Dubai, UAE – Edenred UAE, part of the global Edenred Group and a long-standing provider of payroll solutions in the UAE, today announced it has received in-principle approval from the Central Bank of …
UAE GDP hits $132 billion in Q1 2026 as 3% growth confirmed
UAE real GDP grew by 3% year on year in Q1 2026, reaching $132.1 billion (AED485 billion). Non-oil GDP grew by 4.8% and generated 79.4% of national output, according to the UAE Media Office. The total …
UAE freezes Desi Bling star Satish Sanpal’s accounts amid financial probe
The UAE Financial Intelligence Unit has ordered the attachment of Satish Sanpal and his wife Tabinda’s assets and the freezing of their bank accounts. The move has triggered scrutiny of his records …
‘Uncertainty is almost worse than war’: In Dubai’s financial sector, fear of drawn-out conflict grows
The emirate remains particularly attractive to the shadow banking system. But since the US-Israeli offensive began in Iran in February, it has no longer been a safe haven for the world’s richest.
UAE economy built to withstand global shocks as UK trade ties top $30bn, leaders say
UAE leaders say the country’s diversified economy and UK trade relationship, now worth more than $30bn annually, position it for continued growth …
UAE government adds new payment options for federal fees and fines
The UAE Ministry of Finance has adopted Aani and Jaywan as new payment channels for federal fees and fines in a push to expand digital payments …
Plot of land in Dubai mortgaged for Dhs418 million
Dubai’s real estate market witnessed a mortgage on a residential plot of land in Al Nahda 1 area for Dhs418 million during midday trading on Monday, …
UAE: Ministry of Finance adopts ‘Aani’, ‘Jaywan’ as new payment channels for federal service fees, fines
The announcement paves the way for the adoption and rollout of both systems by other federal entities and collection banks …
UAE expands federal payment channels with Aani and Jaywan
Move aims to speed up government revenue collection while expanding digital payment options for customers …
India’s CKYC model offers lessons for UAE banking compliance
India’s rollout of a centralised KYC platform is reviving debate over whether the UAE should adopt a similar model to streamline compliance and speed up banking access …
Three years on: How the UAE’s wealth market is evolving
As Dubai attracts more globally mobile entrepreneurs and investors, financial planning is becoming increasingly international, long term, and relationship driven …
Dubai property market jumps 17% to $15.3bn in July as $45m apartment tops sales
Dubai’s property market recorded $15.3bn of transactions in July, up 17 per cent from June, led by a $45.2m luxury apartment sale …
UAE cenbank asks Janata to appoint administrator by mid-Aug for winding down operations
Under the UAE central bank’s instructions, Janata Bank must appoint an administrator within 30 days of the issuance of the letter.
UAE fintech growth enters a new era driven by AI, digital assets and open finance
From AI-powered finance and tokenisation to open finance and faster cross-border payments, the Emirates is building the infrastructure to become a leading global centre for financial innovation …
Commercial Bank of Dubai launches CBD Invest, strengthening how customers understand and manage their finances whilst embedding financial planning into everyday banking
At the centre of the platform is wealth 360, which provides a consolidated view of customers’ overall financial position, incorporating CBD accounts …
Earn Dh15,000 salary? Dubai bank launches first digital home loan pre-approval
Residents earning a salary of at least Dh15,000 a month can now check their home loan eligibility online, as a Dubai-based bank launched a fully digital pre-approval service on Thursday. The service …
UAE wealth fund ADIA anchors IPO of India’s Manipal Health
Abu Dhabi Investment Authority (Adia) has become an anchor investor in the $970 million initial public offering (IPO) of Indian healthcare provider Manipal Health Enterprises. The Emirati sovereign …