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Emirates Development Bank, a key financial engine for the economic development and industrial advancement of the UAE, and the Ministry of Economy
Bank of Sharjah (BoS), one of the leading commercial banks in the UAE, announced the approval to increase the capital by Dhs800 million during its Annual General Meeting held on 4 May 2023.
Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, on Friday acquired a 7.6 per cent stake in Abu Dhabi Islamic Bank (ADIB)
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 Arab Emirates revealed.
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,
Eleven UAE national banks have reported circa Dhs7.74 billion net profit in first quarter of 2021, a growth of 9.6 per cent over the same period last year.
Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank
The aggregate capital and reserves of banks operating in the UAE increased 13.3 percent, reaching Dhs481.5 billion by the end of November 2023
Al Etihad Credit Bureau (AECB) has launched ChequeScore, a mobile application that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce. “ChequeScore
Shareholders of Sharjah Islamic Bank (SIB) have approved increasing the percentage of foreign ownership of the bank’s shares to 40 per cent, at the Annual General Meeting that took place on Sunday headed by Abdul Rahman Al Owais, Chairman of the