UAE Banks News – Services, Offers & Financial Updates

One payment setup could unlock the GCC market

Network International says one integration can help UAE merchants expand across Gulf

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Network International has launched a new regional payment service that allows merchants to accept payments across GCC markets through a single integration.

GCC has attracted global wealth. Now it must keep it

Service, advice and technology will define the next phase of wealth management

Digital wealth management has become an important differentiator across the GCC.

DIB draws strong demand for debut Islamic funding

UAE’s largest Islamic bank says strong demand highlights confidence in its credit profile

The bank said the new facility will support its longer-term balance-sheet and growth objectives while providing access to diversified pools of institutional liquidity.

Why Gulf energy security now depends on renewables

IRENA says renewables are becoming central to Gulf energy security as power demand rises

"Renewables, grid, storage, flexibility, and sustainable fuels must scale up at the same time," said La Camera.

Emirates NBD customers can split payments at checkout

The zero-interest, zero-fee option is available for eligible purchases from Dh100

The latest rollout means eligible Emirates NBD credit cardholders can use the instalment option at participating merchants without having to apply for a separate instalment facility.

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

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.

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