Scandal replaces Barclays power
One of the UK's largest banks has pulled their influence out of the UAE as far as Interbank rates go. The scandal that has torched Barclays in England seems to have haunted it here as well.
July 15, 2012 2:13
Banker urges UAE Central bank to cut reserve requirements
A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.
June 20, 2012 11:35
IBAN blunders, already?
The nationwide implementation of IBANs is a good thing. But Precious de Leon thinks gaffes are bound to happen along the way, especially with only a month before the deadline.
October 18, 2011 3:59
UAE Central Bank to review retail lending rules -paper
The UAE Central Bank plans to review its retail lending rules at the beginning of next year, an official from the central bank's supervision department.
August 21, 2011 11:53Gulf economies to grow on average 4pct in 2011 – AMF
Bahrain to underperform after political turmoil; Foreign investors waiting to see a return to normality there; US debt unappealing to Gulf central banks
June 27, 2011 10:55
UAE to tighten banks’ liquidity management guidelines
New rules to reduce severity of liquidity problems; Banks need to comply with new rules from September
June 1, 2011 2:19
Banking on trust: UAE banks urged to trim loan margins
UAE Central Bank urges banks to reduce lending rates. Will banks follow suit when there’s much to capitalise on?
May 30, 2011 4:28UAE banks need cenbank approval for board members
Central bank has the right to disapprove board members in cases where requirements are not satisfied.
April 6, 2011 8:38UAE sees no capital outflows due to unrest -Central Bank
Dollar peg not seen at risk from potential outflows; C.bank gov says not worried about inflation; Inflation seen in very low single-digits
March 10, 2011 3:51
Some (generally) good moves
The Central Banks new retail banking rules are a welcome intervention… for the most part. There’s just one little thing bothering us.
February 28, 2011 3:06Banks in UAE will face Dubai World fallout in second quarter
With 15 billion in exposure to Dubai World, the central bank expects UAE’s local banks will take brunt of restructuring impact.
April 26, 2010 9:11Banks have enough liquidity, says UAE central bank
Sultan bin Nasser al-Suwaidi says ‘the situation of liquidity and deposits in the banking system is normal’.
April 6, 2010 3:55UAE calls for regional financial market
The UAE's central bank governor, Sultan bin Nasser Al Suweidi, called on the GCC to establish a regional financial market amid claims...
October 4, 2009 1:36
How bad is bad?
Although UAE banks haven't announced the extent of their exposure to the Saad and Algosaibi groups' fiascos, the central bank governor announced "there will be full disclosure" soon.
July 16, 2009 2:59
Arabtec workers: strike will continue
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43