As demand starts to rally, developers need to ensure they keep pace with the changing requirements from investors.
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Mashreq Bank’s nine-month 2020 net profit down to Dh352m from Dh1.76b
Mashreq Bank saw a sharp drop in net profit for the first nine months of 2020 to total Dh352 million, as higher impairment charges made a heavy dent in the financials. Last year’s profit at this stage …
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American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre
American Fintech firm Ripple is reportedy planning to establish operations at the Dubai International Financial Centre.
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Middle East’s Spotlight on Green Finance
Regional appetite for green financial support is growing – loud and clear, says Badar Chaudhry, Senior Vice President, Sector Head – Energy, Mashreq Bank …
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Mint Lite | UAE reforms, M&A, Myanmar polls, climate crisis and others
General elections started in Myanmar on Sunday even as the country saw coronavirus cases rise to 1,100 per day, after reporting only a handful in August. In the country’s second democratic vote since …
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UAE: FinTech Ripple Establishes Regional HQ in DIFC
Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters at Dubai International Financial Centre (DIFC) …
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Coronavirus: UAE reports 1,111 new COVID-19 cases, no deaths
The United Arab Emirates reported 1,111 new coronavirus cases on Sunday – its lowest number of infections since Tuesday – and no new COVID-19 related deaths. The country conducted 154,882 tests and …
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ADIB launches UAE’s first Emirati chatbot
Abu Dhabi: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, today announced that it has launched ADIB Chat Banking, the UAE’s first Emirati customer care chatbot. The service is …
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Dubai court orders UAE bank to pay Dh5.5 million in compensation to duped customer
Dubai Cassation Court has ordered a local bank to pay Dh5.5 million to a customer whose account balance was seized by a bank employee in connivance with another defendant. The court was told that the …
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FinTech firm Ripple chooses Dubai’s DIFC for regional headquarters
Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters in Dubai International Financial Centre (DIFC), the latter announced. Ripple has chosen DIFC …
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Dirty money Dubai
It’s a playground for the world’s rich and dubious – like the Guptas – where global corruption is the game, but Dubai’s days of impunity may be numbered.
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UAE says it will relax Islamic personal laws on drinking, cohabitation
The UAE government outlined the changes in greater detail in state … As part of the agreement, Israel agreed to suspend plans to annex territory in the West Bank that was outlined in President Trump …
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FinTech Ripple chooses Dubai International Financial Centre for regional headquarters
Ripple has chosen DIFC for its innovative regulations, expansive network and reputation as a leading global financial centre. Ripple and DIFC are aligned in their vision to shape the future of finance …
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Central Bank of the UAE Releases Updated Regulatory Guidelines for Digital Payments or Stored Value Facilities
Central bank of the UAE releases updated regulatory guidelines for digital payments or stored value facilities.
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UAE’s Noor Bank incorporates with DIB
Dubai: Dubai Islamic Bank (DIB) announced on Monday the completion of incorporating Noor Bank following the merger of the two banks and transfer of all banking relationships into DIB.The …
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Abu Dhabi’s neobank project a virtual win for UAE’s digital natives
A new digital bank will make its entry in Abu Dhabi, sending a strong message to brick and mortar financial institutions that winds of change are coming. First Abu Dhabi Bank (FAB), the UAE’s largest …
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Fintech thrives as digital transformation jolts finance sector
In the past nine months, 71 per cent of consumers in the UAE reported an increase in using digital payments, even when shopping in-store. The fintech industry is poised to benefit from the virtual …
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