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Banking & Finance

Noor Bank unveils new home financing
. The profit rates for two-year and three-year terms are set at 3.99 per cent and 4.49 per cent per annum, respectively.
Credit bureau to contribute greatly
Credit bureaus all over the world are proven to support responsible lending, enhance payment behaviour and reduce credit losses.
Swift to launch rulebook on using MT messages for Islamic finance
Islamic finance is broadly defined as the financial services designed to comply with the principles of Islamic law.
HSBC to pay $550m to settle US mortgage bond claims
The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement on Friday with HSBC.
Opportunities in $3.5t global hedge funds
UAE rapidly emerging as leading global hedge fund investor
ADIB announces new millionaire
UAE national, Soud Al Mazrouie, was named the winner of the grand prize of Dh2 million, and the second prize of Dh500,000 was won by Michael Ziegler from the USA.
Bank of England holds rates despite recovery
The BoEs Monetary Policy Committee (MPC) left its Bank Rate at 0.5 per cent, where it has been since the depths of the financial crisis more than five years ago.
ECB cuts rates to repel deflation threat
The lower rates will make the ECBs upcoming four-year loan offer, or TLTRO, more attractive as banks can now get the funds for less. But with lending still impaired, the wider impact may be questionable.
Boost for Islamic banking
Basel lll capital rules may help Islamic banks to develop quality assets
EU borrowing costs decline to record lows
The bond interest rates are falling following comments made by the head of the European Central Bank assuring that deflation will be kept at bay.
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