Underpinned by high profits, the UAE’s top ten banks’ capital position remains robust while their asset quality further improved in the quarter end …
RAKBANK partners with Bitpanda to unlock digital assets in the UAE
When fully launched, RAKBANK customers will be able to pursue various digital assets use cases unlocking one of the most complete offerings available in the UAE market. This is ho …
Dubai Chambers signs MoU with Industrial and Commercial Bank of China
Agreement aims to enhance cooperation and assist the bank’s customers in setting up their businesses in the emirate …
Dubai Chambers signs MoU with Industrial and Commercial Bank of China
Agreement aims to enhance cooperation and assist the bank’s customers in setting up their businesses in the emirate …
Sav Launches MyMoney: Comprehensive Financial Dashboard for UAE Residents
Sav, a prominent financial technology firm based in the UAE, has introduced MyMoney, an innovative platform designed to centralize financial management for residents. The new service aims to simplify …
Dubai Hedge Fund’s $700 Million Launch Enhances Financial Hub Status
Dubai A significant boost to Dubai’s financial landscape is unfolding as a prominent hedge fund, recently making its debut, announces an impressive $700 million in assets under management. This …
Aggregate income of UAE’s top 10 banks reached $5.8bln in Q2
The banks saw higher QoQ interest income and lower impairment charges, but slower deposit, loans and advances growth, A&M said …
ADGM to regulate fiat-referenced tokens for payment in UAE
The UAE’s Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published consultation paper No. 7 of 2024, containing proposals to enhance its regulatory framework to …
UAE gold prices: Is it the right time to buy? Experts weigh in
Despite recent market volatility, gold remains a sought-after safe haven asset as experts weigh its potential in a turbulent economic landscape …
DFM seeks to widen investor base with eToro partnership
Toro, the trading and investing platform, on Monday announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered us..
India central bank asks banks to push direct rupee-dirham settlement: Reports
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 …