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UAE Central Bank latest

The UAE banks have added 1,116 workers year-to-date with local banks hiring 1,176 while foreign banks shedding 60 workers in the first 9 months of 2018. (Shutterstock)

November 6th, 2018 - 08:16 GMT

These Are the UAE Banks That Are Hiring and Firing

National banks in the UAE continued to hire and the foreign banks continued to lay off workers during September 2018.

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)

September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

As VAT is new to the region, it is imperative for business owners to be aware and comply with the new regulations in order to avoid stiff penalties which could be as high as AED 50,000. (Shutterstock)

June 21st, 2018 - 12:36 GMT

7 Ways to Avoid VAT Penalties in UAE

The fee caps apply to banking consumer related charges for example, home loans and late fees for credit cards. (Shutterstock)

June 20th, 2018 - 06:24 GMT

UAE Central Bank Announces New Fee Caps on Retail Customer Service

Seven exchange houses have been prohibited from conducting any activities relating to remittances or payment of wages. (Shutterstock)

June 12th, 2018 - 06:31 GMT

Don't Send Remittance Through These Exchange Houses in UAE

The number of automatic teller machines (ATMs) operated by banks in the UAE hit 5,274. (Pixabay)

May 27th, 2018 - 07:43 GMT

UAE Banks Operate 5,274 ATMs

Dubai’s proposed 'Mortgage Law' intends to create greater depth in the property marketplace. (Shutterstock)

April 23rd, 2018 - 06:22 GMT

Dubai’s New Mortgage Law to Bring More Flexibility, Financing Options

FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. (Shutterstock)

April 3rd, 2018 - 12:00 GMT

Despite Challenges, Global FDI Hits $1.52 Trillion in 2017

All six member countries including Qatar have agreed to contribute initial capital. (Shutterstock)

March 13th, 2018 - 12:25 GMT

Gulf States Set up Company for Money Transfers Among Members

While entrepreneurs and Islamic finance startups readily advocate cryptocurrencies for what they are convinced are halal transactions, others keep thinking otherwise. (Shutterstock)

January 22nd, 2018 - 02:00 GMT

Cryptocurrencies, Haram or Halal?

Borrowing money in the UAE could become more difficult as interest rates are expected to increase this year, in line with increases by the US Federal Reserve. (Shutterstock)

January 21st, 2018 - 10:26 GMT

Higher Interest Rates, the End of Easy Borrowing in UAE?

From a monetary policy perspective, 2017 was a year in which central banks around the globe shifted, almost in synchronized step. Here's an outlook for 2018. (Shutterstock)

January 8th, 2018 - 12:00 GMT

Where Major Central Banks Are Likely Headed in 2018: Overview

If you are opting for a loan, then this is the right time for it as interest rates in the UAE are expected to rise. (File photo)

November 2nd, 2017 - 09:54 GMT

Act Soon, Interest Rates on Bank Loans in UAE to Rise