Penetration of Islamic banking products on the rise among UAE customers Dubai: Islamic banking is gaining traction in the UAE in terms of progress, penetration and perception according to the …
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What UAE residents would do if
Dubai – What would the UAE residents do if they’re are given £1,000 (nearly Dh5,000) by the government with no strings attached? A new survey released by Standard Chartered bank has revealed that the …
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What does the future hold for UAE freezones amid foreign ownership changes?
The imminent changes to laws governing the foreign ownership of firms in the United Arab Emirates will cast a question mark over the future role of the country’s freezone areas, according to experts.
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Dubai to get new dermatology and cosmetology centre
Dubai – The Dubai Health Authority (DHA) and Emirates Islamic Bank signed a Memorandum of Understanding (MoU) to establish a dermatology and cosmetology centre at Rashid Hospital. Both parties also …
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Golden visas set to add up to 1% to Dubai’s economy
Dubai Economy says the plan to extend the golden residency to more categories will accelerate economic growth and productivity in the emirate …
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Dubai’s growing Islamic Economy
Valued at over €1.7 trillion the Islamic economy is big business. In this episode, Target talks to industry insiders hoping to position Dubai as a regional hub. #Target …
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Bakhtawar Bhutto Zardari to exchange rings with UAE-based businessman Mahmood Chaudhry today
According to the details, the family’s primary country of residence remains the UAE where Mahmood continues to run his business in finance, tech, and construction. It will be an outdoor ceremony at …
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Ideaology’s IEO Ushers the Launch of Blockchain Platform for Innovators
Ideaology is proud to announce its IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering …
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UAE: What changes you should be making to your everyday finances when working from home during COVID-19
Many are adapting to changes in costs seen since the recent work-related lifestyle change Dubai: Hundreds of companies worldwide are quickly embracing a work-from-home culture that began during the …
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Dubai’s biggest bank unveils new omnichannel platform amid digital push
Emirates NBD, Dubai’s biggest bank, has unveiled its next-generation global corporate banking platform which includes a one stop shop for SMEs. The bank said the new omnichannel platform delivers a …
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Saudi Central Bank sanctions 30 banks, including one in UAE
Saudi Arabia’s central bank has fined 30 finance entities, including a UAE bank and some of kingdom’s largest banks, for violating its laws and demanded all the lenders correct the violations. The …
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Central Bank of UAE to play a proactive role in promoting fintech
Abu Dhabi: The Central Bank of UAE hosted the Government FinTech Forum in Abu Dhabi at the FinTech Abu Dhabi Festival 2020. “Despite the changes the global economy has undergone, the UAE is …
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Qatari Financial Arm Seeks $55M Over ‘Flagrant’ UAE Bank
The Qatar Financial Centre Regulatory Authority has asked a New York state court to enforce a 200 million Qatari riyal ($55 million) judgment from its financial court against First Abu Dhabi Bank over …
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Chinese steel manufacturer Huadi International sets terms for $25 million US IPO
Huadi International Group, which manufactures steel pipe and tube products in China, announced terms for its US IPO on Wednesday. The Wenzhou, China-based company plans to raise $25 million by …
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Dubai launches initiative to become cashless society
The Government of Dubai has formed the ‘Cashless Dubai Working Group’ to create an action plan to shift all payment transactions in Dubai to secure and easy-to-use cashless platforms across sectors.
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Growth of Islamic finance in numbers globally, in Saudi, and the UAE
Islamic finance (IF) is a way of doing financial transactions and banking while respecting Islamic law or sharia. IF is today is a $2.5 trillion industry located in more than 80 countries, and …
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UAE Central Bank launches FinTech Office to develop a mature industry ecosystem
The UAE Central Bank has launched FinTech Office to develop a mature industry ecosystem within the UAE and position the nation as a foremost FinTech hub regionally and globally. “We are beginning to …
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