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    Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief

    Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief

    28 Aug 2024

    Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country's central bank chief told Reuters on Tuesday, as the...

    Court rejects bank’s request to obligate customer to pay Dhs484,000

    Court rejects bank’s request to obligate customer to pay Dhs484,000

    14 Aug 2024

    Salam Abu Shehab, Staff Reporter The Abu Dhabi Commercial Court of First Instance revoked a lawsuit filed by a bank to obligate a man to pay Dhs484,825 as a...

    Dubai bank announces instalment deferment facility for customers hit by system glitch

    Dubai bank announces instalment deferment facility for customers hit by system glitch

    27 Jul 2024

    Gulf Today, Staff Reporter In line with its commitment to its valued customers, Dubai Islamic Bank (DIB) has deferred the July installments of all customers whose installments could not be...

    Abu Dhabi Social Support Authority to provide up to Dhs150,000 'Marriage Loan' to newly-wed Emiratis

    Abu Dhabi Social Support Authority to provide up to Dhs150,000 'Marriage Loan' to newly-wed Emiratis

    23 Jul 2024

    The Abu Dhabi Social Support Authority (SSA) has introduced the Marriage Loan initiative, implemented as part of the Abu Dhabi Family Well-being Strategy and the Emirati Family Growth Programme,...

    Pakistan reaches new $7 billion loan deal with IMF

    Pakistan reaches new $7 billion loan deal with IMF

    13 Jul 2024

    Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country's latest turn to the global lender for help...

    UAE banks to allow loan instalments to be deferred by six months following bad weather

    UAE banks to allow loan instalments to be deferred by six months following bad weather

    22 Apr 2024

    The Central Bank of the UAE (CBUAE) on Monday issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and...

    Pakistan makes formal request for IMF package

    Pakistan makes formal request for IMF package

    20 Apr 2024

    Pakistan has made a formal request to International Monetary Fund (IMF) for seeking the next bailout package in the range of $6 to $8 billion under the Extended Fund Facility...

    Pakistan struggling to arrange $1.8 billion for repayment of Chinese loan

    Pakistan struggling to arrange $1.8 billion for repayment of Chinese loan

    01 Mar 2024

    Pakistan's foreign exchange market is tense on reports about the expected higher dollar outflows, local media reported. State Bank of Pakistan (SBP) is currently burdened with arranging $1.8 billion...

    Debt trap

    Debt trap

    10 Oct 2023

    Debt trap

    National banks give Dhs28.4b in loans to businesses, industries

    National banks give Dhs28.4b in loans to businesses, industries

    14 Aug 2023

    According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around Dhs28.4 billion...

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