Business News at a Glance

It sits in a dry dock in Dubai. In December 2016, a High Court judge ordered ... which last month made a hostile takeover offer for the company. The hedge fund is renowned for its use of sharp-elbowed tactics. Late last month, a 2005 court filing that ... ( read original story ...)

UAE announces new fee caps on banking services

The UAE Central Bank (CBUAE) has announced an amendment to regulate ... CBUAE also instructed banks and finance companies to display the new fee caps on their websites. Going forward fees charged by the banks will be reviewed annually to ensure that ... ( read original story ...)

UAE equity indices slide further amid trade tensions

The Dubai Financial Market (DFM) index fell 1.45 per cent to end below the 3,000 mark for the second day in a row, at 2,939.33, as most stocks ended in the red. The Abu Dhabi Securities Exchange (ADX) general index, which a day earlier fell around 2.7 per ... ( read original story ...)

Central bank sets cap on banking fees

Dubai: The Central Bank of UAE on Tuesday announced that it has set new limits on fees or commissions charged on retail customer service. The fee caps apply to banking consumer related charges, for example, on home loans and late fees for credit cards. ( read original story ...)

UAE central bank sets new caps on customer banking fees

The UAE Central Bank has announced new caps on the banking fees that lenders can charge customers in the country. The new maximum limits or ‘fee caps’ have been set on fees or commissions charged on retail customer services such as home loans and late ... ( read original story ...)

Dubai Islamic Bank : launches revamped website

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched a new and completely revamped website which offers a vastly enriched and superior experience to its fast growing customer base. The redesigned website will allow users to easily ... ( read original story ...)

Banks should give better incentives to save in the UAE

With the dirham pegged to the dollar, it makes sense that the UAE Central Bank follows the federal policy and remains aligned. What I don’t understand is why every time the rate increases, my bank immediately increases my mortgage rate and instalments ... ( read original story ...)

UAE central bank raises interest rates by 25 basis points

The Central Bank of UAE has announced that effective Thursday, June 14, it will raise interest rates applied to the issuance of its certificates of deposits in line with the increase in interest rates on the US Dollar, following the US Federal Reserve's ... ( read original story ...)