Banks in the UAE are outperforming their GCC peers on the back of strong liquidity conditions underpinned by high oil prices, foreign capital inflows, and ..
Dubai Islamic Bank Enters Digital Banking Sector in Turkey
Dubai Islamic Bank (DIB), the largest participation bank by asset size in the United Arab Emirates, has officially entered the Turkish digital banking and …
Dubai Business Bay – A New Horizon for Off-Plan Property Market
Dubai, a city where buildings rise high as the sky in every corner with an exciting business atmosphere, attracts investors and entrepreneurs from all over the world. The most vital of its varied …
Former SoftBank executive launches UAE-backed stablecoin to counter inflation
In a groundbreaking move, Akshay Naheta, a former executive at SoftBank, has unveiled a new stablecoin pegged to the United Arab Emirates Dirham (UAE). This innovative financial instrument, named DRAM …
OKX Announced as Title Sponsor and Premium Partner of Blockchain Economy Dubai Summit
OKX, a leading global Web3 technology company and crypto exchange, today announced that it is the Title Sponsor and Premium Partner of Blockchain Economy Dubai Summit, the world’s largest blockchain …
Dubai Islamic Bank enhances customer experience and modernizes core banking platform with HPE GreenLake
Established in 1975, DIB is the largest Islamic bank in the UAE and the second largest in the world. Driven by the bank’s customer-centric approach and its commitment to sustainable digital …
Dubai Islamic Bank picks up 20% stake in Turkey’s TOM Group
TOM Group is an integrated, comprehensive financial services group with an established presence in the digital space and a perfect entry strategy for Dubai Islamic Bank. The UAE bank will acquire 20 …
Abu Dhabi Non-Oil Economy Booms Amid Push to Attract Hedge Funds
Abu Dhabi’s non-oil economy expanded briskly in the second quarter as its efforts to become a hub for hedge funds and other financial firms start to pay off.
Dubai-based Damac hires banks for 3.5-year sukuk: document
The banks will arrange a series of investor meetings on Monday, followed by an issuance of benchmark-sized Islamic bonds …
DIB enters Turkish digital banking sector via new investment
Dubai Islamic Bank (DIB) has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group of Companies, according to a press release. Established by …
UAE: How can expat pay credit card dues from home country after residence visa cancellation?
How do I do this? Pursuant to your queries, it is assumed that you are closing your bank accounts and travelling to your home country for good and do not intend to return to UAE on a residency visa.
Dubai Islamic Bank, a leading financial institution in the UAE, enters Turkish digital banking and financial technology sector via an equity investment in T.O.M. Group of Companies
Dubai Islamic Bank PJSC (“DIB”), largest participation bank by asset size in the United Arab Emirates, will become a shareholder in T.O.M. Group of Companies (“T.O.M. Group”), which was established by …
The UAE as the new alternative investment hub
While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as a strong contender. In recent years, it is …
Bank of Sharjah – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Fo …
UAE central bank signs $1.36bn currency swap deal with Egypt
The Central Bank of the UAE and the Central Bank of Egypt have signed a bilateral currency swap agreement to boost economic ties between the countries. The size of the agreement is between Dh5 billion …
Three Arrows Founder’s Arrest Marks Downfall of Crypto Highflier
Read: How Do Kwon Went From Crypto King to Fugitive to Jail: QuickTake Singapore isn’t the only jurisdiction to have take action against the former hedge fund managers. Dubai’s crypto regulator fined …
Transforming Banking In The Middle East: Black Banx Leading The Way
The emergence of Black Banx marks a new era in Middle Eastern banking characterized by innovation, accessibility and empowerment. It reflects the dynamic spirit of transformation essential for the …