United Arab Emirates dirham (AED)
30 articles
UAE Banks Raise Savings Rates as Credit Demand Outruns Deposits
Banks are advertising savings returns of up to 6.25% as lending grows faster than deposits. The funding squeeze is sharpening competition for customer money ahead of repayments to the central bank.
Dubai Court Hits Banks with AED 4 Million Cyber Fraud Penalty
Emirates NBD and Commercial Bank of Dubai must pay over AED 4 million to Al Tijaria Real Estate after a cyber fraud case. The ruling exposes persistent gaps in digital payment security and cross-border banking oversight.
Abu Dhabi First Bank wins court fight for South Africa entry
A South African court has cleared the way for Abu Dhabi First Bank to pursue a banking license, removing a trademark dispute that blocked its plans and opening a new front for Gulf capital in Africa's financial sector.
Abu Dhabi summit inks seven deals for 2026 investment push
Investopia Bridge 2026 in Abu Dhabi ended with seven new agreements as over 800 leaders and officials mapped out shifts in global investment and digital finance.
Emirates NBD opens VIP Privilege banking to all business clients
Emirates NBD has launched its VIP Privilege program for business banking, offering exclusive benefits, preferential rates, and a Visa Infinite Business debit card to all eligible clients who meet annual points requirements
Emirates Islamic Bank hands AED 1 million prize to disciplined saver
Emirates Islamic Bank has named Maha Ahmed Khaled as its AED 1 million grand prize winner for August 2026, spotlighting the bank's push for regular saving and Sharia-compliant financial habits through its Kunooz Millionaire Account.
UAE Central Bank brings global banking leaders to Bangkok
Top financial leaders will gather in Bangkok this October at the invitation of the UAE Central Bank. The goal: push cross-border banking partnerships and speed up sustainable finance and digital change worldwide.
UAE banking leaders chart new course at Abu Dhabi summit
Top officials from government, business, and academia met in Abu Dhabi to debate how technology, regulation, and long-term investment are changing the UAE's banking sector and global standing.
Emirates NBD launches AI travel assistant for UAE customers
Emirates NBD has introduced the UAE's first AI-powered travel assistant, developed with Visa and TripAdvisor, to help residents plan trips and manage travel spending with tailored recommendations and instant itinerary options.
Emirates NBD backs major Dubai aircraft maintenance hub
A new Emirates NBD loan will fund one of the Middle East's largest independent aircraft maintenance facilities in Dubai, aiming to boost local aviation infrastructure and support the city's ambitions as a global air hub
Abu Dhabi First Bank eyes double digit credit growth by 2026
Jefferies expects Abu Dhabi First Bank to post double digit annual credit growth through 2026, fueled by government lending and non interest income. The bank is now Jefferies' top UAE stock pick with a 24.5 dirham target.
Emirates NBD and H&H Development test new Dubai mortgage model
Emirates NBD and H&H Development are piloting a mortgage for Dubai off-plan buyers, letting them borrow once half the property is paid. The scheme could roll out to more projects if it works.
Mashreq and Alshaya roll out Mastercard rewards cards in UAE
Mashreq Bank and Alshaya Group have teamed up with Mastercard to launch three new credit cards in the UAE, offering up to 25 percent discounts and 12 percent rewards for spending at major retail and dining brands
HSBC to Exit Egyptian Retail Banking as Emirates NBD Strikes Acquisition Deal
HSBC has agreed to sell its entire Egyptian retail banking business to Emirates NBD Egypt, with the transaction expected to close in the second half of 2027 pending regulatory approval. Customers and staff face no immediate changes as the transition begins.
Personal loans in UAE hit 616 billion dirhams in 2026
Personal loans for consumer spending in the UAE soared to 616 billion dirhams by mid 2026, accounting for nearly a third of all bank credit and outpacing growth in other key sectors
UAE and India set $200 billion trade target by 2032
The UAE and India are pushing to double their trade to $200 billion by 2032, with new investment projects, financial links, and digital payment initiatives aiming to transform cross-border business and currency flows.
Abu Dhabi First Bank targets Asia trade with Singapore summit
Abu Dhabi First Bank wrapped up its third Middle East Asia Summit in Singapore, where capital flows and technology took center stage in talks about reshaping trade and investment between the two regions.
Emirates NBD wins UAE's top sustainability award for second year
Emirates NBD has clinched the UAE's highest federal sustainability honor for the second year in a row, showing real progress in responsible banking and climate action.
Seviora and Bank FAB launch strategic investment partnership
Seviora and Bank Abu Dhabi First have signed a memorandum of understanding to collaborate on expanding investment opportunities and market access across the Middle East and beyond
UAE sovereign wealth funds surge into global top tier
Three UAE sovereign wealth funds have climbed into the global top ten, managing more than two trillion dollars and driving international investment flows. Their strategies are redefining how state assets influence economies and currency stability worldwide
UAE dividend payouts surge as investors chase stable sectors
UAE-listed companies paid out AED 30.4 billion in cash dividends in the first half of 2026, up 28 percent, as investors zeroed in on sectors with steady profits despite regional uncertainty.
Emirates NBD Egypt becomes official banking partner of Gouna Film Festival
Emirates NBD Egypt will back this year's Gouna Film Festival as its official banking partner, aiming to boost creative talent and help regional cinema reach more viewers.
UAE Dirham Holds Steady Against Egyptian Pound in Major Banks
The UAE dirham opened Saturday with minimal movement against the Egyptian pound, as banks across Egypt posted nearly identical rates for both buying and selling the currency
UAE dirham steady against Egyptian pound as banks close for weekend
The UAE dirham kept its value against the Egyptian pound on Friday, September 25, 2026. No changes appeared at leading Egyptian banks as the sector paused for the weekend.
Bank and property stocks steady UAE markets as indexes hold firm
UAE stock markets wrapped up the week with main indexes barely budging. Banking and real estate shares kept things stable, while trading volumes in Abu Dhabi and Dubai showed investors are still in the game.
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