DAFZA is Ranked First Globally by the Financial Times’ fDi Magazine
Dubai Airport Freezone (DAFZA) has been ranked 1st globally by the Financial Times’ fDi Magazine, Global Free Zones of the Future Rankings and Awards...
FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet
In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the...
Emirates NBD to showcase consumer finance products at Arabian Centre mall
Emirates NBD, the Middle East’s largest bank by asset size, announced today that it will host a week-long campaign showcasing the bank’s...
Bank offers up to $5 million in mortgages for properties in...
Underscoring an emerging positive sentiment in the property market, Standard Chartered is offering up to Dh18.4 million ($5 million) in mortgage to attract high...
VAT in GCC: Are Your Accounting Systems Ready?
Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices.
The law, which comes into...
‘No Coffee for Bitcoin’ Starbucks Clarifies
Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media.
Earlier last Friday,...
Mobile expats miss out on benefits package
International companies should take a holistic approach as survey reveals that mobile expats miss out on benefits package, according to Michael Thraves, Financial Planner...
DFSA Invites Applications for Its 2020 Regulatory Sandbox ‘Winter Cohort’
The Dubai Financial Services Authority (DFSA) invites applications from local and international firms to apply to join the Winter 2020 Cohort. Successful cohort applicants...
Emcredit’s ISO 27001 information security certification reaffirmed
Retains certification for second consecutive year
Underlines international standards followed for data collection and dissemination process
Emcredit the...
Gold hedging strategies for emerging markets
The World Gold Council posted a new report on gold as investor’s tool. Investors in emerging markets can use gold to reduce exchange-rate...
GCC Payments Industry Set to Leapfrog Other Economies in 2021
Enhanced digitalisation and tech adoption across the region sees digital transactions increasing
Payments made via Bahrain’s BenefitPay set to exceed US$4billion this year
49 per cent...
UAE Central Bank caps mortgage lending
Mortgage lending regulation allows the country’s banks to provide a loan of up to 80 percent of the property value to UAE nationals and 75 percent to expatriates.
Western Union and Amazon to Launch New Way to Pay
The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, today announced it is has been engaged by Amazon to launch...
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...
Digital Finance Can Turbocharge Growth In Emerging Economies
Two billion individuals and 200 million micro, small, and mid-sized businesses in emerging economies today lack access to savings and credit. Even those with...
Mortgages to Foreigners Maybe Capped at 50% of Home Value, Sources
A large number of international media sources report that UAE's Central Bank have issued guidelines restricting mortgages for expatriates to 50 percent of the...
Dubai Economy Joins 6 Banks to Launch KYC Consortium in UAE
Consortium has Dubai Economy and Emirates NBD Group as founding members along with HSBC, RAKBANK, ADCB, and Commercial Bank of Dubai as early...
Middle East investment banking fees up 22%
Thomson Reuters released its investment banking analysis for the Middle East region for the first nine months of 2013.