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UAE: I received a bounced cheque, should I file a police report?
According to the new UAE law decriminalising bounced cheques – Federal Decree Law No. (14) of 2020 – individuals who issued cheques due to insufficient funds no longer face crim …
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Alvarez & Marsal releases Q2 2022 UAE Banking Pulse
Leading global professional services firm Alvarez & Marsal (A&M) has released its latest United Arab Emirates (UAE) Banking Pulse for Q2 2022. The Pulse suggests that the top ten UAE banks have …
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Top ten UAE banks net income jumps 24.4pc to $3.43bn
The UAE banking sector’s NIM noted an improvement as the benchmark interest rate increased. Although NIM increased to 2.3% it is still below the pre-pandemic levels of 2.6%. Th …
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UAE: Indian rupee falls in early trade against UAE dirham
The Indian rupee depreciated four paise to 79.87 against the US dollar (21.76 versus the UAE dirham) in opening trade on Wednesday, tracking the strength of the American currency in the overseas …
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The UAE and its Wealth Management Markets: Making Good Progress
A Pre-Event Survey in Advance of the Hubbis Wealth Solutions Forum 2022. The powers that be, the regulators and the private sector participants overseeing and operating in the UAE’s wealth management …
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Huspy acquires UAE’s Just Mortgages and Finance Lab
Twin acquisition to give Huspy further reach and distribution in the UAE mortgage sector ● Earlier in 2022, Huspy acquired mortgage business Home Matters and completed $37 million Series A round Dubai …
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Best Online Casinos in the UAE: Top 14 UAE Real Money Casino Sites Online
Our team of experts has put together a list of the best online casinos UAE players can sign up to. Come and see who made the cut.
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UAE’s teen-focused fintech Zywa raises $3m in seed funding
Zywa functions as a gamified banking app that also helps teens with financial planning Dubai: Zywa, a fintech startup focusing on teens, has announced a seed funding of $3 million. The company, a part …
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UAE: Crowdfunding savings platform launched based on Jam’iya system
Latifa bin Haider, the founder of Bayutki, said she created the platform on the principles of the pre-existing Jam’iya system. Like a chit fund, the Jam’iya system is where several people decide to …
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New UAE tourist visa rules kick in from September
000 in your bank account via a bank statement for the last six months, proof of UAE health insurance, photocopies of the front and last page of your passport, and recent coloured passport-sized photos …
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Family returns from Dubai to find people living in their house
therefore are unable to rent another property for ourselves as we are covering a mortgage of a home someone else is living in. Part of August was meant for us to settle into our home, get routines in …
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Saudi Arabia: 11 arrested for duping bank customers, stealing cash
Criminal racket set messages to customers saying ATM cards deactivated Dubai: Eleven men have been arrested in Saudi Arabia for impersonating bank employees and stealing money from the accounts of …
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Dubai Investment Fund diversifying investment with bets on innovative tech
The financial world is looking past the public hype and the current tech darlings to focus on diverse innovations and enterprise tech that promise to solve problems, increase productivity, and create …
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Dubai records over AED1.7 billion in real estate transactions Monday
Dubai real estate market recorded 562 sales transactions worth AED1.42 billion, in addition to 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million on Monday, data …
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Dubai government’s investment vehicle reaped solid profits in H1 2022
The strength of the container trade in the global markets is believed to be increasing as the effects of the pandemic are slowly subsiding …
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UAE’s Al Ansari Exchange picks banks for Dubai listing
Al Ansari Exchange was set up almost 60 years ago and currently has over 200 branches in the UAE, making it one of the largest exchange companies in the country. In addition to ex …
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