UAE Banks News – Services, Offers & Financial Updates

Want better loans? Check your UAE credit score

Know your creditworthiness in the UAE by checking your credit score

2m read

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.

UAE court orders bank to refund Dh149,467 to retiree

The bank was also ordered to pay the retiree's fees and expenses

Abu Dhabi Court orders bank to refund Dh149,467 to retiree after unlawful salary deductions

How UAE resident lost Dh20,000 in BNPL fraud

How BNPL fraud happens, security gaps, and legal steps UAE consumers can take to stay safe

A Dubai resident fell victim to BNPL fraud, losing Dh20,000 through unauthorised transactions without receiving any OTPs or alerts.

ADIB latest to rollout Visa's instant fund transfer

Banks in the UAE, Gulf are gunning for greater share of remittance market

It's all instant - ADIB's Remit! tie-up with Visa will allow clients to make instant cross-border fund transfers.

RAKBank becomes first UAE bank to offer crypto trading

Direct crypto trading options seen as big opportunity in retail banking services

RAKBank aims for firs-mover advantage by offering crypto trading services to its retail clients.

Joyalukkas gets Dh500m for UK, US expansion

Joyalukkas to use new funds for expansion in UK, North America

Joyalukkas plans to expand its store networks in the UK and North America with the new arrangement from Emirates NBD.

Why is UAE moving away from SMS and email OTPs?

Your next OTP won’t come by SMS - UAE banks make security safer, say finance experts

Banks across the UAE are gradually replacing one-time passwords sent by SMS and email with app-based authentication to reduce fraud risks, improve login security, and give users more control over their digital banking.

Which countries no longer use SMS OTPs?

UAE joins other countries in phasing out SMS and email OTPs - here’s a list

From the UAE to Singapore, countries are ditching SMS OTPs for safer login options like biometrics and app tokens. Find out who’s making the switch.

Dubai bank sees income gain in H1-25 - but profit drops

Emirates NBD confirms solid loan growth, but expenses have shot up

Emirates NBD continues to make solid gains on its overseas banking operations.

UAE banks to end OTPs on SMS and email from July 25

Banks to start app-based verification July 25; SMS OTPs phased out by March 2026

New rule kicks in from July 25 for all electronic and financial transactions

UAE goes digital: Wio hits $1b investment mark

ADQ-backed platform hits milestone in under two years, with $4 billion in order volume YTD

Wio Bank: Digital-first UAE investors surge as investments cross $1 billion

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