Banking and FinanceTop StoriesUAE banks witness strong profitability in Q3GBO CorrespondentNovember 29, 2023November 28, 2023 GBO CorrespondentNovember 29, 2023November 28, 2023 UAE banks' impairment charges decreased by 11.7% in the third quarter when...
Real EstateTop StoriesMoody’s flags long-term risks for UAE developers amid high inflation & interest ratesGBO CorrespondentNovember 23, 2023 GBO CorrespondentNovember 23, 2023 Moody's predicts that consumer spending is likely to decline, and the risk...
Banking and FinanceTop StoriesReasons behind UAE banks’ huge surge in net incomeGBO CorrespondentSeptember 14, 2022September 13, 2022 GBO CorrespondentSeptember 14, 2022September 13, 2022 The top ten lenders in UAE had their net income increase by...
FeaturedMAGAZINEBlockchain is disruptiveGBO CorrespondentJuly 2, 2020 GBO CorrespondentJuly 2, 2020 The banks are using blockchain to improve trade finance, strengthen KYC and...
Top StoriesUAE urges banks to extend support to private sectorGBO CorrespondentApril 13, 2020 GBO CorrespondentApril 13, 2020 Previously, the central bank provided over Dh 61 billion in the form...
Top StoriesIslamic Development Bank launches $2 bn coronavirus response packageGBO CorrespondentMarch 26, 2020 GBO CorrespondentMarch 26, 2020 The package will help member states to cope with the impact of...
Top StoriesUAE central bank’s foreign assets reach Dh405.94 billion in February 2020GBO CorrespondentMarch 18, 2020 GBO CorrespondentMarch 18, 2020 The central bank's total foreign assets increased 13 percent compared to the...
Top StoriesDubai Islamic Bank approves increase in foreign ownership limitGBO CorrespondentMarch 16, 2020 GBO CorrespondentMarch 16, 2020 The bank's shareholders have approved foreign ownership limit of shares to 40...
Top StoriesUAE’s four largest banks’ profitability to remain strong in 2020GBO CorrespondentFebruary 27, 2020 GBO CorrespondentFebruary 27, 2020 The combined net profit of the four banks increased 13 percent to...
FinanceTop StoriesADIB funds $80 million Sharia-adhering facility to Oman Shipping CompanyGBO CorrespondentJanuary 24, 2020 GBO CorrespondentJanuary 24, 2020 OSC will invest the funds from this Ijara facility in purchasing very...