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Tag: finance

Posted on 29/07/2024

Commercial Bank of Dubai introduces core banking services for virtual asset service providers

This pioneering initiative underscores CBD’s commitment to fostering innovation and supporting the growing digital asset ecosystem in the region …

Posted on 29/07/2024

HDI Global strengthens business in the Middle East with local presence in Dubai International Financial Centre

The new Dubai office Managing Director, Willem van Wyk, brings over three decades of global insurance industry experience including senior leadership roles in the Middle East market and beyond …

Posted on 29/07/2024

Franklin Templeton Launches UAE Funds to Attract Retail Inflows

Franklin Templeton is launching seven feeder funds in the United Arab Emirates targeted at retail investors, joining asset managers like Allianz Global Investors in aligning their product offerings …

Posted on 29/07/2024

Student Loan in the UAE: What Expats Need to Know

In the UAE, many residents who complete their schooling choose to continue their higher education in the country. While scholarships can help, studying in the UAE can still be expensive. For those who …

Posted on 28/07/2024

UAE grants first national lottery license

The UAE has awarded its first national lottery license, marking a massive step in the country’s move to regulate commercial gaming activities.

Posted on 28/07/2024

UAE: Applying for a student loan? Minimum salary, eligibility for expats explained

In the UAE, apart from banks, certain universities offer student loans too that give students a chance to study further in the country without having to worry too much about finances. This option is …

Posted on 28/07/2024

Dubai expat’s loan triples to over Dh530,400 after bank’s restructuring offer

A Dubai resident didn’t expect that the Dh180,000 loan she took out during the pandemic would triple to Dh530,400 after she accepted the bank’s offer to re..

Posted on 28/07/2024

UAE’s pioneering experiences in advanced technology highlighted

The UAE participated in the G20 Labour and Employment Ministers’ Meeting, which concluded in Fortaleza, Brazil, on 26 July, …

Posted on 28/07/2024

Dubai bank announces instalment deferment facility for customers hit by system glitch

This measure has been taken keeping customers’ financial well-being in mind and ensures that the customers are not faced with a situation where they have to pay for the uncollected June installment …

Posted on 28/07/2024

UAE visit visa latest fee – August 2024

Pakistani nationals and other tourists planning to visit the United Arab Emirates (UAE) must obtain a visit visa to enter the country.

Posted on 28/07/2024

Dubai’s GDP tops AED 115 billion in first quarter of 2024, with its economy growing 3.2% compared to the same period in 2023

propelling sectors that have been core to Dubai’s growth story – including logistics, trade, real estate, and financial services – to new heights, while also sustaining the upwards …

Posted on 28/07/2024

UAE: Expat shocked after loan tripled to over Dh530,000 due to interest fees, charges

A Dubai resident didn’t expect that the Dh180,000 loan she took out during the pandemic would triple to Dh530,400 after accepting the bank’s offer to restructure her loan, extending the Equated …

Posted on 27/07/2024

Dubai Islamic Bank offers payment relief to customers affected by June system issue

Dubai Islamic Bank (DIB) has deferred July installments for customers whose June payments were not collected during a system upgrade. The bank implemented this measure to prevent customers from facing …

Posted on 27/07/2024

UAE Central Bank revokes Galaxy Insurance Broker’s licence

The decision was made under Article 22 (2) of the Board of Directors Resolution No. 15 of 2013 Concerning Insurance Brokerage Regulations in UAE …

Posted on 27/07/2024

UPI payments: All that Indians living in the UAE and tourists need to know

A digital payment network is being unveiled across the UAE, making it easier for Indians travelling to Dubai to make instant payments using mobile phones linked to their bank accounts back home. The …

Posted on 27/07/2024

UAE Investors Maintain Strong Appetite For Ipos

Additionally, the survey reveals a significant vote of confidence among investors in the bookbuilding process, considered a critical aspect of IPOs. An impressive 71 per cent of investors have …

Posted on 27/07/2024

Fake Job Offers, Raffle Wins: UAE Banks Warn Residents Against 8 Scams

Some scammers call customers claiming to be bank officials and seek details related to their accounts. The banks will never call and ask customers about their account and fund details. Therefore, …

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