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Dubai Bank

Government takeover of Dubai Bank will lead to more mergers?

Dubai Government has taken over Dubai Bank with immediate effect. The action was taken under the directions from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, Ruler of Dubai. According to a statement, the Government of Dubai had to takeover Dubai Bank to ensure the preservation of all […]

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UAE banks hike credit card, account maintenance and other charges

As the New Year approaches, the UAE banks are revamping their account maintenance and credit card fee structures with some of them introducing new fees. Standard Chartered bank has revised its account maintenance with effect from December 1, 2010. The fee has been hiked by 25 per cent to Dh250 per month from earlier Dh200 […]

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