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Banking Sector
GCC Commercial Banks Experience Asset Growth To $3.527 Trillion By End Of 2024
At the close of 2024, the commercial banks in the Gulf Cooperation Council (GCC) countries experienced a substantial growth in their to...
UAE's Banking Sector Records Robust Growth With An 8.1% Increase In Net International Reserves In First Half Of 2024
The UAE's banking sector experienced a significant rise in net international reserves by 8.1%, reaching AED1.238 trillion in the first ...
UAE Banks' Capital And Reserves Hit AED 495.2 Billion, Showing Robust Growth
UAE banks see a significant increase in capital and reserves, reaching AED 495.2 billion by June 2024, marking a 10.6% YoY growth....
Saudi Arabia's Banks Exhibit Continued Growth In Loans, Deposits, And Profitability In Q2 2024
Alvarez & Marsal (A&M) has published its latest KSA Banking Pulse for Q2 2024, revealing a 3.2% quarter-on-quarter (QoQ) rise i...
UAE Banks Federation CEOs Discuss Strategic Plans In Second 2024 Meeting
The UAE Banks Federation's CEOs Council held its second meeting of 2024, discussing banking sector developments and strategic plans und...
UAE Banks Federation's Leadership Council Sets Strategic Directions For 2024
The UAE Banks Federation's CEOs Advisory Council, led by Abdulaziz Al-Ghurair, discusses banking sector advancements and strategic goal...
UAE Banks Attract AED13.8 Billion In New Savings Deposits In Early 2024
The UAE banking sector experienced a significant increase in savings deposits by AED13.8 billion in the first quarter of 2024, as repor...
UAE Banks Achieve Milestone With Capital And Reserves Topping AED 500 Billion
UAE-based banks' capital and reserves hit over AED 500 billion by February 2024, marking a significant year-on-year growth, reports CBU...
UAE Central Bank Announces AED 71.2 Billion Increase In Cash Deposits
The Central Bank of the UAE reports an 11% annual increase in cash deposits, reaching AED 725.8 billion in February 2024....
UAE Central Bank's Foreign Assets Hit Record High With AED 203 Billion Yearly Increase
The Central Bank of the UAE sees a historic rise in foreign assets, surpassing AED 700 billion by February 2024, marking a significant ...
UAE Banks Achieve AED 500 Billion In Capital And Reserves By January 2024
UAE-based banks witness a significant increase in capital and reserves, reaching AED 500 billion by January 2024, marking a robust annu...
UAE Banking Sector Records AED 25 Billion Increase In Savings Deposits
UAE's banking sector sees a significant AED 25 billion increase in savings deposits over 12 months, marking a 10% growth according to C...
UAE Banking Sector Transfers Exceed AED 1.5 Trillion In January 2024, Reports CBUAE
In January 2024, the UAE banking sector recorded transfers exceeding AED 1.5 trillion, marking a significant annual increase, as report...
UAE Banking Sector Eyes Further Growth In 2024 With CBUAE's Strategic Policies
The UAE banking sector shows promising growth for 2024, driven by CBUAE's effective policies and a strong economic foundation....
UAE Banking Sector Achieves Record AED 17 Trillion Transactions In 2023
The UAE banking sector saw a significant increase in transactions, topping AED 17 trillion in 2023, marking a 35% annual growth, accord...
Sharjah Islamic Bank Rewards Shareholders with 10% Cash Dividends for 2023
SIB's General Assembly approves a 10% cash dividend, totalling AED 323.5 million, showcasing the bank's strong financial performance an...
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