Minister of Economy asks banks to hike lending to sector
Minister of Economy asks banks to hike lending to sector
HSBC has cut around 150 jobs in its retail and commercial banking units while FGB has cut close to 70 jobs.
Joy Alukkas said the new funding would help the group take the cost advantage of the current rate of interest.
The Supreme Legislation Committee (SLC) held the first meeting of the Administrative and Regulatory Legislative Committee.
UAE central bank ready to act to counter potential slowdown.
At Middle East Banking Forum, Chairman of the UAE Banks Federation says innovation can help banks to break new ground and enter new areas of business.
Diversification and fiscal consolidation buffer nation
The company, which joins another construction major Arabtec Holding in reporting losses, posted a Dh877.8 million attributable net loss in the three months.
Paris mayhem, poor earnings spark dismal sentiment.
The first major sale to trickle in on Monday was the $8 billion order for 75 Boeing 737 Max placed by India's Jet Airways.