Financial Services

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...

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.

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%...

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...

Smartphone penetration gives UAE edge in real-time trading

A recent study by Google Inc. found that the smartphone penetration in the United Arab Emirates is 62%. One of the highest smartphone penetration...

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...