UAE Banks News – Services, Offers & Financial Updates

UAE borrowing jumps as bank lending doubles May's rise

Credit to individuals rose Dh6.8bn as total UAE bank lending picked up pace in June

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UAE bank lending rose by Dh24.7 billion in June, almost twice the Dh12.3 billion increase recorded in May, according to Central Bank of the UAE data.

Emirates NBD buys HSBC Egypt's retail banking business

UAE lender expands Egypt presence through acquisition of HSBC's retail banking business

Emirates NBD head office in Dubai, UAE

UAE fintech KamelPay secures key CBUAE licences

Payroll and business payments firm can expand regulated services after CBUAE approval

The UAE-born fintech has received Stored Value Facilities (SVF) and Retail Payment Services (RPS) licences from the Central Bank of the UAE, allowing it to expand its regulated digital payment services. Photo used for illustrative purposes.

mb.io adds Botim as new payment option

UAE users can now fund mb.io trading accounts through Botim without leaving the app

Botim and Multibank Group have partnered to allow UAE users to fund their mb.io crypto trading accounts directly through Botim's in-app payment service.

Could the UAE’s new Jaywan card save you money?

How Jaywan works, where you can use it and what it means for residents

In addition to global networks such as Visa and Mastercard, UAE residents now have another payment option - Jaywan, the country's first domestic card payment scheme.

Bank of Baroda pays $600 million to settle NMC case

Settlement ends claims against the bank; $5b fraud case against former NMC heads continue

A Bank of Baroda signboard is seen outside one of the lender's branches in Mumbai, India. The bank has agreed to pay $600 million to settle litigation linked to the collapse of UAE healthcare company NMC Health.

UAE's first retail T-Sukuk opens: Profit rate unveiled

Two-year Sharia-compliant Sukuk opens for subscription from June 24 with six-month payouts

The UAE Ministry of Finance has opened subscriptions for the country’s first Sovereign Retail T-Sukuk programme, allowing investors to participate with a minimum investment of Dh1,000.

UAE borrowers rethink loans, credit cards as costs rise

Mortgages remain popular as residents weigh costs before taking personal loans and credit

UAE consumers are becoming more selective about borrowing decisions as higher costs and changing spending patterns reshape demand for loans, credit cards and other forms of financing.

UAE retail T-Sukuk: How to invest from Dh1,000

New Shariah-compliant investment opens access to government Sukuk through UAE banks

The first issuance details of the T-Sukuk, including the return offered and subscription timeline, are expected to be released shortly. File image of a teller at an Al Ansari exchange branch in Karama used for illustrative purposes.

UAE credit scores: Why they matter beyond banks

How your credit score shapes renting, jobs, phone plans and insurance in the UAE

Credit scores UAE: Four ways it affects your life outside the bank

How new UAE law treats 18-year-olds differently now

From renting apartments to car finance: The new rights 18-year-olds just gained in the UAE

The UAE has officially lowered the legal age of adulthood from 21 to 18 under the new UAE Civil Transactions Law, enabling them to act independently across a wide range of civil and financial matters without parental or guardian consent.

Banks told to tighten anti-fraud security beyond OTPs

Central bank launches anti-fraud centre amid rising digital scam threats

CBUAE issues a guidance note to protect consumers and ensure the responsible use of artificial intelligence in the financial sector.

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