Overnight Deposit Facility that will allow conventional banks operating in the country to deposit their surplus liquidity at the central bank on an overnight basis. The ODF, effective from July 12, …
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Sheikh Khalifa approves new UAE government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
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UAE President approves new government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
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Beware of fraudsters lurking on dating sites, Dubai Police warn
The Dubai Police had last week busted 40 gangs that allegedly committed … including mobile phones, money and bank cards. They would confine the victim to a place until they used the bank cards and …
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UAE orders government shake-up as virus erodes economic gains
Ministries of energy and infrastructure will be merged and also oversee national housing program, in series of moves aimed at creating more flexible and modern bureaucracy …
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Deem Finance adds second branch, plans two more in UAE
But even here, digital-focussed entity will focus on paperless transactions with clients Dubai: Deem Finance, a digitally-led financial services provider, has opened a second branch, this one at …
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Digital Financial Services Partners With MoneyGram to Offer Ewallet Services in UAE
Digital Financial Services LLC, a joint venture of Etisalat and Noor Bank, acquired earlier this year by Dubai Islamic Bank, has partnered with MoneyGra …
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Sheikh Mohammed reshuffles UAE cabinet, merges ministries, creates new entitites
Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai Sheikh … Chairman of the Emirates Development Bank to play a more developmental role.
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Dubai Police warn residents not to fall prey to fake dating websites
The Dubai Police had last week busted 40 gangs that allegedly committed … including mobile phones, money and bank cards. They would confine the victim to a place until they used the bank cards and …
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ADIB records surge in demand for digital banking services
These statistics indicate a fundamental shift in customer behavior, and an increase in demand for a convenient and contactless banking experience …
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UAE Restructures Government, Merges 50% of Federal Agencies
The United Arab Emirates announced changes to its government structure, including reducing federal agencies by 50%, as the Gulf nation seeks to prepare itself for the challenges created by the …
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UAE Non-Oil Private Sector Jumps Back to Growth in June – PMI
“At 50.4 in June, the UAE PMI signalled the first stage of recovery in the non-oil private sector. More firms are now seeing an increase in activity as opposed to a decline, while …
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GCC IPO market could recover in H2
The GCC is expected to see a modest recovery in initial public offerings (IPOs) in the second half of 2020 after registering just two IPOs …
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UAE adopts new government structure, full announcement to come on Sunday
The United Arab Emirates has adopted a new government structure, involving the merger of ministries and agencies, the country’s vice president said on Saturday, adding that the full announcement would …
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Dubai witnesses 83% growth in Trader licences issued in first half of 2020
The report also showed that the total number of DED Trader licences issued in June has reached 577 licences, an increase of 163 per cent compared to June 2019, when 219 licences were issued. This …
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Gold gearing up for a break
DUBAI — Commodity markets … the recent dollar weakness and lower real yields have all helped drive a reduction in speculative longs held by hedge funds in the futures market. Since the February peak …
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Crazy Rich Kids: The exciting life of Ghana’s rich and famous on social media
There’s a new wave of rich kids on the social media space in Ghana showing the world their wealth, connections, and good life vigorously. A growing number of young Ghanaians have become social media …
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