Monday, May 5, 2025

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

Sheikh Mohammed announces AI as mandatory subject in UAE schools

Dubai: The UAE Cabinet has approved the final curriculum to introduce Artificial Intelligence (AI) as a subject across all...

UAE lifts Lebanon travel ban, allows citizens from May 7

Abu Dhabi: The UAE will lift its travel ban on Lebanon, allowing Emirati citizens to visit the country starting May 7, 2025, the Ministry...

UAE weather: Slight temperature drop and dusty conditions expected

Dubai: Residents can expect clear to partly cloudy skies today, with a slight, gradual decrease in temperatures, especially along the coastal areas, according to...

Saudi Arabia’s Public Investment Fund issues 7-year dollar-denominated sukuk

Saudi Arabia's Public Investment Fund is heading to the international bond market for the second time this year. It started Saudi Public Investment Fund PIF...

MoHRE clarifies refund rules for domestic worker recruitment fees

Abu Dhabi: The Ministry of Human Resources and Emiratisation (MoHRE) has outlined the specific conditions under which domestic worker recruitment offices in the UAE...