Category: Finance

Home Finance
Aani Revolutionizes Everyday Payments in the UAE
Post

Aani Revolutionizes Everyday Payments in the UAE

The payment landscape in the UAE is rapidly evolving, as the instant payment system Aani gains popularity among residents. This innovative platform eliminates the need for cash or lengthy bank transfers, enabling users to send and receive money with ease. Aani facilitates transactions in seconds, whether it’s for splitting a bill with friends, sending money...

DFSA Unveils 2025-2026 Business Plan to Strengthen DIFC’s Global Role
Post

DFSA Unveils 2025-2026 Business Plan to Strengthen DIFC’s Global Role

The Dubai Financial Services Authority (DFSA) has announced its Business Plan for 2025-2026, aiming to solidify the Dubai International Financial Centre’s (DIFC) position as a leading global financial hub. The plan aligns with Dubai’s Economic Agenda D33, Digital Dubai, and the DIFC 2030 Strategy, focusing on regulatory excellence, innovation, and sustainable growth. The DFSA highlighted...

MoEI Teams Up with Shiba Inu to Transform Digital Services
Post

MoEI Teams Up with Shiba Inu to Transform Digital Services

The UAE’s Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to push forward digital transformation efforts using Web3 technology. This collaboration aims to improve public services, develop greener infrastructure, and introduce citizen-friendly governance models. Shiba Inu’s advanced Web3 tools, including its Operational System (ShibOS), will be integrated into MoEI operations to enhance...

Dubai Offers Easy Installment Option for Government Fees
Post

Dubai Offers Easy Installment Option for Government Fees

Dubai residents, citizens, and visitors now have the option to pay government fees and fines in easy installments. This new feature comes with the integration of Tabby, a buy-now-pay-later service, into the DubaiPay platform, announced by Digital Dubai and the Department of Finance. The move aligns with Dubai’s Cashless Strategy, aiming to boost digital transformation...

New UAE Insurance Rules to Streamline Payments and Improve Oversight
Post

New UAE Insurance Rules to Streamline Payments and Improve Oversight

The UAE is set to implement new insurance regulations that will bring significant changes to how payments, claims, and commissions are handled in the sector. Starting February 15, policyholders will benefit from direct payments to insurers, ensuring faster claims processing and reducing risks of delays or mismanagement. These changes aim to prioritize efficiency and transparency...

UAE Experts Predict Surge in Cryptocurrency Adoption for Everyday Payments
Post

UAE Experts Predict Surge in Cryptocurrency Adoption for Everyday Payments

Experts in the UAE foresee a significant rise in the use of cryptocurrency for everyday transactions, including buying coffee and paying for petrol. According to Khaleej Times, Mohammed Al Hakim, president of Crypto.com, stated that within the next two years, many business owners, restaurant operators, and high-net-worth individuals are likely to favor cryptocurrency as a...

Nasdaq Dubai Lists Middle East's First $100 Million Blue Bond
Post

Nasdaq Dubai Lists Middle East’s First $100 Million Blue Bond

Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress. The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature...

Central Bank of the UAE Celebrates 2024 Achievements and Future Prospects
Post

Central Bank of the UAE Celebrates 2024 Achievements and Future Prospects

The Central Bank of the UAE (CBUAE) celebrated significant achievements in 2024 across the financial, banking, and insurance sectors, setting a positive trajectory for the future of the UAE’s financial landscape. The CBUAE emphasized its role in fostering monetary and financial stability, managing reserves, and developing secure financial infrastructure through innovative digital solutions. These efforts...

$1 Trillion Wealth Transfer Set to Reshape Middle East by 2030
Post

$1 Trillion Wealth Transfer Set to Reshape Middle East by 2030

A historic shift in generational wealth is unfolding in the Middle East, with $1 trillion (AED 3.67 trillion) expected to transfer to heirs by 2030, according to a whitepaper launched by the DIFC Innovation Hub, Julius Baer, and Euroclear. The report, titled “Navigating the Future of Inheritance”, highlights how advanced digital technologies like Artificial Intelligence,...