Monday, September 9, 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-Manila flight: Dh1 tickets offered by airline until September 10

Filipino expats in Dubai who are planning to fly to Manila are in for a treat. They can now...

Free Golden Visa: Some Dubai property developers offer to pay for up to 3 family members

Some developers in Dubai are offering and paying for multiple Golden Visas to investors and their family members in order to attract high-net-worth individual...

Visiting UAE? A Guide to Your UAE Visa Status Online

The UAE plans to welcome 40 million guests to the country and its hotels by 2031, a government official said to Khaleej Times. This...

Indian-Saudi partnership to manufacture electric cars

Indian company World Wizard has announced plans to build two electric vehicle and cell plants in Saudi Arabia. Word Wizard Innovations & Services announced that...

Today Gold Rate in Saudi Arabia – 2nd Sep 2024

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 3,627.44 while 24k Per 10 Gram gold price is SAR 3,110.00. Usually...