Tuesday 7 July 2015
 
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UAE banks

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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UAE banks to get 5 years to obey exposure rules

Banks in the United Arab Emirates are likely to get about five years to conform to new large-exposure rules which the central bank will impose, the head of the banking industry association said on Monday. In an effort to prevent a

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UAE banks seek grace period, exposure limit

Banks in the UAE are seeking a five-year grace period and the exclusion of bonds from planned central bank rules that will limit their exposure to state-linked borrowers, a banking industry body said on Monday. In April last year,

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UAE banks agree $245m loan for 3-tower project

Two banks in the United Arab Emirates have signed a 900 million dirham ($245 million) loan facility to fund construction of a three-tower real estate project adjacent to Dubai's main thoroughfare. Dubai's real estate secto

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UAE cbank extends lending cap by six months

  National Bank of Abu Dhabi (NBAD) said the UAE central bank had extended its deadline to comply with limits on commercial banks' lending to state-linked companies by six months.   The central

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UAE banks ink $1bn Arabtec JV finance deal

A consortium of UAE banks led by top lender Mashreq has secured a Dh4-billion ($1.08 billion) financing deal, with a joint venture between TAV-CCC-Arabtec for the construction of midfield terminal building at Abu Dhabi’s International Airp

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