Media

FinTech AbuDhabi Announces New Strategic Partnership with the UAE Banks Federation

FinTech Abu Dhabi (“FinTech AD”), MENA’s leading FinTech festival, is pleased to welcome the UAE Banks Federation (“UBF”) as the Strategic Industry Partner of the Festival. FinTech AD is organised by Abu Dhabi Global Market (“ADGM”) – the award-winning international financial centre in Abu Dhabi and powered by Unbound – a global innovation platform. UBF …

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

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 …

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Transformation of UAE’s banking sector will inevitably continue

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 – …

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Mashreq Bank CEO on VAT Challenges, Qatar Blockade

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

Oil price decline becomes a blessing in disguise for GCC economies

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 …

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