The direction for UAE banking is clear: security, compliance, and customer experience must advance together, says Kalem
Established in 1989, FWBL operates as a full-fledged commercial bank with 42 branches across the country, offering retail, SME, and corporate banking services
More than 300,000 commission-free trades were executed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai
The central bank’s total balance sheet stood at Dhs972.3bn, comprising Dhs449.1bn in current and deposit accounts
The journey toward an AI-enabled future requires a commitment to ethical practices, robust risk management and a proactive approach to navigating the evolving regulatory landscape
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 4.25 to 4.5 per cent
Families can also access tailored financial products such as instalment plans and lending solutions, making it easier to manage expenses and plan for the future
Mashreq’s seasoned in-country teams combine deep local expertise with global capabilities to deliver sophisticated corporate and investment banking solutions
FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent
The UAE is poised for rapid advancements in financial technology innovations, artificial intelligence, and blockchain technology
The right sort of education in banking and finance is going to become even more important for the GCC in a world of technology-driven automation and climate change, says the MD of MENA and Asia at The London Institute of Banking & Finance
Jamal Saleh, director general of the UAE Banks Federation (UBF), emphasises the need for a robust and inclusive digital lending ecosystem in the UAE to support economic growth and financial inclusion
Apart from the banks being institutions of public trust, we cannot forget that they are, at the same time, companies focused on sales, growth, and expansion
The Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange
On a quarter-on-quarter basis, liquid assets rose by 2 per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023
The share buyback will be carried out through open-market purchases and financed by the lender’s retained earnings and excess cash
This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations
Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT
The central bank imposed the hefty fine after an examination found deficiencies in the bank’s AML/CFT policies and procedures
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
Deliberations between the two lenders are reportedly ongoing but there is no certainty that they will result in a deal
National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The state investor posted a record-high net profit of Dhs60.8bn, buoyed by an increase of Dhs24.6bn from its transportation and banking businesses
The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations
Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics
Stiven Muccioli’s insights shed light on BKN301’s mission to revolutionise banking services, underscoring the importance of innovation, adaptability, and cybersecurity in the ever-evolving fintech landscape
AI can support more seamless experiences with BaaS and embedded finance, such as faster and more accurate credit decisions and fraud detection
The new tax regime clarifies that the headline 9 per cent corporate tax will be creditable against the emirate-level tax on foreign banks
Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn
Net interest income in the fourth quarter increased by 17 per cent year-on-year to Dhs3.41bn