Monday, March 10, 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

Sharjah’s Ramadan Nights offers up to 75% discounts, entertainment galore

Sharjah: Expo Centre Sharjah witnessed a huge turnout as the much-anticipated ‘Ramadan Nights’ exhibition kicked off on Friday. Running until...

Ramadan in Dubai: RTA to distribute free Iftar meals at metro stations

In keeping with the spirit of togetherness and sharing blessings during the holy month of Ramadan, Dubai's Roads and Transport Authority (RTA) will be...

Sharjah unifies SMS parking payment system

Sharjah on Thursday, March 6, said that the SMS payment format for public parking users has been unified across all cities in the emirate. The...

Schengen visa: UAE residents can book appointment slots in April via these countries

UAE: Planning Europe trip this summer? Apply for your Schengen visa now Traveling to Europe during the summer holidays has become a common affair for...

Dubai Introduces Seamless, Ticketless Parking System Across Key Locations

A revolutionary, fully automated, and hassle-free parking system is now in operation in select areas of Dubai, offering a seamless experience for motorists. With no...