Browsing: Banking

The SWIFT User Group Steering Committee and the National SWIFT Users Group in the UAE…

EBINTEC a global conference is one of the most important and prestigious conferences in the…

According to the latest report from the World Bank on Global Economic Prospects, the real GDP of the UAE is anticipated to increase by 3.4% in 2023, with further growth to 3.7% in 2024 and 3.8% in 2025.

IHC’s Board has sanctioned the initiation of transferring 2PointZero, a cutting-edge holding company encompassing diverse and dynamic firms, with plans to AED 100B ($27.2bn) in assets.

UAE Central Bank has revised its Finance Companies Regulation to oversee businesses offering short-term credit and buy-now-pay-later.

The Central Bank of the UAE (CBUAE) has revised its GDP growth outlook for 2024, expecting a 5.7% expansion, up from the previous projection of 4.3%.

Savings deposits in the UAE banking sector, excluding interbank deposits, reached AED 265.6B by October 2023, as per the latest data from the UAE Central Bank.

Central Bank of the UAE (CBUAE) has published data indicating a notable increase in cash deposits to AED 687.2B in October, reflecting a substantial annual growth of 10.2 percent or AED 63.7B from October 2022’s AED 623.5B.

Abu Dhabi Commercial Bank has agreed to sell 80% of its stake in Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a subsidiary of Ethmar International Holding based in Abu Dhabi. The announcement was made by the bank on Thursday

First Abu Dhabi Bank (FAB) has made history as the inaugural MENA bank to release a climate report aligned with the Task Force for Climate-Related Financial Disclosures (TCFD).