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UAE Banks Federation

UAE Banks Federation latest

The string new legislations, some which were issued in October, include the netting law, public debt law, anti money laundering law, and central bank law, as well as risk management and internal audit and control and dormant accounts regulations. (Shutterstock)
November 19th, 2018 - 09:41 GMT

UAE Launches New Laws to Boost Banking Sector

The Board of Directors of the UAE Banks Federation (UBF) welcomed a series of new laws issued recently by the government and said they would help boost the competitiveness of the economy while positively impacting the banking sector.
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Banks are trimming branch numbers as consumers tilt towards online banking. (Shutterstock)
August 30th, 2018 - 08:55 GMT

Report: UAE Banks Laid off Over 600 Employees in 2017

Bankers and analysts say digital initiatives will be the most important factor in remaining competitive in a market that is fast embracing technology. (Shutterstock)
March 25th, 2018 - 11:42 GMT

UAE Takes Lead in Digital Banking in the Middle East

Customers in the UAE might find their borrowing costs rising soon. (Pixabay)
July 18th, 2017 - 03:29 GMT

Getting a Mortgage or Car Loan Soon in UAE? Do It Now!

In 2016, Alabbar went from UAE real estate heavyweight at the head of Emaar and Eagle Hills to a big name in food and e-commerce after several acquisitions.  (AFP/File)
February 27th, 2017 - 11:00 GMT

The top five most powerful Emiratis in 2017

The banking and financial services sector in the region are adapting fast to both global and regional economic challenges and new opportunities. (Shutterstock)
February 14th, 2017 - 11:00 GMT

Cheap oil prices are the impetus for change in GCC economies: UBF

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)
January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

The use of mobile phone for making payments would result in smaller queues at banks and exchange companies. (Creative Virtual)
August 31st, 2016 - 08:18 GMT

Cashless payments get easier in the UAE as banks get onboard with mWallet

Other than credit and debit cards, another mechanism leading the way is prepaid cards. (File photo)
July 18th, 2016 - 07:21 GMT

Cashless payments trend gains ground globally but MENA is slow on the uptake

Over the past year, UAE banks have been hit by a spate of defaults.  (Twitter)
March 30th, 2016 - 11:00 GMT

New UAE bank action to give 'breathing space' to SMEs in debt

Emirates NBD launched MePAY, a peer-to-peer payments platform. (Al Bawaba/File)
October 25th, 2015 - 08:53 GMT

UAE banks embrace cutting-edge technology to offer new mobile solutions

UAE's Central Bank is imposing the new bank exposure rules in December in order to ensure that the country avoids future corporate debt crises similar to Dubai's most recent economic meltdown (Courtesy of the Business Recorder)
November 4th, 2013 - 11:14 GMT

New UAE bank exposure rules scheduled to take effect in December

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