The new feature is aimed at addressing a gap for a large segment of the UAE’s workforce earning less than AED 5,000 per month, many of whom have limited or no access to traditional banking services.
UAE Climbs To 16Th Spot In Global Government Support Rankings
The United Arab Emirates has reached a significant milestone, securing the 16th position globally in the 2025 Government Support Index, as outline …
UAE ranks 16th globally in the ‘Government Support Index’ in the IMD World Competitiveness Yearbook 2025
Dubai, UAE: The United Arab Emirates has achieved another landmark milestone in its record of global leadership, advancing to 16th place worldwide in the 2025 Government Support Index, one of the key …
India’s banking giant launches investment funds in UAE: Check the details here!
Kotak Mahindra Bank has secured a license from the UAE Securities & Commodities Authority, marking it as the first Indian institution authorized for investment fund and portfolio management in the UAE …
Mered CEO on Factors Driving Dubai Property Boom
Dubai’s housing boom that began in late 2020 has continued despite Trump’s tariff policies and conflict in the region. Michael Belton, CEO of Dubai-based developer Mered, spoke with Bloomberg’s Chief …
Awqaf Dubai’s endowment shares portfolio surpasses AED9 million in H1
The Endowments and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed AED9 million by the end of the first half of 2025, marking a 4.7 …
Kotak International Secures UAE Licence To Sell Funds Directly To Retail Investors
Kotak International, the global arm of Kotak Mahindra Bank, on Monday said it has secured a licence from the United Arab Emirates’ Securities and Commodities Authority (SCA) to directly sell …
PPP success propels 4% growth in Dubai’s economy
Dubai’s economy increased by 4 percent year on year to AED120 billion ($33 billion) in the first quarter of 2025, driven by strong public-private partnerships (PPPs). The health and social work sector …
Kotak Mahindra gains SCA approval to launch UAE funds
Kotak Mahindra Bank itself is among India’s most valuable banking institutions, listed on Indian stock exchanges with a market capitalisation exceeding $50 billion …
EToro and Emirati-founded Sahab School partner to advance financial skills in the UAE
The institution provides certified programmes in Arabic that address key pillars of personal finance, including budgeting, saving, investing, and business fundamentals …
Wio Bank launches direct integration with Xero to simplify accounting for UAE businesses
It also improves cash flow visibility through seamless invoice matching, while real-time insights offer an up-to-date view of financial health …
Hong Kong stablecoin rules to upgrade city’s trade-finance role: UAE digital banker
City could rebuild its role in expediting trade between mainland China and global markets, CEO of United Arab Emirates’ Zand says Hong Kong’s Stablecoins Ordinance marks a significant milestone, as …
UAE banking emerges stronger – Khaleej Times
Banking industry emerges stronger in the wake of Central Bank’s proactive, prudent and timely actions Published: Mon 30 Dec 2013, 10:54 AM Updated: Tue 7 Apr 2015, 7:54 PM …
UAE: Emirates NBD to discontinue issuing some foreign currency demand drafts from Oct
Emirates NBD, a leading bank in the UAE, has informed customers that the bank will discontinue issuing some foreign currency demand drafts. In a communiqué on Saturday, the bank said that it will be …
UAE, Sudan to boost cooperation in payment and security printing
The Central Bank of the UAE and Bank of South Sudan signed a memorandum of understanding (MoU) aimed at establishing a comprehensive cooperation framework …
Emirates Islamic to power Kimera Group’s UAE finances with digital-first banking solutions
Emirates Islamic will manage Kimera Group’s UAE finances with advanced digital tools, streamlining operations and boosting agility across all financial processes …
Dubai firms await market rebound before IPO – bourse exec
DUBAI, Aug 23 (Reuters) – More than 20 companies in Dubai, which has not seen an initial public offering since 2009, would float their shares if market conditions improve, the chairman of Borse …