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UBF Advisory Council evaluates transformation of banking sector

07 Oct 2019

Business Bureau, Gulf Today A meeting between members of the CEOs Advisory Council of the UAE Banks Federation (UBF) was held on Monday. The meeting discussed recent developments, issues and...

Cabinet adopts 10 strategic resolutions to provide jobs to 20,000 Emiratis

29 Sep 2019

The UAE Cabinet adopted ten strategic resolutions to support Emiratisation on Sunday during a meeting chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister...

Turkey banks to kick-start lending

21 Sep 2019

Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government...

NBO closes $300m term loan facility

21 Sep 2019

National Bank of Oman (NBO), has successfully closed its debut $300 million 3-year syndicated term loan facility which was signed on Aug.29th, 2019. The proceeds of the facility will be...

BOJ keeps policy steady, hints at chance of easing in October

19 Sep 2019

The Bank of Japan (BOJ) kept monetary policy steady on Thursday but signaled the chance of expanding stimulus as early as its next policy meeting in October by issuing a...

Launch of new online banks in Hong Kong faces further delay

17 Sep 2019

The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, people with direct knowledge of the matter...

Investor's aide, bank manager defraud him of Dhs17.5 million

15 Sep 2019

Hamza M. Sengendo, Staff Reporter A bank manager teamed up with an investor’s assistant to drain Dhs17,520,794 from the investor’s account, a jury heard on Sunday. The Asian manager,...

China bank loans rise in August, further policy easing expected

13 Sep 2019

China’s banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade...

Consumers’ trust in UAE banking increases from 68% to 74%: Survey

12 Sep 2019

Business Bureau, Gulf Today UAE Banks Federation (UBF) has unveiled the results of its 2018 Trust Index Survey, which has been recently completed, revealing that 74% of respondents had high...

Man steals credit card info of 1,300 people by memorising it

09 Sep 2019

At a time when data breaches have become common, a clerk in Japan stole credit card information by just looking at and memorising the details of over 1,300 customers....

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