Total bank deposits held by all UAE banks jumped year-on-year by Dh67 billion this year and loans also recorded a rise of Dh13.6 billion past year, based on the annual information released by the UAE Central Bank on Monday.
Monday, Apr 24th
Last update07:20:19 PM GMT
UAE insurance marketplace is anticipated to develop on rising demand, but finding suitable staff is one of the challenges, research has discovered.
Mentioning other challenges the research found that improvement in the legal framework could aid to make the environment more amenable for insurance organizations.
DIB (Dubai Islamic Bank) on Wednesday declared that it made some planned actions to prop up its development and expansion strategy. Addressing the wants of the continually changing atmosphere, the financial institution knows the implication and worth of reorganization its functions.
The Bahrain Institute of Business and Finance (BIBF) have legally signed a contract with International Finance Corporation (IFC) of the World Bank Group, Washington, to offer two of its training programmes. The programs are entitled 'Bank Risk Management' and 'SME Banking' in the Middle East as well as North African continent (Mena) region.
Bank risk management and small and medium enterprises (SME) financial have emerged, post crisis, as areas of immense significance as well as interest to banks in the Mena area, BIBF stated. The current financial crisis makes the region's banks realise the significance of having effective risk structures in place, it added.
Dubai Bank declared that it has won the award with regard to Banking as well as Finance Implementation of the year in the Arabian Computer News (ACN) Arab Technology Awards.In a highly aggressive area, Dubai Bank was honoured for that innovation of their customer relationship management (CRM) project that has improved the products as well as services it offers to its customers.
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