Saturday 23 September 2017
 
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UAE banks

Term deposits in UAE banks rise by $5.4bn

Medium and long-term deposits in UAE banks increased by Dh19.9 billion ($5.4 billion) by the end of the first seven months of 2017, bringing to Dh210 billion the total deposits held the banking sector, a growth of 7 per cent over the correspondi

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UBF launches threat intelligence sharing platform

The UAE Banks Federation (UBF), comprising 48 member banks operating in the UAE, has launched its first Information Sharing and Analysis Center (ISAC), powered by Anomali, provider of market-leading threat intelligence platforms.

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Large UAE banks set to post solid profitability: Moody’s

Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, said Moody's Investors Service in a new report. The

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UAE banks offer tips against scams

The UAE Banks Federation (UBF), a professional body representing 48-member banks operating in the UAE, has shared some easy-to-implement tips which can help residents in the UAE protect themselves against certain types of fraud. T

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Short-term deposits in UAE banks hit $119bn in H1

The total value of short-term deposits in UAE banks reached Dh439.7 billion ($119 billion) by the end of June, rising by Dh27.9 billion during the first half of the year, according to UAE Central Bank statistics. According to Cent

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UAE bank ATMs surge to 5,219, up 2pc in H1

The number of automatic teller machines (ATMs) operated by banks in the UAE hit a total of 5,219 by end of H1, an increase of 2 per cent from 5,118 in the same period in 2016, according to UAE Central Bank statistics. The continua

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UAE banks group launches customer service drive

The UAE Banks Federation (UBF) has announced that it has secured the support of the Central Bank for its initiative that aims to develop a unified framework to handle customer complaints, a report said. The UBF is a professional b

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UAE banks reception alongside Wold Bank, IMF meets

UAE’s Ministry of Finance (MoF), in collaboration with the UAE Central Bank and Dubai International Financial Centre (DIFC), will organise the UAE Banks reception alongside the upcoming International Monetary Fund (IMF) and World Bank annu

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UAE 'contains' problem of SME debtors skipping country

The problem of small business owners in the United Arab Emirates "skipping" the country over unpaid debts has been contained, although it is set to remain an issue well into next year, the head of the Gulf state's banking federatio

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UAE banks to study impact of new impairment rules

Banks in the UAE have been given until June 16 to assess the impact of new accounting standards, which are likely to raise the impairments required against bad loans, according to a central bank document seen by Reuters. Lenders a

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