https://gulfnews.com/business/property/50-per-cent-completion-required-before-off-plan-sales-can-begin-in-dubai-1.2176706 Al-Ahli supermarket … is closing down – Al-Sharhan Securities GEMS had plann…
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UAE-China currency swap expected to boost trade
Abu Dhabi: The UAE Central Bank said on Wednesday that a currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
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UAE Central Bank, Saudi Arabia to Develop Joint Cryptocurrency for Interbank Transactions
The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. A digital currency meant for interbank transactions is being jointly developed …
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Dubai’s DAE signs new $535m revolving credit facility
Firoz Tarapore, CEO of DAE said: “We are pleased to sign this facility with Emirates NBD, a leading bank in the UAE and the Middle East. This facility reinforces the strong availability of liquidity i…
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Beware: New ATM scam message in UAE can drain your bank account
There is no stopping the scammers from inventing new fraudulent ways once the old ones are exposed. All residents can do is stay vigilant and cross-check before acting on any SMS/Email/Whatsapp msg th…
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Government of Sharjah to acquire stake in struggling Invest Bank
The Sharjah government will take a majority stake in struggling Invest Bank, the lender said on Friday, in a move it said would help ensure its future growth. Invest, one of the smaller banks in the U…
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UAE, Chinese banks to enhance RMB clearing
the Central Bank of China and the Agricultural Bank of China discussed to improve the Renminbi clearing. [Photo/IC] DUBAI – Officials from the Central Bank of United Arab Emirates (CBUAE), the …
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Harsh Market Has Taken Down Another One – Jabre Capital Partners Is Returning Client Money
Some of these are large hedge funds that have managed billions of dollars … and it is based in Geneva with an additional investment office in Dubai. Jabre Capital Partners was founded by …
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Finablr’s UAE Exchange, Ripple to begin blockchain payments by Q1
Read: UAE’s Finablr hires banks for IPO, listing in London UAE Exchange set a target in 2016 to spend between $250m and $300m on acquisitions to build its global market share. The company had …
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UAE-Saudi digital currency in the works
Abu Dhabi: The UAE Central Bank has started work on a digital currency, together with the Saudi Arabian Monetary Authority (SAMA), in an effort to speed up financial transactions between the two …
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Planned UAE-China currency swap expected to boost trade
Abu Dhabi: The UAE Central Bank said on Wednesday that a planned currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
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UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency
It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing …
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UAE to launch new integrated payment system
The UAE will soon launch a new integrated payment system that builds upon the success of the eDirham system launched in 2001, according to the Ministry of Finance. On Sunday, the Ministry of Finance h…
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UAE banks now required to run credit checks before issuing chequebooks
The Central Bank of the UAE (CBUAE) has requested all lenders to run credit checks … according to a circular sent to financial institutions. In the case of new customers, banks are limited to issuin…
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Changes to the Dubai International Financial Centre’s (“DIFC”) Legal and Regulatory Framework relating to DIFC registered Companies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as president of the DIFC, vice president and prime minister of the United Arab Emirates (“UAE”) and Ruler of Dubai, has recently ena…
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Dubai Financial Market Publishes Updated Versions Of Its Shari’a Standards To Cater For The Growing Interest In Green Economy And Sustainability
HE/ Essa Kazim: “We are committed to expand our standards in line with the Islamic finance’s momentum as a result of the leading initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum to for…
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Dubai Financial Market updates Sharia standards
Dubai: The Dubai Financial Market (DFM) has published updated Sharia standards in a move to bolster the regulatory framework supporting the Islamic capital markets sector. The updated guidelines …
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