Thursday 5 May 2016
 
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UAE banks

UAE banks devise plan to help struggling SMEs

The UAE banks have agreed a plan to help small-and medium-sized businesses (SMEs) struggling with debt, including suspending payments and restructuring loans. Many businesses in the Gulf have had difficulty repaying hefty debts af

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UAE banks cut credit lines to SMEs after defaults

Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers. As weak oil prices prompt a drying up of

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Government bond issue ‘will ease pressure on UAE banks’

Arqaam Capital, the specialist emerging markets investment bank, said in a strategy note that the expected UAE Federal bond issue would ease deposit pressure on the domestic banking sector. The bond issue will also result in limit

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SAS offers new data management tool for banks

SAS, a global leader in analytics, is offering the SAS Risk Data Aggregation and Reporting to help clear mismatched data infrastructures and siloed processes within banks by building the needed bridges between these data islands or stores.

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UAE bank liquidity ‘still good’

Liquidity in the United Arab Emirates banking sector is still good and the government has adequate means to manage liquidity, the chief executive of Dubai's Mashreq bank said on Tuesday. "Our government has lots of resour

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Adib eyes UAE expats as industry growth slows

Abu Dhabi Islamic Bank (Adib) will focus on winning more business in the United Arab Emirates' expatriate community this year as growth in the national banking sector slows, the bank’s chief executive said. Total UAE ban

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UAE banks ‘not meeting customer needs’

Banks in the UAE are not meeting customer expectations, according to a recent study by TNS, a leading global custom market research organisation. The study looked closely at the services offered by corporate banks with the outcome

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Mashreq eyes Citigroup's Egypt retail business

Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz

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Big UAE banks shun credit bureau over liability row

Some of the biggest banks in the United Arab Emirates are refusing to use an organisation set up to help them assess potential borrowers, the head of the Gulf state's banking lobby group said. Authorities see the recently-open

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UAE residents ‘tend to save outside the country’

Nearly half of UAE residents choose to save their money in bank accounts outside their country of residence, a report said. More than 48 per cent of respondents of an annual survey conducted by compareit4me.com, a UAE-based financ

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