“As a borrower, you are not legally expected to live in the UAE while your loans are not yet fully paid,” explained Abu Dhabi-based legal consultant Shamri Yousef. “Moreover, you …
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RBI’s new Rupee trade policy: Impact on UAE
The CEPA is forecast to increase bilateral trade between the two nations from the current levels to $100 billion over the next five years. This is a mutually beneficial partnership with the UAE …
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UBA Group expands to EMEA, launches banking operations in UBA DIFC, Dubai
The bank has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC). United Bank for Africa Plc (DIFC Branch) …
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The Debt Panel: ‘Will my bank file a legal case for a bounced cheque?
However, to my dismay, the bank then deposited my loan guarantee cheque on June 27, which was eventually returned because of insufficient funds. I have never defaulted on a loan b …
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Banks ready to finance capital projects in Africa – Tony Elumelu declares at UBA Dubai opening
The founder of Tony Elumelu Foundation and Group chairman of Heirs Holdings, Tony Elumelu, has said banks in Africa have the financial mussle to support governments on the continent to accelrate their …
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French finance minister says country prepping for cutoff of Russian gas supply
French Finance Minister Bruno Le Maire tells CNN’s Becky Anderson about the energy deal France signed with the UAE and the advice he has for Europe to prepare for Russia cutting off its gas supply to …
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Coinsfera enables visitors to sell USDT in Dubai to buy real estate
Coinsfera enables anyone to sell USDT in Dubai to buy real estate instantly. As an OTC crypto desk, Coinsfera introduces its new product to the public. As cryptocurrencies become globally acceptable, …
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Commercial Bank of Dubai arranges over $144mln syndicated financing for Gulf Data Hub
The Commercial Bank of Dubai (CBD) has arranged an AED 530 million syndicated financing for Gulf Data Hub (GDH), a data centre facility in Dubai Silicon Oasis. GDH will use the fund in developing its …
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Dubai’s energy demand up 6.3% in the first half of 2022 on economic recovery
from its initial public offering. Dewa currently provides services to more than 3.5 million Dubai residents and the emirate’s active daytime population of more than 4.7 million. These numbers are …
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Al Maryah Community Bank and Al Ansari Exchange sign agreement
Al Maryah Community Bank announced the signing of an agreement with Al Ansari Exchange, as part of its efforts to transform the banking services domain by increasing the level of convenience for its …
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Russia is seeking oil payments from India in UAE dirhams: Reuters, citing sources and document
Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, as Moscow moves away from the U.S. dollar.
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UAE-France ink energy cooperation deals, as fear looms over potential Russian shutdown
The United Arab Emirates (UAE) and France on Monday signed key strategic energy cooperation deals that aim to ensure oil and gas supplies from the Gulf nation and envisage increased co-operation on …
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UAE and French presidents witness signing of Comprehensive Strategic Energy Partnership
The first is a Comprehensive Strategic Energy Partnership between the UAE and France, and the second is a strategic partnership agreement between Adnoc and TotalEnergies. The CSEP focuses on enhancing …
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UAE, France sign energy deal as Europe prepares to end Russian dependency
The UAE and France on Monday signed an agreement on energy cooperation to ensure oil and natural gas supplies from the Gulf country as Europe prepares for the possibility of a total gas cutoff from …
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France, United Arab Emirates sign deal on energy cooperation amid potential Russian shutdown
The deal announced by the French economy ministry Monday comes as Europe prepares for the possibility of a total cutoff of Russian natural gas in retaliation for sanctions over the war in Ukraine.
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UAE IPO wave to continue with Salik, Empower floats
Appetite for IPOs in the country has been unaffected by Tecom’s disappointing debut, according to bankers …
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UAE: Residents will soon trade virtual assets in dirham
UAE’s RAKBank has tied up with Kraken, a global digital asset exchange, whereby UAE residents will be able to trade virtual assets in UAE dirham using their local bank account. Kraken was the first …
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