The second auction is part of the Dh9b T-Bonds issuance program for 2022 Dubai: The UAE Ministry of Finance is launching a second dirham-denominated treasury bond auction, offering Dh1.5 billion …
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Ministry of Finance announces the second auction of federal treasury bonds
The second auction is part of the AED 9 billion T-Bonds issuance program for 2022; Bonds amounting to AED 750 million will be offered for a two-year tranche, and AED 750 million f …
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UAE: Lending money to a friend? Beware of this rule
Law stipulates financial penalties, jail when a ‘natural person’ lends money on interest Dubai: Want to borrow money from a friend when you are in a pinch? Or planning to lend out money that you may …
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UAE: Lending money to a friend? You can’t charge interest
Law stipulates financial penalties, jail when a ‘natural person’ lends money on interest Dubai: Want to borrow money from a friend when you are in a pinch? Or planning to lend out money that you may …
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The Central Bank of the UAE Raises Interest Rate
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022.This decision was ta …
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More top-level job shake-ups at Dubai’s Shuaa Capital
The chief financial officer of Dubai-based Shuaa Capital PSC has stepped down, to be replaced by a new finance director, the company disclosed today, after a week of top-level changes. Gunshyam Kripa …
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10 business districts across Dubai within Tecom Group
Dubai: Dubai’s Tecom Group, a member of the Dubai Holding group, opened on Thursday 16 June 2022, an initial public offering (IPO), listing part of its ordinary shares for trading on the Dubai …
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Dubai has emerged stronger from the pandemic: Julius Baer
Dubai is one of the few cities globally to emerge stronger from the pandemic, as more people come to the emirate to leave behind uncertainty related to COVID-19 in Asia and geopolitics in Europe.
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UAE, US rate hikes: Who benefits the most from higher interest rates – borrowers or savers?
Delving on what the recent UAE, US interest rate hikes meant for … Lower rates had made home finance more affordable for potential homeowners, easing the interest burden on existing borrowers.
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Commercial Bank of Dubai recognized with “Best Technological Innovation in Financial Services” award at Seamless Awards 2022
Dubai: Commercial Bank of Dubai, one of the leading banks in the UAE, has received the prestigious “Best Technological Innovation in Financial Services” Award at the Seamless Middle East Awards …
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Mashreq launches Neo NXT — digital banking for Generation NXT
Neo NXT promotes financial responsibility amongst the next generation, equipping them with a bank account, a debit card and access to the Mashreq Neo app …
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UAE insurer banned from issuing new policies for a year
A UAE-based insurer has been slapped with administrative sanctions by the country’s central bank for failure to meet regulatory obligations. The banking authority confirmed on Thursday that it has …
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UAE Central Bank imposes sanction on insurer, bars it from issuing new policies for one year
The notification also requires the company to remedy its solvency capital requirements Abu Dhabi: The Central Bank of the UAE has imposed an administrative sanction on an insurance company operating …
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UAE salaries: which banking jobs are in demand and how much do they pay?
The hiring outlook for the UAE’s banking and financial services industry is buoyant as it continues to recover from Covid-19 headwinds on the back of economic support measures including the Targeted …
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UAE salaries: which banking jobs are in demand and how much do they pay?
The hiring outlook for the UAE’s banking and financial services industry is buoyant as it continues to recover from Covid-19 headwinds on the back of economic support measures including the Targeted …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 in attempt to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman Jerome Powell …
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