Financial Services

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...

Sovereign Financial Institutions taxation discussed in Abu Dhabi

Numbers of Sovereign Financial Institutions increased to as many as 40 worldwide since 1950s Sovereign Financial Institutions potential growth expected to range between US$6 and...

Emirates Money launches ‘Loan against Property’ for UAE residents

Loans of up to AED 3 million offered to UAE residents, against property owned in UAE Repayment tenors of up to 15 years with facility...

Abu Dhabi’s Department of Finance and Statistics Centre- Abu...

the Department of Finance (DoF) recently entered into a cooperation agreement with the Statistics Centre – Abu Dhabi (SCAD). The agreement aims to strengthen ties between the two parties and will help facilitate better exchange of statistical data and business intelligence

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...

New system limits personal loans to 20 times a person’s monthly...

UAE Central Bank announced today that it has adopted a new system of bank loans and other services provided to individual clients. The announcement came...

DIFC proposes New Mortgage Model

The proposed Model involves private residential mortgages being funded by the issuance of standardised bonds, creating a large and liquid mortgage bond market.

Middle East Insurance Summit Sees Growth Potential of up to 400%...

Debo Ajayi: “Summit will encourage debate and dialogue, stimulating innovation and regional products to realise huge untapped market potential” Summit runs from 11 to 15...

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...

Online insurance offered to users of Dubai Trade Portal

Insure Direct (Brokers) LLC, a member of end-to-end insurance solutions provider Brokerage World Solutions (BWS), and Dubai Trade, the premier trade facilitator under Dubai...

Ernst & Young named ‘Best Accountant – Auditor’ by Banker ME

Ernst & Young was named as the ‘Best Accountant – Auditor’ in the Middle East region at the Banker Middle East Industry Awards 2011

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...

DIFC Authority releases updated version of ‘Guide to Islamic Finance’

As debt-based conventional banking faces troubled times, asset-backed Islamic finance is becoming popular in world's financial capitals The Dubai International Financial Centre Authority today announced...

New DIFC governor appointed

UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued a decision appointing Abdullah Mohammed...

GoldMoney Completes “GoldMoney Standard” Testing

GoldMoney, one of the world’s largest providers of physical bullion for investors, has completed testing of all the gold bars stored for customers in...

Bounced cheques need closer attention

Bounced cheques - dealing with the problem Bounced cheques have turned into an ongoing problem and are on the rise since the beginning of the...

Adopt early to changes in Payments Industry

Close examination of the “innovation clusters”, known also as incubators for new technology aiming at consumer simplicity, now signals that an innovation in the payments industry is ready for prime time.

New processing agreement with IBQ extends First Data’s reach into Qatar

First Data, a global leader in electronic commerce and payment processing services, announced today that it has signed a four-year processing...

Interest rates on mortgages sliding

The international banking giant HSBC has become the latest lender to cut...

MENA Private Equity Association launches Online Directory

The MENA Private Equity Association has today launched a free directory aimed at entrepreneurs and businesses looking for venture capital funding. Over 50 VC...

Bank offers up to $5 million in mortgages for properties in...

Underscoring an emerging positive sentiment in the property market, Standard Chartered is...

Newcomers to UAE can now benefit from consumer finance products

Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking Focus on customers with less than six month stay in...

Standard & Poor’s Leaders’ Forum 2011 will be held in Abu...

Under the patronage of the UAE Ministry of Economy, Standard & Poor's Leaders’ Forum will be held on 15th November 2011 in Abu Dhabi....

Islamic Finance News Awards Polls 2009

The Islamic Finance News (IFN) Awards Polls are the most transparent, definitive and competitive awards in Islamic finance. They are based on a unique...