![Emirates Development Bank [EDB] today announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer lending platform.](https://www.dubaichronicle.com/wp-content/uploads/2021/06/Emiretes-Development-Bank-Logo-533x261.jpg "Local Bank and Peer-to-Peer Platform to Offer Financing for SMEs"){kind=logo}
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...
No Imminent VAT Introduction in UAE
An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...
6 Predictions for Fintech in 2024
Financial technology, or fintech, is undergoing rapid and transformative changes. As we look ahead to 2024, several key trends are poised to shape the...
LUUP and Emirates International Exchange to Roll Out Comprehensive Mobile Wallet...
Luup International Ltd., a leading mobile payments solutions provider of Norwegian origin, and Emirates International Exchange (EIE), a leading exchange house in the United...
UAE signs Pact with Russia on Taxation on Income for Public...
UAE has signed an agreement with Russia relating to taxation on income of public investment organizations. The agreement highlights efforts of enhancing different types of investment opportunities.
The next crisis: Credit Card Debt
Together with the financial crisis, the banking crisis, the mortgage crisis and the employment crisis, we are on the verge of experiencing a credit...
Ministry of Finance meets training centres for employee development
Ministry of Finance held annual meeting with a number of development and training centres, to better familiarize itself with different training partners
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...
Opportunity for financial service providers: Reverse Mortgage
A popular and commonly used financial facility in the United States and Europe, with unexplored yet potential in the Middle East, is the Reverse...
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...
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...
Morgan Stanley becomes approved applicant for Dubai Gold Securities
Dubai Gold Securities LLP today announced that it had accepted Morgan Stanley as an Approved Applicant in connection with the ongoing offering on NASDAQ...
Emirates NBD launches Emirates Global Sukuk Fund
•   High profit rate, low minimum investment
•   Semi-annual income distribution
•   Low management fees, award-winning team
Emirates NBD announced today the launch of the Emirates Global...
Auto loans interest rates 2.99 per cent this summer
Reduced rates applies to salaried, non-salaried, self-employed and corporate customers, as well as new-to-bank account- holders
Valid on all new and used vehicle purchases...
GCC Payments Industry Set to Leapfrog Other Economies in 2021
Enhanced digitalisation and tech adoption across the region sees digital transactions increasing
Payments made via Bahrain’s BenefitPay set to exceed US$4billion this year
49 per cent...
Emirates NBD to showcase consumer finance products at Arabian Centre mall
Emirates NBD, the Middle East’s largest bank by asset size, announced today that it will host a week-long campaign showcasing the bank’s...
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...
UAE to establish Institution for Registration of Mortgage Capital Assets
Proposal for a new law regarding guaranteed mortgage transactions
Establishment of electronic guarantees record; creating awareness; providing training sessions
In line with its commitment to promote...