Financial Services

IBQ extends merchant partner programme with new dining promotion on premium...

Offers cardholders up to 15 % discount on dining at top hotels in addition to 5% Cash Back New promotion in...

Services of Dubai Municipality, RTA, DED and DCCI now payable via...

  Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...

UAE based western expatriates save less compared to Singapore, Hong Kong

Almost all (97%) UAE based western expats spend some of their disposable income on luxurious lifestyle choices, compared to 51% in Singapore and 47%...

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...

Graduation of the 1st batch of senior auditors and information security...

Major General Mattar Salim bin Mosaied Neyadi, General Director of the Electronic Services and Communications at the Ministry of Interior attended the...

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.

DIFC revises cost of doing business to stimulate further expansion and...

The Dubai International Financial Centre ("DIFC"), the financial and business gateway between the Middle East, Africa and South Asia region ("MEASA") and the world,...

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...

New international financial reporting standards to facilitate growth of small business...

Leading accountancy firm holds workshop in Dubai on IFRS for SMEs; highlights opportunities for small businesses The introduction of International Financial Reporting Standards (IFRS)...

VoiceTrust, CBD to launch co-branded Visa Prepaid Payroll Card

VoiceTrust a global leader and provider of Digital Payments and Voice Biometric solutions announced today their strategic partnership with Commercial Bank of Dubai.

Personal loans limit may be removed soon

New rules could allow loans of up to 50 times an applicants’ monthly salary The draft of a new system for approval of personal...

CFA Institute announces June 2011 worldwide CFA Exam Results

CFA Institute announced today that 43 percent of 115,027 current and aspiring investment professionals worldwide passed the June 2011 CFA exams, bringing them one...

Bahrain Financial Harbour repays US$134M Sukuk facility

Bahrain Financial Harbour Holding Company B.S.C. (c) (“BFHHC”), whose owners, Emar Bahrain (“Emar”), agreed to purchase Gulf Finance House’s (“GFH”) 49.88% investment in BFHHC...

Al Ramz Securities joins Fidessa’s connectivity network

Fidessa group plc (LSE: FDSA), provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side, has today announced that...

Ernst & Young appoints new MENA Markets Leader

Ernst & Young today announced the appointment of Bassam Hage as its Markets Leader for the Middle East and North Africa (MENA). In this...

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...

Khalifa Fund for Enterprise Development signs MoU with ADIB to deploy...

Khalifa Fund for Enterprise Development and Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, have signed a memorandum of understanding (MoU),...

Western Union Commits $100,000 to Flood Relief Efforts in Pakistan

To help the victims of Pakistan’s natural disaster of heavy rains and flooding affecting upwards of 14 million people, The Western Union Company (NYSE:WU),...

MoF Shares Federal Budget Automation with Qatar Foundation Delegation

Ministry of Finance (MoF) received the delegation of Qatar Foundation for Education, Science and Community Development (QFESCD) at its headquarters in Abu Dhabi and...

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...

ISDM Launches the B.E.A.M Debt Program for UAE Organizations

The International Swiss Debt Management (ISDM) Consultancy, a Dubai-based credit counseling and debt management company today announced the launch of a unique pre-emptive program...

Jafza introduces online service for payment of invoices

Jafza announced that it has introduced an online service for payment of customer invoices. This is a new value-added service to customers for simplifying...

Takaful poised for growth, greater focus required

Takaful operators in the Gulf Cooperation Council (GCC) and Malaysia are growing at a rapid pace and are highly capitalised, new research from A.M....

UAE to implement 5% VAT

The United Arab Emirates may soon set a value-added tax of 5 percent as part of a regional development plans, according to the undersecretary...