In a major move set to support the emirate’s real estate sector and residents, the Dubai Land Department (DLD) and Dubai Department of Economy and Tourism ( DET) have jointly launched the First-Time …
Fusion Fuel shares jump 50% after Dubai LPG subsidiary lands new projects
Fusion Fuel Green PLC (NASDAQ:HTOO) saw its stock surge 50% following the announcement that its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, secured new liquefied petroleum gas …
Moving to Dubai to save on taxes? Here’s when you can legally skip paying tax in India
Dubai’s 0% income tax is luring many Indian freelancers, founders, and professionals. But shifting abroad doesn’t automatically exempt you from Indian taxes. Here’s when your income actually becomes …
UAE Banks Are Phasing Out OTPs: What It Means and What You Need to Do
From July 25, 2025, UAE banks will start phasing out OTPs sent via SMS and email. Learn which banks are affected, what replaces OTPs, why it’s happening, and how to stay secure with app and biometric …
CBUAE, Mercury launch strategic joint venture to strengthen UAE’s national financial market infrastructure
The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure …
UAE banks’ investments hit $210.8b as credit and deposits grow
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Bank investments in UAE cross Dhs774 billion by end of April 2025
Investments by banks operating in the UAE continued their upward trend, reaching Dhs774.3 billion by the end of April 2025. This marks a 16.2% annual …
UAE Launches Specialized Bankruptcy Court to Expedite Financial Disputes
In a landmark move to strengthen investor confidence and streamline insolvency proceedings, the United Arab Emirates has officially launched a dedicated Bankruptcy Court, signaling a major overhaul in …
There’s a new UAE banking rule: Here’s how it will change the way you shop
The shift in digital banking security will begin on Friday July 25 and is being gradually rolled out by the Central Bank of the UAE. Instead of those OTP texts and emails you get sent prior to making …
Standard Chartered launches first sustainable escrow, account bank solution
Standard Chartered announced the launch of the first sustainable escrow and account bank solution, allowing clients to embed sustainability into their cash management strategies. The new solution …
UAE bank investments surge 16.2% to nearly $211bn in April 2025
Banks operating in the UAE recorded investment levels of AED 774.3 billion by the end of April 2025, according to data from the Central Bank of the United Arab Emirates (CBUAE). The figure represents …
UAE central bank partners with Mercury to launch new joint venture
The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a joint venture, Unitey Business Services, to support the Financial Infrastructure Transformation …
UAE banks provided $5bn credit in April
UAE banks provided credit of around AED19 billion ($5 billion) in April and the loans benefited both the public and private sectors, according to the Gulf state’s central bank. The lenders in the …
Asia’s largest institutional fund platform Gordian Capital plans move to Dubai
Acquired by IQ-EQ on Wednesday, Gordion has assets under management of $17bn, with offices in Singapore, Hong Kong and Tokyo …
Over $211bln in bank investments in UAE by end of April 2025
Investments by banks operating in the UAE continued their upward trend, reaching AED 774.3 billion by the end of April 2025. This marks a 16.2% annual increase compared to April 2024 and a 1.4% rise …
No more delays: UAE sets up Bankruptcy Court to fast-track financial disputes, what it is, how it works, and more
The United Arab Emirates will soon have a specialized Bankruptcy Court. It will be based in Abu Dhabi. The court will handle all bankruptcy-related disputes under the updated laws. This move aims to …
App-based banking authorisations come with new risks, warn UAE experts
As UAE banks phase out SMS OTPs, experts urge vigilance around in-app banking security Dubai: With the UAE banking sector moving swiftly to eliminate SMS and email OTPs in favour of app-based …