The UAE Central Bank (CBUAE) has announced an amendment to regulate … CBUAE also instructed banks and finance companies to display the new fee caps on their websites. Going forward fees charged by the banks will be reviewed annually to ensure that …
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UAE equity indices slide further amid trade tensions
The Dubai Financial Market (DFM) index fell 1.45 per cent to end below the 3,000 mark for the second day in a row, at 2,939.33, as most stocks ended in the red. The Abu Dhabi Securities Exchange (ADX) general index, which a day earlier fell around 2.7 per …
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Central bank sets cap on banking fees
Dubai: The Central Bank of UAE on Tuesday announced that it has set new limits on fees or commissions charged on retail customer service. The fee caps apply to banking consumer related charges, for example, on home loans and late fees for credit cards.
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Dubai’s financial centre partners with Startupbootcamp to expand fintech offering
Dubai International Financial Centre (DIFC) has announced a partnership with incubator network Startupbootcamp to explore the establishment of programmes in areas including fintech, regtech and insurtech. The potential incubators will expand upon the …
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UAE central bank sets new caps on customer banking fees
The UAE Central Bank has announced new caps on the banking fees that lenders can charge customers in the country. The new maximum limits or ‘fee caps’ have been set on fees or commissions charged on retail customer services such as home loans and late …
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Dubai Islamic Bank : launches revamped website
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily …
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Banks should give better incentives to save in the UAE
With the dirham pegged to the dollar, it makes sense that the UAE Central Bank follows the federal policy and remains aligned. What I don’t understand is why every time the rate increases, my bank immediately increases my mortgage rate and instalments …
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UAE central bank raises interest rates by 25 basis points
The Central Bank of UAE has announced that effective Thursday, June 14, it will raise interest rates applied to the issuance of its certificates of deposits in line with the increase in interest rates on the US Dollar, following the US Federal Reserve’s …
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Dubai Islamic launches revamped website
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily …
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How UAE rate hike will affect businesses,…
The key interest rate hike announced on Thursday by Central Bank of the UAE will have a sudden direct impact on both businesses and residents alike by sparking a spurt in the borrowing costs across the financial sector, including auto, mortgage and …
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85% of UAE residents ‘not saving enough’ for future – survey
Eighty-five percent of UAE residents still feel that they are not saving enough for their future, according to a new survey by National Bonds Corporation. Its 2017 Savings Index found that 41 percent of savers in the UAE are planning to start their savings …
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National Bank of Fujairah to tap debt programme to fund growth
Victor Besa / The National The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to …
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UAE’s Central Bank raises interest rates
The Central Bank of the UAE (CBUAE) has announced that it will raise interest rates applied to the issuance of its certificates of deposits as of today. The move follows the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis …
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UAE Central Bank follows Fed and raises key interest rate by 25 basis points
The Central Bank of the UAE increased its benchmark interest rates by 25 basis points mimicking the US Federal Reserve, which increased on Wednesday its rates for the second time in 2018, with two more expected this year. The UAE’s central bank hiked the …
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Dubai Islamic Bank : DIB capital raising piques investor interest
The nearly three times subscribed issuance generates more than 50 per cent interest from foreign institutional investors Dubai Islamic Bank, the largest Islamic bank in the UAE announced a highly successful closing to the banks capital raising. The …
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UAE’s NBF looks to set up debt programme to fund growth plans
The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to fund future growth.
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Dubai’s GEMS said to delay IPO amid freeze on school fees
GEMS Education, the Dubai-based school operator backed by Blackstone Group, is planning to delay an initial public offering after the local government unexpectedly said it would freeze school fees, according to people with knowledge of the matter.
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