Browsing: Banks

Careem has unveiled a new remittance feature via Careem Pay, enabling international money transfers without fees and offering exchange rates superior to market standards, thereby challenging traditional exchange houses in the UAE’s remittance sector.

Banks’ investments in monetary bills and Islamic certificates of deposit (CDs) reached AED 226.9B by the end of Q2 2024, a 10.3% increase from AED 205.7B at the same time last year, according to the Central Bank of the UAE (CBUAE). Investments in Shariah-compliant CDs stood at AED 43.9B by the end of Q2 2024.

The Abu Dhabi Global Market (ADGM) announced a 31 per cent rise in new company registrations during the first half of 2024, bringing the total number of active companies to 2,088, including 231 financial institutions.

The UAE has expressed its approval of the recent UN announcement regarding an agreement between…

The London Institute of Banking & Finance (LIBF) has announced the launch of its latest…

The 14th Africa Bank 4.0 Summit – Pan Africa, organized by BII World, is a…

The Dubai FinTech Summit’s 2nd edition wrapped up on Tuesday, announcing that the 3rd edition is scheduled for 7th-8th May 2025.

UAE banks’ investments exceeded the AED 650M mark by the end of February 2024, reaching their highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Central Bank of the UAE released a notice on Monday instructing all banks and insurance firms to offer a six-month deferral on repayment of personal and car loan instalments for customers affected by recent adverse weather conditions. This deferral will be provided without any additional charges, interest, or increases to the principal loan amount.

The Arab-Afro Digital Payment Symposium, Exhibit & Awards, organized by BII World, emerges as a…