Dubai Unified Licence cuts business bank setup time from 65 to 5 days, a 90 per cent reduction that boosts ease of doing business
dubai banks
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banking industry
CBI records 30% annual growth as profit hits $60.65 million
Transformation journey pays dividends as Dubai bank revenue soars to 29% to 191.4 million and assets grow to $5.7 billion
Dubai
Dubai to identify and fine foreign banks breaching administrative guidelines
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum issues Executive Council Resolution No. (101) of 2024 to the effect
banking services
Dubai Islamic Bank offers compensation to affected customers
Company says the new system has ‘stabilised’; Customers to be offered ‘Walaa Rewards’ and reversal of charges
banking services
Dubai Islamic Bank resolves major issues after transitioning services to new platform, customers to receive delayed salaries
The bank has recently migrated certain functions to ‘The Temenos Banking Cloud’ platform to enhance the quality of services provided
dubai banks
Dubai announces new tax
Dubai has announced a new tax on foreign banks operating in the Emirate
Dubai
Dubai Police and banks team up to stamp out financial crime
Dubai Police will team up with banks and financial institutions to combat economic crime in the UAE
dubai banks
Dubai’s Mashreq launches new program to help SMEs access working capital
New initiative leverages the credit worthiness of larger buyers to provide a more cost-effective early payment to their smaller suppliers
Dubai banking
Dubai’s Mashreq invests in fintech at centre of F&B payments revolution
Bank says partnership reinforces its commitment to support the burgeoning fintech ecosystem across the UAE
