Tag: banking

Profits for the first nine months of the year are up by 5 percent to 1.75 billion UAE dirhams. In a press release accompanying the firm’s results, the bank’s chairman, Abdulaziz Al Ghuruair, said: “As …
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The gross assets of UAE banks surged six per cent to Dh2.854 trillion by the end of November 2018 from Dh2.694 trillion a year ago, the Central Bank of the UAE said. The banking sector’s gross credit …
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The United Arab Emirates will deposit $3 billion in the central bank of Pakistan to help “enhance liquidity” as the country struggles with a balance of payments crisis, state media said Friday. The tr…
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The UAE will deposit $3 billion (Dh11 billion) in the State Bank of Pakistan to support the country’s financial and monetary policy. The Abu Dhabi Fund for Development said it will deposit the money o…
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ICOs are the cryptocurrency industry’s version of an Initial Public Offering (IPO), where companies go public and sell … However, only half of ICO projects were able to raise more than $100,000. Dub…
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The UAE’s Securities and Commodities Authority will introduce … issue cryptocurrency tokens to investors – the same way shares are issued in an initial public offering of a company’s equities. “Lega…
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The Central Bank of the UAE and other Arabian Gulf regulators raised their benchmark interest rates following the fourth rate increase this year by the US Federal Reserve, which on Wednesday trimmed t…
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Earlier this week, the Dubai Financial Services Authority (DFSA) warned Dubai’s financial services community and the general public about a scam being committed by fraudsters purported to come from th…
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Dubai bank Emirates NBD has announced that it will support Fitbit Pay and Garmin Pay, even as the wearable payment solutions gain popularity in the UAE. Fitbit Pay and Garmin Pay enable people to …
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Finance Magnates learned on Wednesday that retail broker ActivTrades has closed its office in the United Arab Emirates (UAE) and returned its Dubai Financial Services Authority (DFSA) license. The bro…
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Finance Magnates learned on Wednesday that retail broker ActivTrades has closed its office in the United Arab Emirates (UAE) and returned its Dubai Financial Services Authority (DFSA) license. The bro…
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Emirates NBD on Wednesday announced its support of Fitbit Pay and Garmin Pay, making it the first bank in the Middle East to offer this service. The move comes as wearable payment solutions gain popul…
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The UAE Ministry of Finance launched the Mohammed Bin Rashid Innovation Fund Accelerator, a public-private partnership to support local and international innovators, at a special event held at Dubai O…
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The Dubai Financial Services Authority (DFSA) is warning Dubai’s financial services community and the general public about a scam being committed by fraudsters purported to come from the DIFC Authorit…
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Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to the UAE’s …
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Abu Dhabi: The total foreign currency assets held by the Central Bank of the UAE rose 5.9 per cent in November, as current account balances went up and deposits with foreign banks strengthened.
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DUBAI, Dec 17 (Reuters) – Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to …
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