti banking system and the country’s flagging stock market ... as vague, the legislation appears to require banks to stop collecting interest on consumer loans. ...

  • Transactions of Long Awaited Mobile Money Rise in Europe 7 Jan 2010 00:20 GMT
    ... Rise in Europe ­Both mobile operators and banks are turning to mobile transactions to foster ... four areas, namely: non-NFC based m-payments, mobile banking, remittance, and NFC based m-payments. "Solutions targeting ... specific markets, for example, Philippines-Hong Kong and India-UAE, have also been very popular. Currently, in the ...

  • Punjab National Bank Granted License To Operate From DIFC - DIFC Is Strategic Base For Bank's Middle East And Africa Operations 7 Jan 2010 11:13 GMT
    ... the region's preferred corporate finance and investment banking service providers. Abdulla Mohammed Al Awar, CEO,DIFC ... "As interest on deposits maintained with DIFC banks are entirely tax free, unlike many other ... big ticket deposits from investors outside the UAE market. From the new office, we will be ...


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