A new digital bank will make its entry in Abu Dhabi, sending a strong message to brick and mortar financial institutions that winds of change are coming. First Abu Dhabi Bank (FAB), the UAE’s largest …
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Fintech thrives as digital transformation jolts finance sector
In the past nine months, 71 per cent of consumers in the UAE reported an increase in using digital payments, even when shopping in-store. The fintech industry is poised to benefit from the virtual …
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Over 321,000 benefit from UAE’s $27.24bln stimulus programme
UAE – The Central Bank of the UAE said on Thursday its wide-ranging stimulus package, the Targeted Economic Support Scheme (Tess), had directly impacted to date more than 321,000 beneficiaries …
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Dubai’s private developers may need to put up 50% in bank guarantees to launch offplan projects
Dubai: Launching a freehold project in Dubai is becoming tougher for private developers as they are now required to put up 50 per cent of the project value in the form of equity bank guarantees. The …
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UAE’s net investments in non-financial assets up at Dhs32.2 billion in H1
Net investment by the federal government and local governments in non-financial assets rose to Dhs32.2 billion in the first half of 2020, an increase of 40 per cent as compared with same period in …
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Over 321,000 benefit from UAE’s Dh100B stimulus programme
The Central Bank of the UAE said on Thursday its wide-ranging stimulus package, the Targeted Economic Support Scheme (Tess), had directly impacted to date more than 321,000 beneficiaries including 310 …
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Top Gulf Arab Bond Manager Hungry for Risk Eyes Oman and Bahrain
Franklin Templeton’s Gulf Arab bond fund hunkered down for U.S. election volatility by seeking refuge in cash and only the highest-rated debt.
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‘UAE, Saudi Arabia ready to rollover outstanding loans worth $2b each’
Pakistan began its hectic lobbying to secure rollover of loan deposits worth $4 billion from the Kingdom of Saudi Arabia and the United Arab Emirates scheduled to mature November-February period of …
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UAE to issue tax residency, commercial certificates
The UAE’s Federal Tax Authority (FTA) in coordination with the Ministry of Finance (MoF) has completed its preparations to issue both digital Tax Residency and Commercial Activities Certificates, a …
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Timeline: Key events behind suspension of Ant Group’s $37 billion IPO
An employee stands next to the logo of Ant Financial Services Group, Alibaba’s financial affiliate, at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu …
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UAE’s FTA to issue Tax Residency, Commercial Activities Certificates for investors via its e-Services portal
Authority will begin receiving applications for the issuance of Tax Residency and Commercial Activities Certificates via its e-services portal as of November 14 …
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Visa, UAE’s NOW Money To Bring Digital Banking To Low-Income Gulf Customers
Visa has partnered with UAE-based NOW Money to bring digital banking services to low-income customers who are unable to access traditional banking services.
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Saudi IPO pipeline looks ‘quite busy’: CMA chairman
Since Aramco’s record listing last year, Saudi Arabia has seen a big increase in the number of companies looking to make their stock market debut in the kingdom, according to the head of the Capital …
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Al Ghurair International Exchange: Commemorating 40 years of the Central Bank of the UAE
Please share a short brief on your brand’s association with the UAE Central Bank. Al Ghurair International Exchange has been regulated and licensed by the Central Bank of the UAE (CBUAE) since our …
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Saudi Arabia’s IPO pipeline looks ‘quite busy’: CMA chairman
Since Aramco’s record listing last year, Saudi Arabia has seen a big increase in the number of companies looking to make their stock market debut in the kingdom, according to the head of the Capital …
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L M Exchange proudly congratulates the Central Bank of the UAE on its 40th anniversary!
Please share a short brief on your brand’s association with the UAE Central Bank. Since the inception of the Central Bank of UAE (CBUAE) in 1980, LM Exchange (LM) has maintained a cordial and fruitful …
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UAE federal entities report revenues of $11 billion in third quarter – WAM
United Arab Emirates federal entities reported revenues of 40.16 billion dirhams ($10.94 billion) in the third quarter, state agency WAM reported.
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