I have been granted a power of attorney by my partner and it was issued before he left the country. Since March 2018 until today, I have been settling all EMI payments. There was absolutely no …
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District 2020 inks partnership deals with Dubai SME, MBRIF
In line with Dubai and the UAE’s proactive approach to supporting small and medium enterprises (SMEs) and the important role they play in bolstering the country’s resilient economy, both organisations …
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Dubai Customs’ offices now back at 100% capacity
Mohammed Al Ghaffari, acting executive director for human resources, finance and administration division at Dubai Customs, said the team has proven its full capability to get work done remotely. “With …
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Nasdaq Dubai welcomes listing of $1.5b sukuk by Islamic Development Bank to support COVID-19 interventions
Nasdaq Dubai on Sunday welcomed the listing of a $1.5 billion dollar sukuk issued by Islamic Development Bank (IsDB) to support COVID-19 relief initiatives. The capital raised will fund medical, …
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Dubai’s Emirates Islamic offers promotions on banking products to UAE healthcare professionals
The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals …
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Will AI revolutionise the banking and legal sector?
Of all the digital technologies that are driving change in businesses, Artificial Intelligence (AI) is perhaps the most disruptive of all …
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Iran’s central bank injects cash to lift rial, governor says
Iran’s Central Bank has injected hundreds of millions of dollars to stabilise the currency market, bank governor Abdolnaser Hemmati said on Saturday, after the Iranian currency fell to historic lows …
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Interview: Amlak IPO a vote of confidence in long-term fundamentals, says CEO Abdullah Al-Sudairy
Amlak International, the Saudi Arabian real estate finance company, surprised markets with the announcement that it was pressing ahead with an initial public offering (IPO) on the Tadawul that could …
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UAE- Saudi-Emirati Coordination Council holds virtual meeting
DUBAI, 27th June, 2020 (WAM) — The Executive Committee of the Saudi-Emirati Coordination Council held a virtual meeting under the chairmanship of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet …
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UAE: How to manage overwhelming loans or debt during COVID-19?
Three in five UAE residents are weighed down by a sheer mountain of varying debts from credit cards to personal loans, home loans and auto loans. Image Credit: Supplied Law, debt and prison: Avoiding …
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Lebanese central bank’s accumulated losses reach $49 billion, says report
Dubai: The International Monetary Fund (IMF) has warned Lebanon that its central bank has accumulated losses of as much as $49 billion, as divisions between the government and the Banque du Liban …
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MoneyGram, Digital Financial Tie Up for Firmer Footing in UAE
MoneyGram International, Inc. MGI has partnered with Digital Financial Services LLC, a joint venture between Etisalat and Noor Bank, a subsidiary of Dubai Islamic Bank Per the pact, millions of …
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DIFC fund helps fintech startups power Dubai’s economy
We invest to demonstrate our commitment to developing the sector and to help drive sustainable economic growth for Dubai. These start-ups will help us drive the future of finance.” The fintech fund …
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UAE- Central Bank withdraws AED34.15 bn of surplus liquidity in five months
ABU DHABI, 25th June, 2020 (WAM) — The Central Bank of the UAE has withdrawn AED34.15 billion out of excess liquidity in the market during the first five months of 2020 after it met the market needs …
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UAE confirms virus teamwork with Israeli firms, though not with Netanyahu gov’t
Abu Dhabi mum on state-to-state collaboration with Israel on fighting coronavirus, despite PM declaring imminent announcement from both countries’ health ministries …
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UAE: How do you manage loans that might be overwhelming you during COVID-19?
Dubai Courts decided that rather than imprisonment, they would start issuing fines for these offences which will give people the breathing space they need to get into a better position to manage their …
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Hub71 collaborates with UAE banks to help SMEs
The entities have also launched a whitepaper titled, ‘Rethinking Banking for Startups’, which explores the challenges that startups face when opening a UAE bank account. The whitepaper aims to foster …
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