The Central Bank of the UAE rules caps off-plan mortgages at a maximum of 50 percent. Otherwise, banks in Dubai are displaying a significant appetite for lending and providing suitable products to …
Emirates NBD Bank hires banks for debut green bond issue -document
(Reuters) – Emirates NBD Bank has mandated banks to arrange a global investor call on Monday as it prepares to issue its debut green bond, a document showed on Monday. Dubai’s largest lender has hired …
UAE energy min: investments to determine fuel prices at the pump
Fuel prices consumers pay at the pump will be driven by a willingness to keep investing in fossil fuels, the UAE’s energy minister said on Monday, as oil industry leaders reiterated the need for …
Dubai International Financial Centre (DIFC) Announces Consultation on Digital Assets Law
Dubai International Financial Centre (DIFC), the financial center in the MENA and Southeast Asia region, proposed to enact a Digital Assets Law.
Dubai Islamic Bank partners with HPE GreenLake
Dubai Islamic Bank (DIB) has selected the HPE GreenLake edge-to-cloud platform to modernise its core banking system. In doing so it will deliver improved customer experience and launch new services …
Chinese premium EV brand Zeekr eyes launch in UAE, Saudi Arabia – FT
Zeekr, Chinese automaker Geely’s premium electric vehicle (EV) brand, is accelerating towards a launch in the Middle East, with the UAE and Saudi Arabia in its sights. The company said it was also …
Spurred by strong liquidity, UAE banks outperform GCC peers
Banks in the UAE are outperforming their GCC peers on the back of strong liquidity conditions underpinned by high oil prices, foreign capital inflows, and ..
Dubai Islamic Bank Enters Digital Banking Sector in Turkey
Dubai Islamic Bank (DIB), the largest participation bank by asset size in the United Arab Emirates, has officially entered the Turkish digital banking and …
Dubai Business Bay – A New Horizon for Off-Plan Property Market
Dubai, a city where buildings rise high as the sky in every corner with an exciting business atmosphere, attracts investors and entrepreneurs from all over the world. The most vital of its varied …
Former SoftBank executive launches UAE-backed stablecoin to counter inflation
In a groundbreaking move, Akshay Naheta, a former executive at SoftBank, has unveiled a new stablecoin pegged to the United Arab Emirates Dirham (UAE). This innovative financial instrument, named DRAM …
OKX Announced as Title Sponsor and Premium Partner of Blockchain Economy Dubai Summit
OKX, a leading global Web3 technology company and crypto exchange, today announced that it is the Title Sponsor and Premium Partner of Blockchain Economy Dubai Summit, the world’s largest blockchain …
Dubai Islamic Bank enhances customer experience and modernizes core banking platform with HPE GreenLake
Established in 1975, DIB is the largest Islamic bank in the UAE and the second largest in the world. Driven by the bank’s customer-centric approach and its commitment to sustainable digital …
Dubai Islamic Bank picks up 20% stake in Turkey’s TOM Group
TOM Group is an integrated, comprehensive financial services group with an established presence in the digital space and a perfect entry strategy for Dubai Islamic Bank. The UAE bank will acquire 20 …
Abu Dhabi Non-Oil Economy Booms Amid Push to Attract Hedge Funds
Abu Dhabi’s non-oil economy expanded briskly in the second quarter as its efforts to become a hub for hedge funds and other financial firms start to pay off.
Dubai-based Damac hires banks for 3.5-year sukuk: document
The banks will arrange a series of investor meetings on Monday, followed by an issuance of benchmark-sized Islamic bonds …
DIB enters Turkish digital banking sector via new investment
Dubai Islamic Bank (DIB) has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group of Companies, according to a press release. Established by …
UAE: How can expat pay credit card dues from home country after residence visa cancellation?
How do I do this? Pursuant to your queries, it is assumed that you are closing your bank accounts and travelling to your home country for good and do not intend to return to UAE on a residency visa.