The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the Central Bank accounted for AED769.7 billion of the sector’s net international reserves at the end of June …
UAE banking sector reports 10.6% growth in capital, reserves, investments
Total capital and reserves of banks operating in the UAE reached AED495.2 billion at the end of June 2024, new data by CBUAE said …
UAE bank close to acquiring $5b stake in Indian bank
A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions of dollars, according to the U..
Moody’s ratings upgrades United Arab Bank’s deposit ratings to Baa3, outlook remains positive
The upgrade of UAB’s deposit ratings to investment grade (Baa3) reflects the bank’s improved asset quality and profitability metrics …
UAE banks’ capital, reserves hit $134.93bln
The capital and reserves of banks operating in the country increased on a monthly basis by 1.5%, while during the first half of this year, it increased by 1.2% …
DIFC leads projects to assist flow of wealth and AM firms
The Middle East, Africa, and South Asia (MEASA) region’s global financial hub, Dubai International Financial Centre (DIFC), has made a number of initiatives that strengthen its standing as the most …
From council estate to Dubai: millionaire shares five rules for success
Dr Byron Cole went from a council estate to becoming a multimillionaire and he shared the five simple rules he followed that helped him build his massive fortune …
UAE: Montenegrin expat shares her secrets to smart money management
Dr. Jelena Janjusevic, 45, spends her life talking about money as head of accountancy, economics and finance at Heriot-Watt University’s Dubai campus. We t..
UAE banks’ capital, reserves hit over Dh495 billion
The CBUAE explained that banks’ capital and reserves do not include subordinated borrowings/deposits, but do include the current year’s profits …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
Abu Dhabi bank on the prowl: UAE Ambassador’s comments spark Yes Bank buyout rumours
An Abu-Dhabi based bank is likely to purchase a significant stake in an Indian bank, UAE Ambassador to India Abdulnasser Alshaali told CNBC TV-18, triggering speculation the target is Yes Bank. The …
UAE: Dh5-million loan helps farmers grow all kinds of food
A bank is giving both Emirati and expat farmers in the country the loan with the option to repay in instalments over several years to ensure food security …
Tips on saving money in the UAE
When expats first move to the UAE, they’re often drawn by the allure of a tax-free, luxurious lifestyle that’s ‘Grammable’. However, they quickly realize t..
UAE Fintech Fasset Moves into RWAs with Ethereum Layer 2 Service – IOWN
Fasset has announced IOWN, an Ethereum layer 2 blockchain for Real World Assets (RWA). Based in the UAE, the company states that it has moved forward with the …
UAE fintech Paymob raises $22mn in Series B extension round
The latest round will take the company’s total Series B funding to $72 million. The company said the just concluded funding round was led by EBRD Venture Capital with participation from Endeavor …
UAE Central Bank approves digital assets custodial risk insurance
The UAE Central Bank has approved OneDegree, Asia’s licensed insurer for digital assets, and Dubai Insurance Company’s issuance of digital assets custodial risk insurance to their customers in UAE.