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HSBC eases requirements for Home Loans in Dubai

HSBC Holdings is making it easier for home buyers to get home loans in Dubai, as one of the real estate market shows signs of improvement.

Investment Dar reaches Majority Agreement on Standstill

Investment Dar announces today that a majority of its banks and investors have now joined the Standstill Agreement previously entered into with the Coordinating...

Global Islamic Finance Industry Targets AED7.3 Trillion (US$2 Trillion) in the...

Innovation and product diversification to drive growth of Islamic finance industry The global Islamic finance industry has been forecasted to touch the AED7.3 trillion...

DED, Noor Islamic Bank sign agreement to facilitate electronic payment of...

The Dubai Department of Economic Development (DED) and Noor Islamic Bank (NIB) have signed a co-operation agreement to facilitate electronic payment of trade license...

Emirates Islamic Bank integrates Emcredit services to efficiently manage risk

1. Bank to use Credit Scope to mitigate risk; calls for greater information sharing and increased transparency 2. Joins Emcredit’s growing member base In a...

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,...

MENA CFO Awards Recognize The Best in Finance Across Public, Private...

Over 200 top finance professionals gathered at the MENA CFO Awards organised as part of the CFO Strategies Forum MENA by Naseba. On the...

Tamweel reports 2011 net profit of AED 102 million

Tamweel PJSC, the UAE Islamic home finance provider, announced today its financial results for the 12 months ending December 31, 2011, demonstrating continued profitability...

Another step closer to VAT implementation in GCC

The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...

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,...

Dubai Islamic Insurance & Reinsurance Co. (Aman) ‘BBB’ Ratings Assigned

Dubai Islamic Insurance and Reinsurance Company (Aman) has announced that its Credit Rating within Standard & Poor’s Ratings Services has increased reflecting Aman's good...

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...

Cash-strapped residents get free debt advise in Dubai

ISDM, the Dubai-based credit counseling and debt management company is set to hold its first free, public open house counseling event where participants can...

AXA Insurance Gulf launches its online services

1. Customers can now buy and renew motor policies online 2. Get a quote in less than a minute 3. 5% discount for buying a new...

Verify your mortgage calculator

Before you start browsing the classifieds and cruising open houses, you need to know how much of a living space  you can afford 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...

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...
New fintech firm, BKN 301, entering the MENA market is set to boost the overall economy in the region.

MENA Region Opens New Opportunities for Fintech Companies

Middle East and Africa is projected to experience a significant growth in the coming years to reach USD 3.45 billion by 2026. New fintech firm...