A digital payment network is being unveiled across the UAE, making it easier for Indians travelling to Dubai to make instant payments using mobile phones linked to their bank accounts back home. The …
UAE Investors Maintain Strong Appetite For Ipos
Additionally, the survey reveals a significant vote of confidence among investors in the bookbuilding process, considered a critical aspect of IPOs. An impressive 71 per cent of investors have …
Fake Job Offers, Raffle Wins: UAE Banks Warn Residents Against 8 Scams
Some scammers call customers claiming to be bank officials and seek details related to their accounts. The banks will never call and ask customers about their account and fund details. Therefore, …
How DIFC became a global magnet for hedge funds and alternative investments
There are many factors driving Dubai’s allure as a destination for hedge funds and alternative investment firms. DIFC Authority’s Chief Business Development Officer sits down to unpack the strategic …
UAE markets hit 4-month high on strong corporate earnings
Stock exchanges in the United Arab Emirates closed at a four-month high on Friday on the back of better-than-expected corporate earnings.
UAE takes part in 3rd G20 FMCBG meeting
The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the third meeting of Finance Ministers and Central Bank Governors of the G20 (G20 FMCBG), …
UAE takes part in third G20 FMCBG meeting held in Brazil
Rio de Janeiro, Brazil: The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, participated in the third meeting of Finance Ministers and Central Bank Governors of the G20 …
SME story: How STP Partners leverages tech in its financial solutions
Tony Hallside, CEO of DIFC-based STP Partners, discusses the firm’s prime brokerage services, strategic successes, and future plans …
Octagon launches ‘Family Office as-a-Service’ model in UAE amid surging demand
Both the Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC) have enabled registered financial institutions, companies and entities to operate and succeed within …
UAE: Central Bank cancels licence of insurance broker
The Central Bank of the UAE (CBUAE) on Friday revoked the licence of Galaxy Insurance Broker (Galaxy), an insurance broker operating in the Emirates, for failing to comply with regulations. The …
Exclusive: India-UAE partnership CEPA strategic step towards more integrated future
(Image: FE) The Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates (UAE) is a landmark trade deal aimed at enhancing economic ties and fostering mutual …
Fake job offers, lottery wins: UAE banks warn residents against 8 scams
Banks in the UAE have asked residents to be aware of different types of fraud that are targeting customers. Ranging from fake job offers to suspension of passports to impersonating government …
Gang selling bank accounts to Dubai criminals busted
The scammers used fake SIMs and complex financial networks to transfer illicit funds to China, Cambodia, and Dubai, converting them into cryptocurrency. Canara Bank Q1 net profit up 10% to Rs 3,905 …
Commercial Bank of Dubai reveals 18.5 percent rise in net profit for H1 of 2024
Commercial bank of Dubai has announced a robust performance for the first half of 2024, with a net profit after tax reaching AED 1.452 billion (approximately USD395 million). This figure marks an 18.5 …
Dubai: Applying for a car loan? Minimum salary, age, documents required
Banks in the UAE provide auto or car loans to customers. Different financial institutions offer various kinds of loans, ranging from ‘green’ auto loans to fixed deposit and fixed rate loans. From …
Arab Monetary Fund forecasts 6.2% growth for UAE economy in 2025
In its Arab Economic Outlook report issued today, the AMF stated that the expected growth of the UAE’s economy this year is driven by continued improvements in tourism activity, real estate, and …
UAE reaffirms support for sustainable finance and climate action empowerment at COP28-G20
Developing financial structure for accessible and affordable sustainable finance; Exploring investment opportunities for climate action and private …