Tag: banking

UAE imposes Dh1.15 million in fines on companies for violating anti-money laundering laws and regulations. Stay informed on the latest financial compliance news.

Qualco has announced a strategic partnership with United Arab Bank (UAB), one of the longstanding home-grown banks in the UAE. Together, they will deploy Qualco ProximaPlus, a cutting-edge platform to …

Misconfiguration as well as improper usage and unlawful activity among the greatest cyber threats …

Competition is fierce in the UAE job market following a massive influx of jobseekers – and legacy expats can no longer expect to draw the handsome salary packages they once did in 2025 and beyond, …

Litecoin (LTC) price tumbled 7% from its opening price for $126 to hit intraday lows of $112 on Monday, extending its losses since the Bybit hack into double-digits at 14%. However, on-chain data …

Circle’s USD Coin (USDC) and EURC have become the first stablecoins to be approved under the Dubai Financial Services Authority’s (DFSA).

The Dubai Financial Services Authority (DFSA) has approved Circle’s stablecoins, USD Coin (USDC) and EURC, as the first recognized tokens …

Dubai has recognized the first stablecoins under its crypto token regime: Circle’s USDC and EURC. Now, companies in the DIFC will be able to use the stablecoins in payments and other situations.

Dubai has emerged as a hub for global financial services, driven by the growth of its free zones, especially the Dubai International Financial Centre (DIFC). In the latest figures released for 2024, …

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Financial …

The Arab Financial Services (AFS), a MENA-based digital payment solutions provider and fintech enabler, has partnered with Ternoa Blockchain to onboard billions of retail customers into crypto. AFS’ …

AI is forecast to contribute 14 per cent to the UAE’s Gross Domestic Product (GDP) by 2030, equating to approximately $100bn. According to Kooijman, many high-net-worth (HNW) and ultra-high-net-worth …

Plastic pallets in the UAE are driven by e-commerce growth, logistics expansion, RFID adoption, and sustainability needs, with HDPE dominating production. Major demand originates from logistics, …

Fernando Morillo, Group Head of Retail Banking at Mashreq, said, ” Mashreq Biz is a key part of our strategy to empower SMEs and drive the digital banking revolution in the UAE. With this initiative, …

Alpha Data is likely to price its initial public offering in Abu Dhabi at the top of a planned range, as investors piled into the IT services firm that’s been among the beneficiaries of a surge in …

The Dubai-based carrier marks its strongest-ever financial performance in its 15-year history, reporting a pre-tax profit of AED2.5 billion (US$674 million); a 16% growth compared to the previous …

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Financial Audit Authority (FAA), has approved the …