Emaar seeks $800 mln loan guaranteed with shopping malls
Sources revealed Emaar Properties is seeking an $800 million two-tranche loan aiming to provide guarantees with four of its shopping malls, including The Dubai...
Interest rates on mortgages sliding
The international banking giant HSBC has become the latest lender to cut interest rates in the UAE. HSBC brought down rates on conventional and...
ACE Launches Operation in Dubai International Financial Centre
The ACE Group of insurance and reinsurance companies announced today that it has been granted a license from the Dubai Financial Services Authority to...
DFM Cancels Minimum Trading Commission
Dubai Financial Market (DFM) today announced that the minimum trading commission will be waived as of 1st of September 2021, as part of its...
Dubai Financial Market Officially Launches Dubai Clear, Dubai CSD
The Dubai Financial Market (DFM) (PJSC) today officially launched its new subsidiaries, Dubai Clear (L.L.C.) and Dubai CSD (L.L.C.). Dubai Clear is the region’s...
Cash-strapped residents get free debt advise in Dubai
ISDM, the Dubai-based credit counseling and debt management company is set to hold its first free, public open house counseling event where participants can...
GFH announces the appointment of executive Chairman and new capital program
Gulf Finance House B.S.C. (GFH) today announced the appointment of Esam Janahi as Executive Chairman and the launch of a new capital program.
Following...
Tamweel requests share trading in 1 month
Tamweel has requested the resumption of trading in its shares in the next month and is in discussions with the UAE federal government over...
DED, Noor Islamic Bank sign agreement to facilitate electronic payment of...
The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed a co-operation agreement to facilitate electronic payment of trade license...
Bitcoin in UAE?
The United Arab Emirates is joining the Bitcoin mania. Earlier this week, it was announced that an Australian company will launch the first exchange...
Non-tax revenues can generate at least 10% of GDP in UAE
Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...
BofA Merrill Lynch Launches Accelerated Payments to Asia
New Service Uses Smart Routing Technology; Improves Cash Concentration and Visibility by Reducing Delays Common to U.S. Dollar Payments in the Region; Removes Need...
NCR First in UAE to Introduce Bitcoin ATMs
NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that it has teamed-up with CoinHub, a cryptocurrency exchange in the UAE,...
Cancer Cover Insurance for Women by Takaful
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today that it now offers a pioneering cancer cover Takaful to all...
Spotlight on prepaid; up to 60% of payments globally will be...
VRL Financial News conference puts the spotlight on the Middle East prepaid cards market
UAE’s prepaid spending expected to reach $18bn by 2015 and...
DFM Mobile App Goes Live
Investors’ connection with Dubai Financial Market (DFM) trading activity and services has been made easier with DFM’s new smart services application, which provides investors...
Personal loans limit may be removed soon
New rules could allow loans of up to 50 times an applicants’ monthly salary
The draft of a new system for approval of personal...
73 percent of UAE residents admit they have debt with UAE...
73 percent of UAE residents surveyed by compareit4me group admitted to having some kind of debt with UAE banks, with credit cards topping the...