Dubai bank Emirates NBD has announced that it will support Fitbit Pay and Garmin Pay, even as the wearable payment solutions gain popularity in the UAE. Fitbit Pay and Garmin Pay enable people to …
( read original story …)
Exclusive: ActivTrades Returns Dubai License, Closes UAE Office
Finance Magnates learned on Wednesday that retail broker ActivTrades has closed its office in the United Arab Emirates (UAE) and returned its Dubai Financial Services Authority (DFSA) license. The bro…
( read original story …)
Exclusive: ActivTrades Returns Dubai License, Closes Office in UAE
Finance Magnates learned on Wednesday that retail broker ActivTrades has closed its office in the United Arab Emirates (UAE) and returned its Dubai Financial Services Authority (DFSA) license. The bro…
( read original story …)
Dubai’s biggest bank first to support Fitbit Pay, Garmin Pay
Emirates NBD on Wednesday announced its support of Fitbit Pay and Garmin Pay, making it the first bank in the Middle East to offer this service. The move comes as wearable payment solutions gain popul…
( read original story …)
UAE Ministry of Finance Launches Mohammed Bin Rashid Innovation Fund Accelerator
The UAE Ministry of Finance launched the Mohammed Bin Rashid Innovation Fund Accelerator, a public-private partnership to support local and international innovators, at a special event held at Dubai O…
( read original story …)
Dubai’s DFSA warns of online scam
The Dubai Financial Services Authority (DFSA) is warning Dubai’s financial services community and the general public about a scam being committed by fraudsters purported to come from the DIFC Authorit…
( read original story …)
UAE lenders unaffected by troubles at Sharjah’s Invest Bank
Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to the UAE’s …
( read original story …)
UAE Central Bank’s foreign currency assets, monetary base rise 6%
Abu Dhabi: The total foreign currency assets held by the Central Bank of the UAE rose 5.9 per cent in November, as current account balances went up and deposits with foreign banks strengthened.
( read original story …)
MIDEAST DEBT-UAE lenders unshaken by troubles at Sharjah’s Invest Bank
DUBAI, Dec 17 (Reuters) – Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to …
( read original story …)
UAE Finance Ministry launches innovation accelerator for start-ups
The Mohammed Bin Rashid Innovation Fund is inviting applications from start-ups around the world and will select up to 25 local and international companies for its first accelerator programme to boost …
( read original story …)
UAE finance ministry launches accelerator
The UAE’s Ministry of Finance has launched a new accelerator to drive innovation in the country. The Mohammed Bin Rashid Innovation Fund (MBRIF) Accelerator is a year-long programme established in par…
( read original story …)
UAE Residents Financially Happy Amid Looming Job Losses and Pay Cuts
YouGov’s latest survey finds that although UAE residents are generally happy with their current financial situation, they worry about their financial future due to fear of job loss and pay cuts Financ…
( read original story …)
UAE Central Bank says ready to provide liquidity to Sharjah’s Invest Bank
The UAE Central Bank on Sunday said it was closely monitoring financial developments at Sharjah’s Invest Bank after the emirate’s government said it would take a majority stake. The state …
( read original story …)
UAE central bank says to support Invest Bank with all available liquidity facilities
DUBAI, Dec 16 (Reuters) – The central bank of the United Arab Emirates (UAE) said on Sunday it stood ready to extend “all the available liquidity facilities” to struggling Invest Bank . The central ba…
( read original story …)
Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments Park Development, which develops and manages property for the holding company, is also working with First Abu Dhabi Bank, Emirates NBD and Dubai Islamic Bank to place the five-year n…
( read original story …)
Dubai’s biggest bank embraces Google Pay technology
Emirates NBD, Dubai’s biggest bank, has announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, which is investing …
( read original story …)
Shares of Qatar Aluminium surge above IPO price on debut
DUBAI – Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this …
( read original story …)