Browsing: Banking

Central Bank of the UAE (CBUAE) reported that gross banks’ assets, including bankers’ acceptances, increased by 0.5% from AED 4.287T in May 2024 to AED 4.310T in June. Gross credit also rose by 1.1%, driven by a 0.8% increase in domestic credit and a 2.9% rise in foreign credit.

Bank of Sharjah has successfully priced a $500M senior unsecured bond in international markets. The issuance attracted significant interest from global investors, reaching an order book of $1.4B, nearly three times oversubscribed.

Saxo Bank, a prominent multi-asset trading and investment firm with operations in the UAE and…

RAKBANK and Edenred’s Collaboration to Advance Digital Remittance Solutions UAE – The United Nations Capital…

The Central Bank of the UAE (CBUAE) has issued an administrative penalty against an insurance company operating within the UAE, in accordance with Article 33 (2) (a) of Federal Decree-Law No. (48) of 2023, which governs the Regulation of Insurance Activities.

Orient Insurance, a prominent insurance company in the Middle East and a subsidiary of Al-Futtaim…

In a strategic move to guide firms through the expanding digital assets sector, the Institute…

Wio Bank PJSC has introduced a groundbreaking loyalty program allowing customers to earn Etihad Airways’…

Dubai, UAE – The Central Bank of the UAE (CBUAE) and Dubai Courts have signed…

The Central Bank of the UAE (CBUAE) has imposed a financial penalty on a bank operating within the Emirates.