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    Powerhouse banking shares drive market cap gains of Dhs61 billion

    25 Mar 2020

    Abu Dhabi’s main stocks index was up 7.23 per cent to 3,915 points on Wednesday, driven by gains at some of the blue chips, specially powerhouse banking stocks, with DFM’s General Index following suit, and closing 6.42 per cent high at 1,823.

    Indian banks asked to prepare emergency credit lines for SMEs

    26 Mar 2020

    With the coronavirus pandemic causing nationwide lockdown and affecting businesses, the government has decided to pitch in with its support for the corporate sector to prevent any liquidity problems for them.

    Dubai banks announce business relief package for customers

    21 Mar 2020

    Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, banks in Dubai have come together to offer a comprehensive relief package

    Banks are committed to serve customers with full force

    21 Mar 2020

    UAE banks have come together to announce relief package for customers to ease the financial pressure they are experiencing due to current economic environment in the wake of coronavirus outbreak.

    Package for waiver of minimum balance fee

    21 Mar 2020

    The two banks (Dubai Islamic Bank and Emirates Islamic) encourage members facing current situation to get in touch with their Relationship Managers to discuss and agree on optimal solutions.

    Egypt banks asked to apply limit on daily withdrawals and deposits

    29 Mar 2020

    Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.

    UBF to promote transformation, growth of UAE banking sector

    01 Mar 2020

    UAE Banks Federation (UBF) announced that it has launched two new technical committees (Fintech and Consumer Protection) and three advisory committees (Compliance, Risk, and Information Security)

    RBI announces Rs10,000 crore purchase of govt securities

    19 Mar 2020

    The Reserve Bank of India (RBI) announced it would purchase government securities worth Rs10,000 crore through open market operations in a bid to increase liquidity and enhance confidence in the market amid the coronavirus crisis.

    World leaders rush in to shore up panic-hit financial system

    19 Mar 2020

    World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors everywhere dumped assets, switching to dollars amid the escalating coronavirus pandemic.

    UAE lender implements support measures for its stakeholders

    20 Mar 2020

    First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, is implementing a series of additional financial relief measures to support customers during the current COVID-19

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