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UAE national banks lead in sustainable financing

19 Sep 2023

National banks in the UAE are playing a pivotal role in promoting sustainable financing and supporting climate neutrality initiatives, in line with the UAE government’s vision to promote sustainable economic...

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...

Italy’s tax on banks could jolt investor trust

09 Aug 2023

A drive to shore up its political base and appeal to the less well-off lay behind the Italian government’s decision to impose a windfall tax on banks but its clumsy...

UAE banking sector has strong liquidity buffers, says CBUAE

14 Jul 2023

The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of the UAE financial...

CBUAE, bank CEOs discuss financial sector support for COP28 in UAE

05 Jun 2023

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), held a meeting with CEOs of UAE banks to discuss priorities and future initiatives for the banking sector,...

EDB signs MoU with Abu Dhabi’s IDB

02 Jun 2023

Emirates Development Bank (EDB), a key financial engine of the UAE’s economic development and industrial advancement, signed a Memorandum of Understanding (MoU) with the Abu Dhabi Department of Economic Development’s...

HSBC reviewing a possible exit from a dozen countries

24 May 2023

HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion,...

UAE ranks second globally in customer trust, says UBF

19 May 2023

The UAE ranked second globally in terms of customer confidence in banks at 84 per cent in 2022, according to the index conducted annually by the UAE Banks Federation, this...

UAE bank investments at all-time high

19 May 2023

Bank investments in the UAE touched Dhs541 billion by the end of February 2023, the highest level in the country’s history, a report by the Central Bank of the United...

Facing a prospect of shrinking savings

11 May 2023

European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently...

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