UAE Banks News – Services, Offers & Financial Updates

Ask Gulf News: Why UAE banks are asking for KYC updates

Ignore that KYC update SMS and your bank account could be blocked

3m read

UAE banks are asking customers to renew KYC details as expired Emirates IDs could lead to frozen accounts and blocked transactions.

Can ILOE help you pay off your loan after job loss?

How ILOE scheme works and whether it can ease financial pressure

From bank restructuring requests to ILOE benefits, here’s how to stay financially secure during unemployment.

Can you pause a bank loan after job loss in the UAE?

When you can request relief, how interest applies, and what happens if you default

Lawyers explain whether banks can pause your payments — and what you can do first.

Emirates NBD to buy 60% of India’s RBL Bank for $3b

As per SEBI rules, ENBD will offer up to 26% stake to RBL Bank shareholders

Largest FDI in Indian banking as Emirates NBD invests $3 billion in RBL Bank

Banks in UAE barred from charging compound interest

Top court rules total interest cannot exceed the original loan amount

In its judgment, the court clarified that while banks may charge contractual or market-rate interest on outstanding balances before account closure, only simple interest may be applied thereafter.

IHC takes majority stake in Pakistan’s First Women Bank

First bank privatisation in Pakistan under G2G deal highlights UAE–Pakistan economic ties

IHC acquires majority stake in First Women Bank, strengthening UAE–Pakistan ties. The announcement was attended by Sheikh Zayed bin Hamdan and Pakistan PM Shehbaz Sharif.

Why was India's HDFC Bank penalised, barred in Dubai?

DFSA halts HDFC Bank Dubai branch from onboarding new clients due to compliance issues

Operations at an HDFC Bank Branch

du unveils 5G+ for speedier mobile network speeds

5G+ to boost AI app performance and transform mobile gaming, streaming and video calls

UAE telco du rolls out 5G+ for speedier browsing, gaming and video calls

How to teach your kids about money, cybersecurity

A new report shares tips on how to teach children smart money and online safety habits

Studies show that parental influence, peer pressure and financial literacy help teach kids about the value of money.

UAE electric vehicle owners get some insurance relief

For first time in 15 months, EV insurance renewals see even 9% rate dips

EV car owners in the UAE have more charging points, better after-sales support and more. But high motor insurance rates have been a worry for over 15 months.

Want better loans? Check your UAE credit score

Know your creditworthiness in the UAE by checking your credit score

Missed payments, maxed-out credit cards, bounced cheques, and overlooked bills can all damage your credit score in the UAE.

Could hackers steal money from your BNPL account?

Experts reveal how hackers exploit BNPL apps and how to protect your money

Cybersecurity experts explain hackers exploit fast approvals, SIM swaps, and credential stuffing.

LOAD MORE

TRENDING STORIES