The International Renewable Energy Agency (IRENA) and global financial centre Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MoU) to jointly commit to progressing …
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Saudi Arabia’s biggest pharmacy firm Nahdi in early talks for IPO -sources
Saudi Arabia’s Nahdi Medical Co, the largest pharmacy retail chain in the kingdom, is weighing an initial public offering (IPO) and has begun early talks with potential advisors, two sources familiar …
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Fintech grabs top spot in UAE startups
The top three sectors real estate, fintech and food & beverage are proving to be the hot segments to invest This website uses cookies to improve your online experience. They were placed on your …
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UAE central bank to launch new overnight deposit facility
The United Arab Emirates Central Bank said on Monday it will introduce a new overnight deposit facility as of July 12 which will reflect the monetary policy of the regulator. DUBAI, July 6 (Reuters) – …
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COVID-19: Dubai resident used a microwave to disinfect his cash
Dubai Police urged residents to always disinfect their money in correct and proper manner Dubai: Police have warned residents not use innovative ways to disinfect their cash and to stick to …
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Central Bank of UAE introduces new overnight deposit facility for conventional banks
Overnight Deposit Facility that will allow conventional banks operating in the country to deposit their surplus liquidity at the central bank on an overnight basis. The ODF, effective from July 12, …
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Sheikh Khalifa approves new UAE government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
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UAE President approves new government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
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Beware of fraudsters lurking on dating sites, Dubai Police warn
The Dubai Police had last week busted 40 gangs that allegedly committed … including mobile phones, money and bank cards. They would confine the victim to a place until they used the bank cards and …
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UAE orders government shake-up as virus erodes economic gains
Ministries of energy and infrastructure will be merged and also oversee national housing program, in series of moves aimed at creating more flexible and modern bureaucracy …
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Deem Finance adds second branch, plans two more in UAE
But even here, digital-focussed entity will focus on paperless transactions with clients Dubai: Deem Finance, a digitally-led financial services provider, has opened a second branch, this one at …
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Digital Financial Services Partners With MoneyGram to Offer Ewallet Services in UAE
Digital Financial Services LLC, a joint venture of Etisalat and Noor Bank, acquired earlier this year by Dubai Islamic Bank, has partnered with MoneyGra …
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Sheikh Mohammed reshuffles UAE cabinet, merges ministries, creates new entitites
Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai Sheikh … Chairman of the Emirates Development Bank to play a more developmental role.
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Dubai Police warn residents not to fall prey to fake dating websites
The Dubai Police had last week busted 40 gangs that allegedly committed … including mobile phones, money and bank cards. They would confine the victim to a place until they used the bank cards and …
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ADIB records surge in demand for digital banking services
These statistics indicate a fundamental shift in customer behavior, and an increase in demand for a convenient and contactless banking experience …
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UAE Restructures Government, Merges 50% of Federal Agencies
The United Arab Emirates announced changes to its government structure, including reducing federal agencies by 50%, as the Gulf nation seeks to prepare itself for the challenges created by the …
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UAE Non-Oil Private Sector Jumps Back to Growth in June – PMI
“At 50.4 in June, the UAE PMI signalled the first stage of recovery in the non-oil private sector. More firms are now seeing an increase in activity as opposed to a decline, while …
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