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Seventy-four per cent of the respondents to a survey had high trust in the UAE banking sector, up from 68 per cent in 2017, said the UAE Banks Federation (UBF) in its 2018 Trust Index Survey. This is the fourth consecutive year UBF carries out this survey. The survey, conducted in collaboration with Kantar, a …

Trust in UAE banking sector rises to 74pc قراءة المزيد »

While UAE residents are keeping better tabs on their finances with fewer living beyond their means, saving and staying on top of debts is now a struggle, a new personal finance index from Abu Dhabi Islamic Bank has revealed. According to the bank’s moneysmart index released on Tuesday, 56 per cent of residents “keep very …

Personal finance in the UAE: Residents track finances better but struggle with saving and debt قراءة المزيد »

AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, shares exclusive insights on various aspects of the UAE’s banking sector with Khaleej Times Business Review. Excerpts from the interview: What has been the impact so far of the remarkable developments in the global financial sector – including digitalisation, growing role of AI, robotics, and blockchain technology – …

Transformation of UAE’s banking sector will inevitably continue قراءة المزيد »

The new scheme also includes a cap on the maximum interest rate Abu Dhabi: The Central Bank of the UAE, in cooperation with the UAE Banks Federation and national banks, has recently launched a national initiative under the name “National Loans Scheme”. This initiative is aimed at easing the burden of debt accumulation for UAE …

Central Bank launches loan scheme قراءة المزيد »

Mashreq Bank Chief Executive Officer Abdul Aziz Al Ghurair discusses VAT challenges in the banking industry, as well as the effect of the ongoing Qatar blockade on the sector. He speaks with Bloomberg’s Tracy Alloway at the Milken MENA Summit in Abu Dhabi. (Source: Bloomberg) https://www.bloomberg.com/news/videos/2018-02-14/mashreq-bank-ceo-on-vat-challenges-qatar-blockade-video

Regional banks and businesses face new challenges and opportunities Dubai: Sharp decline in oil prices over the past two and a half years have come as a blessing in disguise for the GCC economies, that all the regional economies are changing forever, said Abudul Aziz Al Ghurair, Chairman of UAE Banks Federation (UBF) and CEO …

Oil price decline becomes a blessing in disguise for GCC economies قراءة المزيد »