Senior officials from both central banks also attended the meeting, according to a CBUAE statement on Thursday. During the meeting, the two sides discussed the co-operative bilateral relations between …
( read original story …)
Kyrgyzstan expat racks up Dh450k in savings over 2 decades to start a UAE beauty business
From managing beauty shops in Afghanistan to setting up her own firm in Dubai Kyrgyzstan expat Cholpon Djusueva racked up Dh450,000 in savings over the last two decades to start a beauty business in …
( read original story …)
Rising IPO tide could lift all Gulf boats
Riyadh, Abu Dhabi and Dubai are fighting it out to be the region’s listing venue of choice. But recent evidence suggests much greater foreign investor interest in Gulf IPOs in general than previous …
( read original story …)
FSS partners with UAE’s first digital banking platform
Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform with emphasis on virtual card issuance and support 3D secure …
( read original story …)
UAE: Phone scam gang to stand trial for money laundering
A gang of nine has been referred to court on charges of money laundering. According to the UAE Public Prosecution, the gang used funds from theft and fraud operations to carry out the crime.
( read original story …)
UAE financial sector ready to boost sustainable funding in sync with net-zero goals
The UAE’s financial sector is aligned with the country’s net-zero goals and boosting the availability of green financing to local businesses to accelerate sustainable economic development in sync with …
( read original story …)
Dubai jobs: Leading bank to hold walk-in interviews; salary up to Dh5,000
A leading bank in the UAE is hiring sales officers for its credit cards and auto loans department, offering up to Dh5,000 salary plus other benefits.The candidates applying for the job should have …
( read original story …)
Dubai: Mortgage transactions reach all-time high of Dh127 billion in 2021
The mortgage market in Dubai experienced a record-breaking year in 2021 as the total number of mortgage transactions registered with the Dubai Land Department reached 19,520, exceeding the previous …
( read original story …)
Dubai mortgage transactions break records in 2021
Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%. Q1 2021 had the …
( read original story …)
UAE’s 4th Industrial Revolution strategy focuses on advancing national economy
IDC estimated that public cloud services adoption is accelerating at a CAGR of 28 per cent year on year between 2020 and 2025 in the UAE …
( read original story …)
5 ways to protect investments from inflation and make profits in times of crisis
Even if your money is growing in value, inflation has always been one such risk that can still reduce the bottom line value of your investments. Moreover, with inflation soaring globally currently to …
( read original story …)
NCB Capital named Best Asset Management Company
The award, presented in Dubai on 21stDecember at the Emirates … NCB Capital’s asset management strategies include hedge fund-of-funds, fixed income, money market and local equities and it …
( read original story …)
Abu Dhabi Sustainable Finance Forum to be carbon neutral
Abu Dhabi Global Market (ADGM) has announced that the fourth edition of its landmark Abu Dhabi Sustainable Finance Forum (ADSFF), to be held virtually today (January 19), will be a carbon-neutral …
( read original story …)
UAE agrees deal to boost Turkey’s central bank reserves
Turkey and the United Arab Emirates signed a $5bn deal to boost Ankara’s foreign currency reserves in the latest sign of warming ties between the two former arch rivals. The two nations’ central banks …
( read original story …)
Central Banks of UAE, Turkey sign currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of the Republic of Turkey (CBRT) Wednesday announced the establishment of a bilateral currency swap agreement between the UAE …
( read original story …)
FSS partners with UAE’s first digital banking platform to support global expansion
FSS (Financial Software and Systems) announced its collaboration with YAP, the United Arab Emirates’ (UAE) first independent digital banking platform, to deliv …
( read original story …)
UAE-based trade finance platform 360tf raises $1.5m five months into launch
Dubai: A trade financing platform, 360tf, has raised $1.5 million in new funds five months after going live. The portal connects banks and businesses to manage their letters of credit financing needs.
( read original story …)