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Tag: finance

Posted on 28/06/2020

My flat’s co-owner left the UAE without paying mortgage. What should I do?

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 …
( read original story …)


Posted on 28/06/2020

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 …
( read original story …)


Posted on 28/06/2020

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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Posted on 28/06/2020

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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Posted on 28/06/2020

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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Posted on 28/06/2020

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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Posted on 28/06/2020

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 …
( read original story …)


Posted on 28/06/2020

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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Posted on 28/06/2020

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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Posted on 27/06/2020

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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Posted on 27/06/2020

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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Posted on 27/06/2020

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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Posted on 27/06/2020

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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Posted on 26/06/2020

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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Posted on 26/06/2020

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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Posted on 25/06/2020

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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Posted on 25/06/2020

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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