Customers affected by the system upgrade by Dubai Islamic Bank (DIB) will not be charged of late payment fee or other charges caused by system errors, it was announced on Saturday, July 20. The …
Dubai Bank launches 24-hour safe deposit locker facility
Dubai Bank yesterday became the first bank in the Middle East region to launch a fully automated state-of-the-art safe deposit locker facility cal …
Life and debt in Dubai: ‘They gave me a credit card I hadn’t asked for. It had a €20,000 limit’
Competitive, tax-free salaries lure thousands of Irish expats to Dubai each year. Yet while some build their … loan can lead to years in jail Some expats have found themselves in financial trouble.
‘Keep cash on hand’: UAE residents learn lesson as tech outage halts card payments
“I tapped the card thrice, but payment declined. I was furious [because I thought] my account was hacked and opened my banking app and learned that all was well,” said Toor. When Ahmed requested the …
Trading disrupted, bankers go home after IT outages sweep globe
A cohort of hedge funds, which rely on banks to execute and settle trades, faced disruptions as well. Hedge fund traders said they were facing connectivity and processing issues. Bloomberg terminals …
UAE markets close higher on strong corporate earnings
Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.
UAE markets close higher on strong corporate earnings
Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.
The Dubai princess who divorced her husband on Instagram
The Dubai princess who divorced her husband on Instagram – A social media post informing her husband she is divorcing him as gone viral. But what’s the story? Emma Loffhagen reports …
UAE biz conglomerate introduces UPI payments across outlets countrywide
A UAE-based business conglomerate has announced the acceptance of India’s Unified Payment Interface payments across its outlets in the country.
Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi stock exchanges
Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.
UAE foreign ministry says electronic systems working normally after cyber outage
The United Arab Emirates foreign ministry said on Friday that its electronic systems were functioning normally again following a global cyber outage that affected numerous countries around the world.
UAE and Seychelles sign MoUs to promote use of local currencies
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Caroline Abel, Governor of the Central Bank of Seychelles (CBS), …
UAE to link payments system with Indonesia and Ethiopia
The Central Bank of the UAE has agreed to link its payments system with Indonesia and Ethiopia. The plans with Bank Indonesia were announced on July 17, after the governors of the two central banks …
Trump company plans Dubai luxury tower with Saudi developer
Donald Trump already has several developments bearing his name in Dubai after a tie-up with developer Damac Group in 2015. His projects across the oil-rich Gulf region come as he once again became the …
UAE willing to join multinational force for Gaza
The comments by Lana Nusseibeh, special envoy to the UAE foreign ministry, come as Arab states and the west struggle to devise a viable postwar plan for Gaza. Nusseibeh told the Financial Times that …
UAE stock markets close Thursday in green zone
The benchmark index DFMGI of Dubai Financial Market (DFM) added 37.21 points (0.90%) at the end of Thursday’s session to close at 4,169.17 points. A total of 313.32 million shares were exchanged at a …
Dubai’s Amanat Holding to IPO education platform
Dubai-listed Amanat Holdings will proceed with an initial public offering (IPO) of its education subsidiary, the company said in a bourse statement on Thursday. Amanat, a healthcare, and education …