NRIs had been tapping UAE banks to play the Indian stock market Dubai: NRI investors who borrowed from UAE banks and invested in Indian stocks are facing heavy losses. Their loan servicing costs in …
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Gross UAE banks’ assets rise to Dh3.322 trillion
Gross credit increased by 0.3 per cent to Dh1.794 trillion from Dh1.788.3 trillion during the same period due to 0.1 per cent and 2.6 per cent increases in domestic …
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DIFC-based Tarabut Gateway Now a Regulated Open Banking Platform in UAE
Tarabut Gateway has reportedly been granted a license by Dubai Financial Services Authority (DFSA) to offer money services in and from DIFC.
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Local Press: The UAE is building bonds for the future
The Ministry of Finance on Wednesday announced the launch of dirham-denominated treasury bonds. “The initiative is expected to build a local currency bond market and raise alternative sources of …
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UAE’s e-retailers struggle with 0% delivery charges – but will shoppers pay extra?
When delivery charges are added, shoppers tend to lower their order size Dubai: Are you a shopper who insists on zero delivery charges before placing an order? If yes, then spare a thought for the …
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Banking, IT and Marketing Are Most Popular Industries Among UAE Job Seekers in 2022
This year, many industries in the UAE are thriving with new career opportunities for professionals, with most job seekers interested in working in Banking/ Finance/ Accounting (8%), IT/ Internet …
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Good News : Indians in UAE can now pay using BHIM UPI
Bharat Interface for Money (BHIM) is an app that lets you make simple, easy, and quick payment transactions using Unified Payments Interface (UPI).
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Tarabut Gateway becomes an Open Banking platform in the UAE
Tarabut Gateway has been granted a licence by Dubai Financial Services Authority to provide money services in and from Dubai International …
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ADCB joins UAE trade finance blockchain consortium
UAE Trade Connect (UTC) is proud to announce that Abu Dhabi Commercial Bank (ADCB) has joined its consortium of leading UAE banks utilising its blockchain platform to help de-risk trade finance. UTC …
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Local Press: UAE is building bonds for the future
ABU DHABI, 22nd April, 2022 (WAM) — The UAE’s Finance Ministry on Wednesday announced the launch of dirham-denominated treasury bonds, to build a local currency bond market and raise alternative …
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UAE’s DFSA grants license to open banking firm Tarabut Gateway
DFSA is the independent regulator of financial services in DIFC, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. UAE’s DFSA grants license to open banking …
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UAE: Why investing in T-bonds would be more profitable than keeping money in a savings account
The UAE government will soon launch Treasury bonds (T-bonds) denominated in local currency for the first time to raise funds.The Ministry of Finance (MoF) UAE will issue T-bonds on behalf of the …
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What are local currency T-bonds and how can they boost UAE’s capital markets?
Provided by The National The UAE plans to auction its first T-bonds in May. Silvia Razgova / The National . Related: UAE launches dirham treasury bonds with an issuance size of …
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UAE Central Bank launches two new banknotes
The Central Bank of the UAE (CBUAE) has launched two new polymer banknotes, in five and ten dirham denominations. The banknotes, which have been enhanced by technical characteristics and security …
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Private School Operator Taaleem Picks Banks for Dubai IPO
(Bloomberg) — Private school operator Taaleem has picked EFG-Hermes and Emirates NBD Bank to lead a planned Dubai initial public offering, according to people with knowledge of the matter. We …
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Blackstone Hedge Fund Duo Are the Latest to Exit After Leadership Changes
Blackstone Inc. is losing two more managing directors from its hedge fund solutions group, according to people with knowledge of the matter.Most Read from BloombergKremlin Insiders Alarmed Over …
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Look: UAE Central Bank launches new Dh5 and Dh10 banknotes
The Central Bank of the UAE (CBUAE) on Thursday announced the launch of two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and …
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