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    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

    RBI announces Rs30,000 crores OMO purchase of govt securities

    20 Mar 2020

    The Reserve Bank of India on Friday announced it would undertake additional purchase of government securities worth Rs30,000 crore through open market operations (OMO) in a bid to increase liquidity and enhance confidence

    Fund transfers between UAE’s banks amount to Dhs5.054tr

    31 Aug 2020

    The total value of fund transfers among the UAE’s banks amounted to Dhs5.054 trillion during the first six months of 2020, according to the statistics released by the Central Bank of the United Arab Emirates.

    Chinese bank lists $1.2b green bonds on Nasdaq Dubai

    18 Aug 2020

    Li Xuhang, Consul General of the People’s Republic of China in Dubai, rang the market-opening bell at Nasdaq Dubai on Tuesday to celebrate the listing by China Construction Bank (CCB), of two green bonds of $700 million and $500 million respectively.

    Emirates NBD’s Smart Pass for safer digital transactions

    01 Aug 2020

    Emirates NBD, a leading banking group in the MENAT region, has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions.

    FAB issues Formosa bond globally

    04 Aug 2020

    First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

    HSBC speeds up plans to axe 35,000 jobs worldwide as profits dive

    03 Aug 2020

    Europe's biggest bank said it had been hit by falling interest rates disruption caused by the coronavirus and political tensions between the US and China.

    FAB distributes nearly Dhs4m to over 6,000 SME merchants

    21 Aug 2020

    First Abu Dhabi Bank (FAB) is disbursing nearly Dhs4 million in rebates to merchants as part of Abu Dhabi’s relief measures initiated by the effects of COVID-19.

    Hungary CB keeps interest rates on hold, launches bond purchase

    29 Apr 2020

    Hungary’s central bank (CB) left interest rates on hold and said it would begin its bond-buying scheme and mortgage bond purchase on May 4 without any set target amount, to soften the economic impact of the novel coronavirus pandemic.

    UAE’s banking sector acts quickly to provide relief

    30 Apr 2020

    The UAE banking sector is on solid growth track and is marching ahead despite COVID-19 challenges. Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank

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