uae Archives - Global Banking Monitor

Quarterly Profit of Top 10 UAE Banks Up by 5.6% Due to Reduced Impairment Charges

The aggregate net profit of the UAE's 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted...

UAE Central Bank Releases Anti-Money Laundering and Counter-Terrorist Financing Guidelines for Virtual Assets

The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies...

UAE Takes Part in Annual Spring Meetings of World Bank Group and IMF

The United Arab Emirates, represented by the Ministry of Finance (MoF), is participating in the 2023 Spring Meetings of the World Bank Group (WBG)...

UAE Banks Provide Relief to Borrowers with No-Instalment Periods on New Loans

Banks in the UAE are extending no-instalment periods of up to 3 months as incentives on new loans to offset concerns applicants have about...

Only 25% of UAE Banks have a tech chief on their executive committee

We were astonished when we looked at the figures from our Digital Transformer 2023 research. We had to double-check. We actually triple-checked - again...

UAE Royal’s Company Explores Possibility of Taking Over SVB’s UK Unit

Royal Group, an investment firm controlled by a top Abu Dhabi royal, is considering a possible takeover of the UK arm of Silicon Valley...

Dollar to Weaken Over Next 2 Years, UniCredit Says

Asian Development Bank Commits $100 Billion Investment for Maximum Climate Impact

Bank of Canada Governor Indicates Potential Cease in Interest Rate Increases

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