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Bank investments in UAE cross Dhs774 billion by end of April 2025
Investments by banks operating in the UAE continued their upward trend, reaching Dhs774.3 billion by the end of April 2025. This marks a 16.2% annual …
UAE Launches Specialized Bankruptcy Court to Expedite Financial Disputes
In a landmark move to strengthen investor confidence and streamline insolvency proceedings, the United Arab Emirates has officially launched a dedicated Bankruptcy Court, signaling a major overhaul in …
There’s a new UAE banking rule: Here’s how it will change the way you shop
The shift in digital banking security will begin on Friday July 25 and is being gradually rolled out by the Central Bank of the UAE. Instead of those OTP texts and emails you get sent prior to making …
Standard Chartered launches first sustainable escrow, account bank solution
Standard Chartered announced the launch of the first sustainable escrow and account bank solution, allowing clients to embed sustainability into their cash management strategies. The new solution …
UAE bank investments surge 16.2% to nearly $211bn in April 2025
Banks operating in the UAE recorded investment levels of AED 774.3 billion by the end of April 2025, according to data from the Central Bank of the United Arab Emirates (CBUAE). The figure represents …
UAE central bank partners with Mercury to launch new joint venture
The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a joint venture, Unitey Business Services, to support the Financial Infrastructure Transformation …
UAE banks provided $5bn credit in April
UAE banks provided credit of around AED19 billion ($5 billion) in April and the loans benefited both the public and private sectors, according to the Gulf state’s central bank. The lenders in the …
Asia’s largest institutional fund platform Gordian Capital plans move to Dubai
Acquired by IQ-EQ on Wednesday, Gordion has assets under management of $17bn, with offices in Singapore, Hong Kong and Tokyo …
Over $211bln in bank investments in UAE by end of April 2025
Investments by banks operating in the UAE continued their upward trend, reaching AED 774.3 billion by the end of April 2025. This marks a 16.2% annual increase compared to April 2024 and a 1.4% rise …
No more delays: UAE sets up Bankruptcy Court to fast-track financial disputes, what it is, how it works, and more
The United Arab Emirates will soon have a specialized Bankruptcy Court. It will be based in Abu Dhabi. The court will handle all bankruptcy-related disputes under the updated laws. This move aims to …
App-based banking authorisations come with new risks, warn UAE experts
As UAE banks phase out SMS OTPs, experts urge vigilance around in-app banking security Dubai: With the UAE banking sector moving swiftly to eliminate SMS and email OTPs in favour of app-based …
Executive Centre India files DRHP papers with Sebi for ₹2,600 crore IPO
Executive Centre India has filed for a ₹2,600 crore IPO, focusing on international expansion and acquisitions. The funds will support its Abu Dhabi subsidiary and acquire TEC SGP and TEC Dubai. The …
Wealthy investors bet on Dubai, Abu Dhabi despite regional risks
The inquiries are from potential clients from India and the UK, the US and Africa — even as far afield as Brazil. They’re all looking to set up family offices in Dubai and Abu Dhabi, the twin emirates …
UK loses second spot in global fintech to UAE
The UK has been pushed into third spot on latest global fintech market size data for the first half of this year.
UAE banking assets exceed Dhs4.749tn in April, shows CBUAE report
The central bank’s total balance sheet stood at Dhs972.3bn, comprising Dhs449.1bn in current and deposit accounts …
Here’s why UAE bank customers will no longer receive OTPs via texts and emails
Customers of UAE banks will no longer receive one-time passwords for online financial transactions through SMS and email starting on Friday, according to messages seen by The National. Instead of the …