National banks accounted for around 86.5 per cent of the aggregate capital and reserves of UAE-based banks, logging a total of Dh433.7 billion at the end of February 2024, a YoY increase of 14.6 per …
ADCB ranks first in banking, second across UAE’s economic sectors
ADCB’s rise in the KPMG Customer Excellence rankings is a testament to its holistic approach to customer satisfaction …
Maktoum bin Mohammed issues decision appointing new members to Dubai Financial Services Authority’s Board of Directors
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre …
Commercial Bank Wins ‘Best Mobile Banking App’ And ‘Best Remittance Service’ Awards In Middle East
Commercial Bank, a leader in innovative digital banking solutions in Qatar, announced achieving two prestigious ME …
Combined capital, reserves of UAE banks surpass Dh500b
The combined capital and reserves of banks operating in the UAE surpassed the Dh500 billion mark at the end of February 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE …
Dan Morehead’s Hedge Fund Pantera Capital Says Largest Investment Can ‘Bring Crypto to the World’
Hedge fund Pantera Capital says one project, which is the firm’s “largest investment ever,” has an opportunity to bring crypto to the masses.
Dubai regulator DFSA posts 25% increase in licencing in 2023
Dubai financial regulator DFSA registered a 50 per cent year-on-year increase in licence applications across all business models.
NBK bags 6 prestigious banking excellence awards from MEED
The awards won by NBK during the annual ceremony organized by MEED in Dubai included: Best Retail Bank –Kuwait (NBK), Best Digital Bank –Kuwait (Weyay). The bank also received two awards for Best …
Dubai Financial Services Authority announces 25% licensing growth in 2023
This surge in licensing activity underscores the growing confidence in the Dubai Financial Services Authority’s regulatory framework and the attractiveness of the region for financial services firms …
HPE, du to accelerate Commercial Bank of Dubai’s digital innovation
Emirates Integrated Telecommunications Company (EITC) and Hewlett Packard Enterprise (HPE), announced that the Commercial Bank of Dubai (CBD), …
Handling of rains to affect owners and tenants’ decision-making in Dubai
The handling of the rise in water levels following the recent UAE rains by different community managers is expected to affect overall decision-making for buyers and tenants when looking at locations …
UAE hits out at Netanyahu for saying Gulf state could help run Gaza
The United Arab Emirates denounced Israeli Prime Minister Benjamin Netanyahu’s statement about “inviting the state to participate in civil administration of Gaza,” in statements published by the UAE …
UAE: Al Ansari Financial Services reports net profit of $26mln in Q1 2024
DUBAI – Al Ansari Financial Services PJSC (DFM … Total transactions increased by 5.1% YoY. Bank notes have witnessed a drop in volumes amounting to 9%. Wage Protection System (WPS) volumes saw a …
QualityKiosk to develop Commercial Bank of Dubai’s Testing Centre of Excellence
QualityKiosk Technologies is broadening its partnership with Commercial Bank of Dubai to enhance the bank’s digital customer experience.
Dubai’s DFSA marks 25% increase licensed firms
Dubai Financial Services Authority (DFSA) saw a 25% increase in licensed firms in 2023, taking the total registered to 791. There was also a 50% increase in licence applications, the authority’s …
Global diamond industry and world governments descend on UAE for Kimberley process ‘year of delivery’
Established in 2003 by the United Nations, 85 participating countries seek to ensure that unregulated rough diamonds do not enter the legitimate diamond market as a means to finance conflict. In 2016, …
Central Bank of UAE, Bank Indonesia sign MoU to promote use of local currencies for bilateral transactions
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Perry Warjiyo, Governor of Bank Indonesia, signed a Memorandum of Understanding supporting the steady growth of trade relations …