According to the statistics, transfers executed during January 2024 were distributed with AED973.6 billion in interbank transfers and AED538.9 billion between bank customers …
Standard Chartered picks new regional heads amid investment banking reshuffle, source says
DUBAI (Reuters) -Standard Chartered has picked new regional heads, according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle in its corporate …
UAE’s Zand Bank Subscribes To Infosys Finacle Corporate Banking Suite Hosted on Microsoft Cloud
Zand Bank, the UAE’s first digital-only bank, has chosen to subscribe to the Infosys Finacle Corporate Banking Suite hosted on Microsoft Cloud. This i …
Conwoman left NHS worker jobless and homeless after promising new life in Dubai
A conwoman who left an NHS worker homeless after she promised him a new life in Dubai has been spared jail. Sian White, 26, pretended to be a wealthy medical lawyer to convince a man the job and …
Crypto exchange Bitget partners with OnRamp Money to boost fiat access in UAE, Nigeria
With the integration, Bitget users will be able to buy and sell crypto using various local currencies, including AED and NGN (Nigerian Naira) through bank transfers, and with VND via VietQR. This …
UAE: Some firms use savings scheme to make employees ‘millionaires’ in as little as 5 years
Some UAE companies are trying to retain the best talents and offering to make them ‘millionaires’ through savings schemes. In addition to companies, individuals are also investing for their children …
UAE: Equiti cracks down on corporate scam
Dubai-based brokerage Equiti Group is working closely with regulators to crack down on an unlicensed company “EQUIITi” that impersonated the firm to scam investors. “As an established brand in the …
UAE Central Bank balance sheet hits AED734.6bn
The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch AED734.61 billion at the end of January 2024, marking a significant surge in its financial strength. Compared …
Minister, UAE envoy discuss strategies to enhance trade
World Bank identifies hurdles to foreign investment Minister, UAE envoy discuss strategies to enhance trade PM seeks plan to boost exports No reduction in poverty in sight: World …
‘My wife and I are wondering why we came back’ – Teacher’s four years work in Dubai not reflected in pay
A chemistry teacher who spent four years working in Dubai has said he was “heartbroken” when he returned to Ireland and learned his years teaching abroad would not be reflected in his salary. Richie …
Dubai Population Jumps to 3.7 Million in First Quarter of 2024
In the dynamic landscape of the Middle East, Dubai stands as a beacon of progress, continually drawing individuals from around the world seeking …
Standard Chartered picks new investment banking regional heads, source says
Standard Chartered has picked new regional heads for its corporate and investment banking business (CIB), according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major …
UAE corporate tax: Pros and cons of grouping companies
The UAE’s Federal Tax Authority recently issued guidelines on the grouping of companies for corporate tax.With two months until the end of the first corporate tax year, it is worth considering the …
UAE banking system’s capital ratios remained well above capital requirements in Q4-23: CBUAE
The UAE banking system’s capital ratios remained well above the capital requirements at 17.9% for the Capital Adequacy Ratio and 14.9% for the Common Equity Tier 1 (CET1) Ratio in Q4-2023, according …
Watch: Dubai mum on a financial empowerment mission
Financial guru and CEO of a Dubai-based financial education platform (Yabi by Souqalmal), today, Musa is out to change lives. Her practical tips and “proven” methods are aimed at helping people …
UAE’s GDP to grow by 4.2% in 2024, rising to 5.2% in 2025: Central Bank
The Central Bank of the United Arab Emirates (CBUAE) expects the country’s Gross Domestic Product (GDP) to grow by 4.2 percent in 2024, rising to 5.2 percent in 2025, while maintaining its estimate …
Opinion: Why the UAE’s unchecked impunity demands sanctions
Since the outbreak of the civil war in Sudan, there have been allegations that the United Arab Emirates (UAE) has been providing support and weapons to the Rapid Support Forces (RSF) militia.