Direct liquidity support to UAE banks under TESS programme will end in June Dubai: Financial soundness indicators of UAE banks are robust and improving as the economy picks up momentum, according to …
( read original story …)
Emirates Development Bank signs financing pact with Dubai’s food technology hub
Abu Dhabi-based Emirates Development Bank (EDB) has signed an initial agreement with Food Tech Valley, to provide financing for small and medium enterprises and start-ups operating within the Dubai …
( read original story …)
Dubai Deputy Ruler approves three-year plan to digitally transform DIFC Courts and improve dispute resolution efficiency
Artificial Intelligence will reduce clerical burdens, help streamline the case review methodology, create a realistic virtual presence, remove document duplications, and unlock time to take on …
( read original story …)
Emirates Development Bank to offer priority financing for Food Tech Valley startups
Apart from direct funding, Emirates Development Bank will offer Food Tech Valley businesses with mentoring support, knowledge transfer and roadshow participation. “The partnersh …
( read original story …)
Adnoc, Borealis seek $2bn from IPO of plastics JV
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter …
( read original story …)
UAE’s Masdar signs agreements to develop green hydrogen plants in Egypt
UAE clean energy company Masdar and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, have signed two MoUs with Egyptian state-backed organisations to cooperate …
( read original story …)
Borrowed from UAE banks to invest in India: Heavy losses for NRI investors
NRIs had been tapping UAE banks to play the Indian stock market Dubai: NRI investors who borrowed from UAE banks and invested in Indian stocks are facing heavy losses. Their loan servicing costs in …
( read original story …)
Gross UAE banks’ assets rise to Dh3.322 trillion
Gross credit increased by 0.3 per cent to Dh1.794 trillion from Dh1.788.3 trillion during the same period due to 0.1 per cent and 2.6 per cent increases in domestic …
( read original story …)
DIFC-based Tarabut Gateway Now a Regulated Open Banking Platform in UAE
Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from DIFC.
( read original story …)
Local Press: The UAE is building bonds for the future
The Ministry of Finance on Wednesday announced the launch of dirham-denominated treasury bonds. “The initiative is expected to build a local currency bond market and raise alternative sources of …
( read original story …)
UAE’s e-retailers struggle with 0% delivery charges – but will shoppers pay extra?
When delivery charges are added, shoppers tend to lower their order size Dubai: Are you a shopper who insists on zero delivery charges before placing an order? If yes, then spare a thought for the …
( read original story …)
Banking, IT and Marketing Are Most Popular Industries Among UAE Job Seekers in 2022
This year, many industries in the UAE are thriving with new career opportunities for professionals, with most job seekers interested in working in Banking/ Finance/ Accounting (8%), IT/ Internet …
( read original story …)
Good News : Indians in UAE can now pay using BHIM UPI
Bharat Interface for Money (BHIM) is an app that lets you make simple, easy, and quick payment transactions using Unified Payments Interface (UPI).
( read original story …)
Tarabut Gateway becomes an Open Banking platform in the UAE
Tarabut Gateway has been granted a licence by Dubai Financial Services Authority to provide money services in and from Dubai International …
( read original story …)
ADCB joins UAE trade finance blockchain consortium
UAE Trade Connect (UTC) is proud to announce that Abu Dhabi Commercial Bank (ADCB) has joined its consortium of leading UAE banks utilising its blockchain platform to help de-risk trade finance. UTC …
( read original story …)
Local Press: UAE is building bonds for the future
ABU DHABI, 22nd April, 2022 (WAM) — The UAE’s Finance Ministry on Wednesday announced the launch of dirham-denominated treasury bonds, to build a local currency bond market and raise alternative …
( read original story …)
UAE’s DFSA grants license to open banking firm Tarabut Gateway
DFSA is the independent regulator of financial services in DIFC, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. UAE’s DFSA grants license to open banking …
( read original story …)