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Tag: banking

Posted on 25/08/2024

UAE Extends Humanitarian Aid to Conflict-Hit Ukraine

A key highlight of the UAE’s involvement is its successful mediation in seven prisoner exchanges between Russia and Ukraine, leading to the release of 1,788 captives.

Posted on 25/08/2024

Seven apps parents in the UAE can use to manage play dates, pocket money and more

Navigating parenthood in the UAE can be a whirlwind, with its blend of traditional values and modern conveniences. But smartphones have emerged as a useful tool to streamline daily routines, foster …

Posted on 25/08/2024

Fintech Zumo Signs Abu Dhabi Sustainable Finance Declaration, Reinforcing Commitment to Greener Financial Services

Zumo, the digital assets infrastructure, signed the Abu Dhabi Sustainable Finance Declaration, reinforcing commitment to greener financial services.

Posted on 24/08/2024

UAE banks attract $14.7bn in 3-month deposits in five months

UAE-based banks attracted new “three-month” deposits worth more than AED54bn ($14.7bn) during the first five months of this year, according to the latest statistics from the Central Bank of the UAE …

Posted on 23/08/2024

UAE: Ministry of Finance launches initiatives for ‘Zero Government Bureaucracy Programme’

These initiatives, which also include the Zero Bureaucracy webpage, will allow employees to discuss and suggest improvements to current procedures aiming to transform the customer experience …

Posted on 23/08/2024

$14.7bln in new 3-month deposits at UAE banks in 5 months

UAE-based Banks attracted new “3-month” deposits worth more than AED54 billion during the first five months of this year, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Posted on 23/08/2024

Pakistan Seeks USD 4 Billion Loan From Middle East Banks To Meet Financial Obligations

Pakistan has pitched about USD 20 billion in foreign borrowing in the budget, besides another USD 3 billion rollover from the UAE that was reported separately for the balance of payments.

Posted on 23/08/2024

UAE Central Bank revokes licence of Muthoot Exchange

The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, …

Posted on 23/08/2024

As demand for short term rentals soars in Dubai, property experts explain the allure for travellers and investors alike

DUBAI, UNITED ARAB EMIRATES … Property Finder is a go-to place for a seamless and enriching house-hunting and finance-finding journey for both buyers and renters. Since its inception in 2007, …

Posted on 23/08/2024

Bank of Singapore looks to double revenue from Middle East in 3 years

UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official …

Posted on 23/08/2024

Kuwait Finance House to sell all its stake in Sharjah Islamic Bank

Image Credit: Gulf News Archive Dubai: The Kuwait Finance House is selling its entire stake in Sharjah Islamic Bank, equating to 18.18 per cent. This will mean offloading 588.3 million shares in the …

Posted on 23/08/2024

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years

Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …

Posted on 23/08/2024

Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years

Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …

Posted on 23/08/2024

Bank of Singapore sees 20% asset growth in Middle East within 5 years

Bank of Singapore aims to grow its business in the Middle East, with the region contributing up to 20 per cent of its overall revenue and private banking assets over the next three to five years from …

Posted on 23/08/2024

Finance Minister vows to esure to economic stability

Finance Minister Senator Muhammad Aurangzeb has reaffirmed government’s dedication to maintaining a stable macroeconomic environment and facilitating foreign investment. He was virtually meeting with …

Posted on 23/08/2024

Invest Bank partners with Network International to enhance its digital payments offering

DUBAI: Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers. The …

Posted on 22/08/2024

Why Tether’s UAE move could mean breakthrough moment for stablecoin

Tether’s announcement that it plans to launch a dirham-pegged stablecoin in the UAE shows confidence in the country’s cryptocurrency regulatory landscape, which can serve as a model for other …

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