Suq Al Mal

Another cold Dubai December and to top it off AA's Biggles' hat was at the cleaners. If you’re like AA, you might have been con...

When I read announcements like the one below (that the CBK has given permission to Burgan Bank to buy back or sell up to 10% of its shares)...

As reported in The National : A survey of more than 170 cards offered by 40 banks operating in the UAE shows the average annual interest r...

Quoting Reuters, Emirates Business 24-7 says that the CBUAE has advised banks not to take specific provisions against their Dubai World ex...

Indeed you did as this extract from a BIS publication shows. Cross-border investment flows should be welcomed by recipient countries and e...

From today's Nasdaq Dubai. 29 Apr 2010 - 09:34:26 Dubai Holding Commercial Operations Group LLC (“DHCOG”) has extended the publication...

This sounds like a bad idea. The fundamenal business of commercial banks is borrowing short and lending long. If customers suddenly want ...

Emirates Business 24/7 reports that banks operating out of the DIFC are legally incapable of taking a charge on collateral to secure their ...

Here's the press release . Anyone who knows why please post. If you know what "Final Greetings" are, please also post on t...

  A rather curious announcement over at the ADX.  The UAE SCA agreed to NBAD's request to cancel its previously granted permission to ...

  You' recall earlier that the CB UAE  had imposed restrictions on UAE banks' dividends for 2009, limiting cash dividends to 50% of...

  Of note are the continued  high level of provisions .   January's provisions were marginally higher than December's which indicat...

AlKhaleej Newspaper (Dubai) reports that the CB UAE has written to banks advising them not to pay cash dividends more than 50% of 2009 pro...

  AlKhaleej Newspaper (Dubai) reports on an interview with Saif Hadaf AlShamsi, Chief Executive Director of the CB UAE's Treasury Depa...

Here is short two page speech in which HE Sultan Bin Nasser AlSuwaidi, the Governor of the Central Bank of the UAE, outlines the various p...

  Today's The National quotes Hussain al Qemzi, the chief executive of the Dubai-based Noor Islamic Bank as saying that UAE banks need...

The Central Bank of the UAE has published its "Banking Indicators" for December 2009 . As noted, the figures for 2009 are pro...

Emirates Business reports that the CB UAE will soon issue regulations tightening loan provisioning in the UAE: Non Performing Loans:  Ch...

CB UAE has released November Banking Indicators - summary statistics. Two differences from October: AED 3 billion decline in personal lo...

CB UAE has added a new disclosure page to its website detailing ownership in: Banks Finance companies Investment firms Money changers ...