The move is in compliance with a directive from the UAE Central Bank, which has mandated financial institutions to update identification records of customers within a specified timeframe.
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UAE banks suspend credit, debit cards as customers don’t update Emirates ID
… and debit cards of some customers who haven’t updated their Emirates ID details as per the instructions of the UAE Central Bank. Leading UAE banks such as ADCB, RAK Bank, Emirates NBD and CBI, …
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UAE bank suspends debit, credit cards of select customers
Emirates NBD, the largest bank in Dubai in terms of assets, has suspended credit and debit cards of some customers for not updating their Emirates ID details as per the instructions of the UAE Central …
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Dubai’s message to its people: be tolerant, or else
Since June 2017, Qataris have been barred from the UAE and Dubai-based financial institutions prevented from doing business with Qatar. Meanwhile, the large Iranian business community that has long …
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UAE banks suspend customers who did not share identity documents
UAE banks have suspended services to customers who failed to comply with a Central Bank of the UAE directive to submit their Emirates ID. Emirates NBD and Commercial Bank International confirmed on …
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UAE banks suspend customers that did not share identity documents
UAE banks have suspended customers that failed to comply with a Central Bank of the UAE directive to submit their Emirates ID. Emirates NBD and Commercial Bank International confirmed on Wednesday …
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UAE- Banking sector set to accelerate digital transformation in 2019
DUBAI, 20th March, 2019 (WAM) — From meeting capital requirements to the rise of ecosystem-led business models and the emergence of new devices, channels and technologies, the global banking …
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New ATM set up for visually challenged people in UAE
Crown Prince of Dubai and Chairman of the Dubai Executive Council, aiming to make the emirate a ‘completely friendly place’ for people of determination by 2020. Mohammed Abdullah, CEO of Sharjah …
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CIS Islamic Banking and Finance Forum to be Held in Tashkent- Uzbekistan
Dubai: CIS Islamic Banking and Finance Forum will convene in Tashkent – Uzbekistan on 2 nd May, 2019 to explore and discuss innovative financial inclusion strategies that can create clear pathways to …
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‘UAE fintech sector is a gold mine’
The summit was supported by The Bahrain Economic Development Board, Expo 2020 Dubai, Newgen Software Technologies, OneSpan, Comviva and Daon, will focus on Financial Innovations, Digital …
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ATM launched for people of determination in Dubai
in Dubai has inaugurated an automated teller machine (ATM) for people of determination to enjoy banking services. Maj Gen Mohammad Ahmad Al Merri, Director General of the GDRFA Dubai, witnessed …
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Swedish crowdfunding firm launches operations in Dubai
FundedByMe, a global crowdfunding website that allows companies to raise funds by selling equity, trough equity crowdfunding, has launched operations in Dubai International Financial Centre (DIFC) …
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Finnovex ME to focus on disruptive innovations in banking and finance sectors
The Middle East edition of Finnovex 2019 is supported by The Bahrain Economic Development Board, Expo 2020 Dubai, Newgen Software Technologies, OneSpan, Comviva and Daon, will focus on Financial …
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UAE- Refinitiv MENA Regulatory Summit Debates Impacts of Global Regulatory Change
… of respondents have fallen victim to financial crime in the past five years, while 87% expect their technology to develop over the next two years Dubai, UAE, March 19, 2019:Refinitiv held …
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Afghanistan- UAE, Azerbaijan ready to buy Afghan products: Ghani
UAE Crown Prince Sheikh Mohamed bin Zayed Al … sector by international companies was important and the Ministry of Finance would work on the issue.
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Banking shares see aggressive buying on government move
Dubai: Swing traders were aggressively buying banking shares in the UAE for a second day on Monday as the government decided to consolidate debts that its citizens owed to the government. Traded value …
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Emirates Islamic named most innovative Islamic bank
Emirates Islamic, the leading Islamic financial institution in the UAE, was recently awarded ‘Most Innovative Islamic Bank’ by Islamic Finance News at a ceremony held in Dubai. The Islamic Finance …
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