Abu Dhabi: The UAE Central Bank has started work on a digital currency, together with the Saudi Arabian Monetary Authority (SAMA), in an effort to speed up financial transactions between the two ... ( read original story ...)
Planned UAE-China currency swap expected to boost trade
Abu Dhabi: The UAE Central Bank said on Wednesday that a planned currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year. ( read original story ...)
UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency
It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing ... ( read original story ...)
UAE to launch new integrated payment system
The UAE will soon launch a new integrated payment system that builds upon the success of the eDirham system launched in 2001, according to the Ministry of Finance. On Sunday, the Ministry of Finance h... ( read original story ...)
UAE banks now required to run credit checks before issuing chequebooks
The Central Bank of the UAE (CBUAE) has requested all lenders to run credit checks ... according to a circular sent to financial institutions. In the case of new customers, banks are limited to issuin... ( read original story ...)
Changes to the Dubai International Financial Centre’s (“DIFC”) Legal and Regulatory Framework relating to DIFC registered Companies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as president of the DIFC, vice president and prime minister of the United Arab Emirates (“UAE”) and Ruler of Dubai, has recently ena... ( read original story ...)
Dubai Financial Market Publishes Updated Versions Of Its Shari’a Standards To Cater For The Growing Interest In Green Economy And Sustainability
HE/ Essa Kazim: “We are committed to expand our standards in line with the Islamic finance’s momentum as a result of the leading initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum to for... ( read original story ...)
Dubai Financial Market updates Sharia standards
Dubai: The Dubai Financial Market (DFM) has published updated Sharia standards in a move to bolster the regulatory framework supporting the Islamic capital markets sector. The updated guidelines ... ( read original story ...)
Doha Bank to cut construction exposure, keep UAE branches: CEO
DOHA (Reuters) - Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a bui... ( read original story ...)
IPO activity in GCC ‘continues to slow down in Q3’
Global IPO activity in Q3 2018 suffered compared to last year - proceeds ... The company completed its seventh debt listing on NASDAQ Dubai, raising $2.3 billion from corporate bond and $1.0 billion f... ( read original story ...)