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Saturday, 21 November 2009 14:05 UAE time

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Main Category: Central Bank
Country : United Arab Emirates


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UAE traders more optimistic in Q3 - HSBC

The UAE is in top three most confident countries in the world on trade activity and growth.

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Are you too poor for HSBC?

HSBC's move reduced its cultivated notion of being the "world's local bank" to hollow marketing speak, says Damian Reilly.

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HSBC mulls AED20,000 salary limit for customers

Bank says it wants fewer customers earning less than $5,445 a month.

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More than 50% urban Saudis believe in savings - research

Saudis want compulsory/ voluntary retirement savings schemes to be introduced.

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Dubai support fund reassuring but more transparency needed - HSBC

Economist says a lot of questions remain unanswered and urges government to release further data.

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HSBC to cut UAE mortgage rates

The rate cut applies to Flexi Loan and home finance customers of the bank's Islamic unit, HSBC Amanah.

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Dubai tourism sees hotel guest nights fall 16% in Q109

Official figures show 15% drop in tourism revenue as global travel slowdown starts to bite.

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The loan danger

As the credit crunch takes its toll, banks & property cos are increasingly concerned they may be left with toxic debt.

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HSBC eases lending rules on UAE property

Restrictions relaxed on mortgages to offer 70% financing on completed apartments.

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Good days ahead for Islamic Takaful insurance - BEST Re

Head of Islamic reinsurance co sees industry rise at 17% a year over next 3 years.

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Dubai reviews economic parts of 2015 strategic plan

The plan is being revised in view of the current economic crisis, says gov't official.

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HSBC ME's profits rose 34% last year

The bank suffered a deterioration in credit quality in the last quarter of 2008 in wake of global crisis.

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HSBC set for £12.6bn cash call

UK bank, in which Dubai International Capital and Saudi's Saad are major shareholders, set for huge rights issue.

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Financial crisis dents confidence in Gulf banks - poll

One third say they are not tempted to save by increased interest rates - online survey.

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UAE banks offer higher interest for short-term deposits

Move will cut loan to deposit ratios that jumped inline with loose lending policies. 

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Gulf response to liquidity challenge "robust" - HSBC

Global bank says Gulf authorities are well geared to combat liquidity concerns.

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Car rental sector booms as stricter car loans bite

The global financial crisis has seen banks increase salary limits for car loans.

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Gulf growth to slow abruptly in 2009 - HSBC

Bank predicts possible recession if average crude prices tilt towards $25.

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Caught in the trap

With repossessions looming large on the horizon, Alex Delmar-Morgan reports on what the banks need to do.

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Inflating the problem

For anyone moving to the Gulf up until recently, the superabundant nature of credit was immediately apparent.

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Lenders ramp up interest rates on home loans

Banks in the UAE increase mortgage rates by as much as 2.5% as cost of borrowing rises.

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More banks curb lending to low wage earners

Banks across UAE hike minimum monthly salary needed to qualify for personal loan.

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UAE nationals bank on diploma deal

HSBC and the National Institute for Vocational Education (NIVE) have signed a deal giving 100 Emirati students the opportunity to study for a national diploma in banking and finance.

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HSBC restores ATM withdrawal limits to normal

Bank makes move as concerns over the risk of UAE fraud hitting local customers ease.

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77% unhappy with banks' reaction to ATM fraud

Arabian Business poll reveals widespread criticism of response to UAE fraud crisis.

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ATM fraud victims slam 'inadequate security'

EXCLUSIVE: Tales of cash losses reveal methods of hi-tech gangs targeting UAE.

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UAE banks step up security after card theft

Lloyds TSB, HSBC, Citibank, National Bank of Abu Dhabi and Dubai Bank hit by fraud.

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Under pressure

Tensions are rising in the Strait of Hormuz and the Gulf's Iranian community faces an uncertain future.

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Inflation, oil prices hit Gulf business confidence

Business confidence levels across Gulf continue fall in Q2, HSBC survey reveals.

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Banks hoard Fed cuts

Regional mortgage lenders are refusing to pass falling US interest rates on to customers in the emirates.

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Fighting poverty focus of India budget

In last budget before next general election, gov't looking to help debt-hit farmers, economists say.

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READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. UAE announces Eid and National Day holidays 01
    20 Nov ' 09 at 15:56
    Eid and National Day are two great occassions and very close to each other. It would be a great act for the UAE authorities to extend...   More  »
  3. Where have all the optimists gone? 01
    20 Nov ' 09 at 16:54
    Dubai unfortunate is not more in fashion, the bubble was big , the growing went fast and the down turn even faster.Many of my clients...   More  »

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Gitex 2009

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