The move comes despite the economic impact of the Covid-19 pandemic
Fintech has grown in momentum and usage and unsurprisingly, global trends reflect the same
Banks must also provide disposable latex gloves to its customers using the ATM machines
Individual customers will be able to obtain a three-month deferral on their existing personal and auto loans, mortgages and credit card payments with no penalties
RAKBANK will collaborate with individual customers, SMEs and large corporates on a case-by-case basis to provide flexible solutions
DIFC firms were encouraged to deploy DFSA’s Threat Intelligence Platform to enhance their cybersecurity
The executive was found to have carried out client transactions “without authorisation” and engaged in “misleading and deceptive conduct”
The emirate listed a $1bn sukuk on Nasdaq Dubai in April 2019, and another $750m sukuk in October
Starting April 1, Dubai-based banks will waive loan repayments for three months for individuals forced to take unpaid leave, and for small businesses
Dubai and Abu Dhabi’s main stock indexes are both down 32 per cent this month
Earlier this week, the company said that it was stopping all new transactions
Finablr had a market value of $94m when it was halted from trading this week
The kingdom needs an oil price of $84 to balance this year’s budget
The trading floor will be shut from Monday until further notice
The Exchange will continue to provide access to trading services through its Sahmi digital platform
Dubai’s main index fell 3.6 per cent as of 10.42 am local time
Banks across the country are expected to exercise stable lending practices and treat customers fairly
Finablr’s shares have declined 87 per cent so far this year
Total banking assets booked in DIFC stood at $178bn in 2019
The amount is available as direct loans to foreign buyers and as lines of credit to international financial institutions importing goods and services from UAE companies
Late last month, the UAE central bank urged banks to reschedule loans and reduce fees
Chief strategy officer Dennis Johnson and head of risk, Martin Botha, have exited the company
Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank
The sukuk makes IsDB the leading sukuk issuer by total value on Nasdaq Dubai
The UAE has, so far, reported 21 cases of coronavirus of whom five have fully recovered
The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes
The loan is expected to finance about 37,000 projects over the next four years and create over 200,000 jobs in the African country
Emirati banks received approximately 89.8 per cent of the total investments
BlueNau is the fourth cellular agriculture startup that KBW Ventures has invested in
Vision 2030 aims to increase non-cash payments to 70 per cent of all payments by 2030