Tuesday 9 February 2016
 
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UAB

UAE bank UAB winds down SME business

United Arab Bank (UAB), hard hit by a surge in debt defaults among small business owners in the UAE, is winding down its small and medium-sized enterprises (SME) unit to focus on larger companies in a bid to return to profit, it said.

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UAB strengthens management team

United Arab Bank (UAB) has announced changes to its senior management team to support the bank’s strategy of delivering value to its customers and sustainable growth to its shareholders. Julio de Quesada will assume the new

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UAB leads $120m credit facility for Aegean Oil Terminal

United Arab Bank (UAB) has announced the successful closing of an $120-million credit facility for its client, Aegean Oil Terminal Corporation, a subsidiary of NYSE listed Aegean Marine Petroleum Network. The credit facility marks

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UAB leads $120m credit facility for Aegean Oil Terminal

United Arab Bank (UAB) has announced the successful closing of an $120-million credit facility for its client, Aegean Oil Terminal Corporation, a subsidiary of NYSE listed Aegean Marine Petroleum Network. The credit facility marks

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United Arab Bank backs UAE-Turkey business

United Arab Bank (UAB) has set up a dedicated desk to support Turkish businesses in the UAE, providing access to UAE contacts and networks, in a quest to become the preferred local bank for the Turkish business community in the UAE.

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UAB launches mobile banking app

United Arab Bank (UAB), the UAE’s fastest growing retail bank, has introduced a free mobile banking app allowing its customers to have secure and easy access to their accounts. Paul Trowbridge, chief executive officer said:

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UAB profit for H1 tops $70m

United Arab Bank (UAB) reported a strong net profit of Dh260 million ($70.7 million) for the first half of this year, representing an increase of 35 per cent over the same period in 2012. These results reflect the highest half yea

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Al Baraka chief to speak at key forum

Adnan Ahmed Yousif, board member of the Union of Arab Banks (UAB) and president and chief executive of Al Baraka Banking Group, was today announced as the keynote speaker for the upcoming “Professional Liability Insurance Forum,” t

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UAB, Al Ansari partner for payment solution

UAE-based United Arab Bank has entered into strategic partnership with Al Ansari Exchange (AAE), a top exchange company, towards providing an additional payment collection facility for its credit card customers. With immediate eff

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80pc of Arab banks ‘ready for new rules’

Eighty per cent of Arab banks are in a position to meet new international regulations on the level of reserves they need to hold while all banks in Bahrain meet these standards, said a top official. Union of Arab Banks (UAB) chair

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