Search Results for: UAE Central Bank
Millions stolen from UAE bank customers in ATM scam
October 23rd, 2014
A gang of Eastern Europeans has been arrested by police in Dubai on suspicion of stealing millions of dirhams from ATM customers in the UAE. According to 7Days newspaper police arrested the gang after uncovering their elaborate scam that ...
The rising trend of cashless payments
July 21st, 2016
Contactless payments are rapidly gaining ground across the globe. Driven by customer convenience and efficiency, this innovative payment method has opened up new dimension for daily transactions undertaken by consumers. Mobile wallets, online payment providers, near field communication (NFC) ...
ADIB eyes capital boost after 19.3% profit rise
January 26th, 2015
Abu Dhabi Islamic Bank said yesterday, it planned to boost its capital base to help support future growth, after setting aside less cash for bad loans helped it post a 19.3 percent rise in fourth-quarter net profit. Banks in ...
Standard Chartered to close MidEast branches
November 13th, 2014
Standard Chartered is set to cull an unspecified number of branches in the Middle East, as part of plans to cut up to 100 locations in emerging markets next year in a bid to save $400 million. The global ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
The dawn of financial technology in Islamic finance
December 23rd, 2016
Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps. According to the Ericsson Mobility Report published last year, 70 ...
FCA UK regulated forex trading provider IKON restructures to MEX Group
July 11th, 2016
Mr. Naser Taher, the Chairman of MultiBank Exchange Group, announced the restructuring of the Group under a new trademark name of “MultiBank Exchange Group” (“MEX Group”), with a new holding company based in California, USA. As part of the ...
ADS Securities expands to full-service brokerage in Hong Kong
June 8th, 2016
ADS Securities, the Abu Dhabi-based international financial services firm, today announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses ...
Can A Divided OPEC Agree On Anything In Doha?
April 6th, 2016
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...
Nikkei surges 7%, Topix up 8.3%; China lose ground
February 15th, 2016
Asian stocks mostly climbed on Monday, with Japan shares surging after last week’s sharp selloff. But China’s shares lost ground as its markets re-opened after the week-long Lunar New Year holiday. The Nikkei 225 retraced losses some of Friday’s losses, jumping ...
