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...
UAE currency to be printed on home turf
The Central Bank of the United Arab Emirates and the Emirates Investment Authority (EIA) signed a deal to introduce a mint in the country...
Abu Dhabi Plans to Set Up a Financial Free Zone
Abu Dhabi is preparing to establish a financial free zone which will be similar to the one in Dubai. The aim of this financial...
UAE based Indians have critical gaps in their financial, retirement planning
75% expect their children to look after them during retirement
Only 10% invest in any retirement plans
NRIs focus on relatively illiquid investments like gold and...
UAE Central Bank announced mortgage-loans limits
The Central Bank of the United Arab Emirates last week approved the decision to increase the recently proposed mortgage-loans limits. Initially, the proposed mortgage...
Women are an Underserved Market for Mobile Financial Services
A study released today by the GSMA mWomen Programme and Visa Inc. entitled, Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,...
People in UAE can now pay Zakat and alms fees through...
In line with the Ministry’s efforts to unite all Ministries and Federal agencies through the usage of the Second Generation of e-Dirham system, the...
Portable pensions remain best for expats as UAE unveils pension scheme
Chris Ferguson, Managing Director, Guardian Life Management (Dubai), says portable pensions remain the best bet for expats as the UAE unveils its own pension...
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...
UAE Central Bank seeks banks’ view on mortgage regulations
Sultan bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, issued Notice No. 57/2013 on 22nd January regarding Proposed Regulations re Mortgage...
UAE’s Central Bank governor clarifies mortgage regulations
The circulars sent by the Central Bank setting the maximum value of mortgages for foreigners and nationals at 50% and 70% of the property...
DFM launches iVESTOR Shabab card
The Shari'a compliant card enables parents to track their children's expenditure, and entitles holders to receive a DFM Investor Number
The new card emulates the...
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...
Mubasher’s GCC clients enabled to buy shares before IPO launches
Mubasher offers Middle Eastern investors an exciting new gateway to access shares of fast-growing companies before they go public
Mubasher Financial Services (MFS), one of...
GCC consumers would benefit from reforms in the financial services industry
*According to a new leadership roundtable report from Insight Discovery
GCC consumers stand to benefit enormously from the adoption of global best practice by the...
UAE looks forward to direct debiting
According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...
Nine out of ten UAE home buyers now end-users
Nine out of ten home buyers in the UAE are now end-users, representing a significant shift in the country’s real estate sector, according to...
UAE Credit Cards immune to Low Interest Rates
Interest rates are the lowest they have been in decades. But there is a little indication the customers of U.A.E. banks are benefiting. This...