Friday, November 22, 2024

UAE Banks

UAE banks attract new deposits worth AED 54 billion

Deposits in UAE banks recorded a remarkable growth of 8.9% during the first five months of 2024, with total new deposits exceeding AED 54 billion. Banks operating in United Arab Emirates In attracting new deposits during the first five months...

UAE banks increase their loans by 15 billion dirhams in a month

Total banking assets in the UAE rose by 10.8% to Dh4.287 trillion at the end of May. Has risen Total bank credit in UAEAED 15 billion, or 0.7%, from AED 2.063 trillion at the end of April to AED 2.078...

UAE banks increase their loans by 26 billion dirhams in a month

Total assets of banks in the UAE rose from Dh4.254 trillion at the end of March to Dh4.296 trillion at the end of April. Total increased Credit granted Of banks in the UAE by 0.8% or AED 26 billion from...

UAE banks increase their financing for trade and industry to exceed 748 billion dirhams

Traditional banks accounted for about 680.8 billion dirhams, or 82.2% of the credit financing granted to the trade and industry sectors in the UAE at the end of last February. The cumulative balance of credit provided by national banks to...

UAE Banks Lead Regional Revenue Surge as Digitalization Slashes Branch Costs Across Gulf

Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail...

Latest News

Dubai’s new ‘islands’ out to create another offplan property wave

Dubai: It’s not just offplan property launches that are booming in Dubai – there are ‘islands’ too. Coming off the...

UAE clarifies eligibility of applicants for extended visa amnesty

Abu Dhabi: The Federal Authority for Identity, Citizenship, Customs, and Port Security has confirmed that individuals violating residency and visa regulations after September 1...

UAE’s National Day celebrations to be called Eid Al Etihad

The official name for the UAE National Day celebrations is 'Eid Al Etihad', its organising committee announced on Tuesday. The name emphasises the theme of...

UAE: Students who have not cleared EmSAT can reapply to universities

After UAE authorities announced the cancellation of EmSAT entrance exam in early November, the Ministry of Higher Education and Scientific Research allowed universities to...

No luggage queues at Dubai’s new airport

Dubai: Passengers arriving at Dubai World Central’s new terminal won’t have to wait for their bags - instead, the luggage will be ready at...