Dubai kicks off blockchain banking services

Emirates NBD became the first lender in the UAE to launch a pilot blockchain network for services, including international remittances and open account trade finance. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the UAE's largest bank ... ( read original story ...)

UAE to set up the world’s first Sharia-compliant trade bank

The UAE is to establish the world’s first Sharia-compliant trade bank to bolster its ambition to be the centre of the Islamic economic world. The Dubai Islamic Economy Development Centre (DIEDC), under the new chairmanship of Sultan bin Saeed Al Mansouri ... ( read original story ...)

Establishment of Emirates trade bank in Dubai

The Dubai Islamic Economy Development Centre (DIEDC) is supportive of the initiative from the Department of Economic Development (DED) in Dubai to launch Emirates Trade Bank. His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ... ( read original story ...)

Dubai Bank directors protest delayed hearing

Dubai Bank Directors accused of money laundering are accusing the prosecution for delaying the hearing of their case. Three former managers of the collapsed bank, Abdul Hafedh Zubeidi, Ali iBashir Sheikh and Professor Wilson Hassan Nandwa argue that the ... ( read original story ...)

Dubai bank directors complain delay in their case

A Nairobi court has reluctantly granted the prosecution last adjournment in the case where Dubai Bank Directors are accused of money laundering worth over Sh 48 million. Chief Magistrate Daniel Ogembo on Tuesday said the defense have never opposed any ... ( read original story ...)

Be careful when buying goods

Dubai: At the recently concluded Emirates Intellectual Property Association (EIPA ... an auto expert told Gulf News. In most cases, motorists chose poor quality parts for their affordability, but according to Gordon Ferguson, General Manager at AAA ... ( read original story ...)