Babu Das Augustine

Business Editor

Articles from the author

UAE banks score on profits, asset quality in Q1-22

Further net interest margin gains are on the horizon, setting up a strong full-year 2022

The systemically important UAE banks all delivered handsomely on first quarter 2022 numbers. Their costs and impairment charges too are dropping.

UAE Central Bank to sustain credit growth measures

Direct liquidity support to UAE banks under TESS programme will end in June

The UAE banking system remains well capitalised, with average capital adequacy ratio (CAR) at 17.2 per cent.

Effect of India's inflation on NRI savings, investments

India's economy is combating a price spiral, and markets too turn volatile

Higher import bills are fuelling some of the price rises India's economy is facing. And these concerns are amply reflected in the stock markets too.

Some UAE banks push for extension on IFRS 9 compliance

Banks are concerned about higher provisioning burden from a full IFRS 9 compliance

A sudden tightening on IFRA 9 compliance would translate into higher provisions that banks need to factor in.

UAE banks cash in on DEWA stock offer

Banks will record impressive gains on deposits too with additional IPOs on the way

Risk of IPO financing is relatively low for banks as most of this lending is collateralised with banks having claims on shares allotted to customers until the loan is fully repaid.

UAE banks can get a solid Q1-22 profit boost

Lenders are likely to report lower loss provisions

Banks will continue to reap benefits from some of the cost saving measures introduced following the COVID-19 crisis and rapid adoption of digitalisation.

Oman’s 100% foreign ownership speeds reforms

It opens a window for Omani companies to tap global fund flows

The Muscat skyline. Oman plans to list 35 state-owned companies in the next five years, with one or two firms from the oil sector making the cut this year.

Here's why loan recovery from NRI defaulters is tricky

Bankers say the legal processes in UAE and India are expensive and lengthy

New cheque rules, high interest rates, accounting standards make recovery of defaulted loans harder for UAE banks.

UAE Central Bank to retain support measures after June

The first phase of TESS had ended in December 2021

Bank CEOs commended the central bank’s support to address the repercussions of the COVID-19 pandemic.

UAE businesses face challenge of higher costs

US Fed signals higher and faster rate hikes - what should UAE businesses do?

UAE will closely mirror US interest rate hikes. What will this mean for businesses and individuals tapping bank loans and credit?

Make money: Why stock costs Dh1 today, Dh1.50 the next

An explainer on the fluctuating share market and how to invest safely and make money

When trying a hand at stock picking, your goal is to find a good value, especially if you plan to hold on to a stock for a while.

Digital banking in UAE: No branch visits, 24/7 access

UAE is in the forefront of digitalization of banking industry in the region

The new digital banking experience is about agility, mobility, connectivity, efficiency and data.

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