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 …
135,000 UAE bank customers get loan relief as banking sector reaches record strength
More than 135,000 bank customers across the UAE have received temporary relief on their loan repayments under a Central Bank support programme, while the country’s banking sector has simultaneously …
UAE cuts fees while lifting IPO charges
The UAE has abolished 15 capital-market fees while raising selected charges linked to public offerings, combining broad cost relief for financial firms with higher pricing for regulatory work on …
UAE scraps 15 business fees but raises cost of IPO approvals
Changes come as government pushes to deepen financial markets and create more avenues for firms to raise capital …
Mawarid Finance and KamelPay launch AbsoluteCard
Mawarid Finance has partnered with KamelPay to launch AbsoluteCard, a new corporate payment solution designed to help businesses manage spending more efficiently through enhanced control, real-time …
AED13.5 billion in loans receive repayment deferrals under UAE support package
UAE Central Bank support package enables AED13.5bn loan repayment deferrals for 135,000 customers as banking assets rise and non-performing loans hit record lows …
UAE teen wins gold at International Economics Olympiad
A teenager born in Kazakhstan and raised in the UAE has won a gold medal at the International Economics Olympiad (IEO), showing the UAE’s growing success in global academic competitions.The student …