The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market …
UAE banks’ ATMs increased by 15, totalling 4,669
ATMs of banks operating in the UAE increased by 15, reaching 4,669 ATMs at the end of Q1 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
UAE banks’ ATMs increased by 15, totalling 4,669
ATMs of banks operating in the UAE increased by 15, reaching 4,669 ATMs at the end of Q1 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Indian central bank urges lenders to settle UAE trade in local currencies
The Reserve Bank of India (RBI) is actively encouraging local banks to facilitate trade settlements between the UAE and India using either the dirham or the Indian rupee as part of a broader strategy …
UAE Central Bank increases interest rates on CDs by 0.25pc
The UAE Central Bank has announced it has increased interest rates on Certificates of Deposit which it issues to banks here by a quarter per cent. The UAE Central Bank has announced it has …
Dubai: How to file a bounced cheque police report online; documents, eligibility explained
Whether you are a businessman receiving cheques from a client or an individual getting them from companies or other people, a bounced cheque being issued is a common possibility.The UAE bounced …
UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents
The National Bank of Ras Al Khaimah (RAKBANK), a government-owned bank in the United Arab Emirates (UAE), partnered with crypto infrastructure provider Bitpanda Technology Solutions to create a …
UAE: Employers add bonuses, allowances to compensation packages; basic salary unchanged
According to a survey, nearly one-fourth – 24 per cent – of UAE employers have turned to alternative compensation strategies to attract and retain top talent …
Tristar’s revenue hits $545m in H1: Key projects fuel growth
Tristar Group’s revenue jumps to $545 million in H1 2024, bolstered by new ventures and a strong focus on sustainability. Tristar’s revenue hits $545m in H1: Key projects fuel growth. dubai logistics, …
UAE poised for long-term UHNWI influx as Middle East hub status grows
This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents …
UAE poised for long-term UHNWI influx as Middle East hub status grows
This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents …
Double The Perks: Aramex’s Partnership With Revenue-Based Financing Platform FlapKap Aims To Empower The UAE’s SME Sector Both Logistically And Financially
This strategic partnership will enable SMEs to access working capital financing from FlapKap to meet their inventory, marketing, and operational needs, all while benefiting from Aramex’s reliable …
Dubai Chambers, China Construction Bank sign deal to boost trade, investment
DUBAI: Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese …
Pinay banker in Dubai who models on weekends now pursuing acting career, too
Twenty-six-year-old Gerryl Gaid has come a long way from being an intern and admin assistant at a small business in the city, to becoming a senior financial analyst at a Forbes-listed bank.
Libya’s central bank suspends operations after kidnapping of official
Libya’s Tripoli-based central bank said on Sunday it would shut down all operations and not resume work until a senior bank official kidnapped earlier in the day was released.
Dubai Chambers signs MoU with China Construction Bank to boost trade and investment cooperation
Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and str …
UAE’s ongoing humanitarian support to Sudan amid crisis
In response to the escalating conflict, the UAE has contributed USD 230 million in aid, which has been critical in alleviating the suffering of those affected.