Financial Services

Moving Money to Dubai

International money transfers are a significant topic for discussion for the 7.8m expatriates living in the UAE. It’s more of an issue in Dubai...

Late payments on the rise in UAE

During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...

Dubai’s financial system electronically linked to Federal Government

On the sidelines of the first Government Financial Coordination Council meeting for 2016 In a bid to meet the requirement of the International Monetary Fund...

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...

Tax reform in the GCC approaching

Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom,...

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...

Funding Dubai SMEs: Challenges and Opportunities

Small and medium-sized enterprises (SMEs) play an important role in the UAE’s economy and contribute substantially to income, output and employment. Acknowledging the importance of...

Will looming VAT, corporate tax hurt UAE expats?

For millions of expats working in the country, the fear of having to pay levies is very real, observes Saad Maniar… Over the years, one...

No Imminent VAT Introduction in UAE

An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...

ADX approves new regulations for trading, clearance and depositing

The board of directors of Abu Dhabi Securities Exchange (ADX) has approved the enforcement of new regulations for its operations including trading, clearance, registering...

Innovation very important to 82 percent of executives in financial firms

Fifty-seven percent of global financial services executives believe regulation has enabled growth of their business, according to the results of Deloitte’s Staying Ahead of...

Financing still a top challenge for UAE SMEs in 2015

Top sources of funds for SMEs include family and friends, private funding, as well as savings and credit cards A new MEED survey of SMEs...

DFM inaugurates Annual Stock Game for Students

Dubai Financial Market, DFM, today inaugurated its Annual Stock Game with the participation of 5,723 students from schools and universities in the UAE and...

Dubai, Abu Dhabi Among Top Global Financial Centers

The growth of Asian economies is fuelling the importance of Asian financial centers such as Hong Kong, Singapore, and Tokyo. Although Dubai and Abu...

What Makes The Perfect Mortgage Borrower?

A new infographic summarises the key factors you need to consider before approaching the lenders if you plan to buy a home. Although, criterias...

Al Etihad Credit Bureau begins to issue credit reports to individuals...

Al Etihad Credit Bureau (AECB), the federal government company mandated to implement and operate a credit reporting system across the UAE, has begun to...

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...

Al Etihad Credit Bureau begins the issuance of consumer credit reports

Al Etihad Credit Bureau has commenced the issuance of consumer credit reports to banks and financial institutions that have submitted historical credit data to...

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...

Dubai Equity Advisory: Don’t Sell

In its most recent report, BofA Merrill Lynch Global Research sees the sharp equity selloff in Dubai as a reflective of broader macroeconomic systemic...

Retail loans expected to lift earnings for UAE banks

Commenting on the Retail loans expected to lift earnings for UAE banks, Clint Dempsey who is is a Principal Associate in the Banking and...

Paying off your debts in UAE

Everybody has financial struggles at some point in their lives. But they can soon spin out of control if you don’t learn to manage...

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.

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.