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Emirates NBD Introduces Contactless Identity Verification to Open New Accounts on...

Bank's new TruID digital identity verification solution leverages the power of Near-Field Communication (NFC) technology Customer identification information read electronically from Emirates ID and biometric...
Bitcoin Trading

Bitcoin Surpasses $400B Market Capitalization, More Than Any Global Bank

Bitcoin’s market capitalization has hit record levels in 2020 alongside a surge in the asset’s price. With the market cap, the pioneer cryptocurrency is...

Region’s Largest Open Banking Platform Launches In UAE

MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...

Dubai Economy, CBD To Provide Banking Services for DED Trader Licence...

Enables startups in Dubai to leverage online and social media for business growth Further promotes and facilitates ease of doing business in Dubai ...

Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19

Credit misallocation causing lasting risks to economies, and needs course-correction Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...

MEA Retail Banks Strongest Believers in Cashless Society

Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models 6 in 10 banking executives in the Middle...

Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...

The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...
Dubai Banks

Dubai Banks Announce Business Relief Package

Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai banks have come...

FAB Implements Support Measures In Response To COVID-19

FAB launches additional financial relief initiatives in a series of clear and decisive actions to safeguard the wellbeing of customers and employees during...

UAE Central Bank to Cut Interest Rates by 75 Basis Points

The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning 16th March, following US Federal Reserve cuts to...

FAB Shareholders Approve Distribution of 74% Cash Dividends

All agenda items approved by shareholders, including distribution of cash dividend of 74 fils per share  New elected FAB board expands from 9...

KAMCO wins “Best Debt Bank in the Middle East – 2019”

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, won the “Best Debt Bank in the Middle...

Abu Dhabi Launches E-Mortgage Services

HE Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) cum Chairman of the Technology Committee at the Department of Urban...

Dubai Holding to Launch Region’s First Digital Bank

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch...

Trust in UAE Banking Sector Remains High at 68%

Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of...

First Home-grown Wholesale Islamic Bank to Open in DIFC

Dubai Investments PJSC , the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors...

GCC GDP on Growth Path despite Oil Price Decline

Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the...

FGB, NBAD Merger Creates World’s Largest Financial Institution

FGB and NBAD announce the new name of the combined bank New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...