Dubai Islamic Bank (Public Joint Stock Company)’s (DIB) Issuer Default Ratings (IDRs) are driven by an extremely high probabilit …
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Panic Sellers ‘Practically Giving Away’ Their Bitcoin to Wealthy Buyers, Says Devere Group CEO
Nigel Green, founder and CEO of global financial advisory Devere Group, says bitcoin panic-sellers might be making wealthy buyers richer.
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Dubai Investments makes offer to buy shares in UAE insurance major
Dubai Investments has announced that it has made an offer to shareholders of National General Insurance Company (NGI) to acquire all or part of their shares in the company. Dubai Investments makes …
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DMCC’s Future Of Trade Crypto Report Explores Opportunities In USD 261 Billion Decentralised Finance Sector
DMCC– the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – launched today a special crypto edition of its Future of Trade thought leadership report …
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Region’s largest innovation ecosystem opened in Dubai
Commercial Bank of Dubai, one of the leading banks in the UAE, announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest …
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UAE: Policybazaar firm encourages start-ups to gather funds
Yashish Dahiya, co-founder and group chief executive of insurance aggregator Policybazaar, mentioned that this age of economic development must encou …
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The UAE is ‘Silicon Valley meeting Wall Street to talk about emerging economies’, IFC says
Silicon Valley and Wall Street, talking about emerging economies”. That is how the International Finance Corporation’s Managing Director Makhtar Diop sees the UAE. Mr Diop is visiting the UAE this …
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Banks in UAE need to ensure full compliance with consumer protection rules: UAE Central Bank
Dubai: Banks in the UAE will need to work closely with the regulator towards “full compliance” on the Consumer Protection Regulations and Standards. Doing so will raise consumer trust in the banking …
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Banks in UAE need to ensure full compliance with consumer protection rules: UAE Central Bank
Dubai: Banks in the UAE will need to work closely with the regulator towards “full compliance” on the Consumer Protection Regulations and Standards. Doing so will raise consumer trust in the banking …
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UAE’s economic recovery to strengthen in 2022, CBUAE says
The UAE’s economic recovery is expected to strengthen further in 2022 and the country’s banking system has the capacity to support the financial system and its growth, according to the Central Bank of …
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Qatar central bank to start gradual reduction of pandemic stimulus
The central bank of Qatar said on Thursday it will start working on a gradual reduction of the measures introduced to support the economy given the recovery from the impact of the coronavirus crisis …
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Indian, Palestinian, Filipino win Dh100,000 each in Mahzooz draw in Dubai
Dubai: An Indian expatriate, a Palestinian national and a Filipino quantity surveyor were among 13 lucky winners who were richer by Dh100,000 each in the 55th weekly. Mahendiran, 39, from India, …
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For Indian expats in UAE this is turning out to be the time to remit as rupee drops further
December remittance volumes were already trending higher – it could get more busy Dubai: The Indian rupee could come under renewed pressure today (December 16), with one dirham at Rs20.75 and slipping …
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UAE: 6 hawala operators fined Dh350,000 for not registering with Central Bank
The UAE Central Bank has fined six hawala operators Dh350,000 in violation of the country’s Anti Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations …
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RAK Economic Zone firms can now easily open accounts with Commercial Bank of Dubai
Dubai: The Economic Zone (RAKEZ) has signed an agreement with Commercial Bank of Dubai (CBD), allowing the free zone’s customers to open bank accounts easily. “Through this partnership, RAKEZ clients …
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UAE mid-market firms ‘must plan for inflation’
Companies in the UAE must start planning for rising costs in 2022 and 2023, says a senior corporate banking executive from Mashreq Bank, a leading financial institution in the country. “Inflation is a …
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Why business is booming at Capital Club Dubai
Hussain Sultan Al Junaidy has described it as the “craziest” decision in his career to take over at the helm of the DIFC-based club, but the 83-year-old has worked tirelessly to put it back on the map …
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