Dubai’s Roads and Transport Authority (RTA) has expanded the use of Tabby, a leading instalment payment application, to all its digital platforms. This initiative is designed to enhance payment flexibility for customers using RTA’s services, including public transport, taxi bookings, and parking fees. By integrating Tabby, RTA aims to provide users with the option to...
Dubai’s Roads and Transport Authority (RTA) has integrated Tabby, an instalment payment platform, across all its digital channels, allowing customers to pay traffic fees, fines, and other services in up to four instalments. This initiative is now available on the RTA website, the RTA app, and the nol Pay app. Previously, RTA had partnered with...
Businesses in the UAE face approaching deadlines for corporate tax registration, with the Federal Tax Authority (FTA) increasing its efforts to ensure compliance. The FTA has emphasized the importance for individuals subject to corporate tax to submit their registration applications by the end of March 2025. Failure to do so may result in violations of...
A recent survey conducted by Visa reveals that nearly 50% of consumers in the UAE who use digital payments have fallen victim to online scams. The survey indicates that 15% of the respondents have experienced being scammed on multiple occasions. Despite the rise in sophisticated scams, a significant number of UAE consumers are willing to...
The National Bank of Kuwait (NBK) is actively supporting the “Let’s Be Aware” banking awareness campaign, which was initiated by the Central Bank of Kuwait (CBK) in partnership with local banks and the Kuwait Banking Association (KBA). This campaign aims to enhance financial literacy, promote financial inclusion, and educate customers from various segments of society...
The total value of debt securities listed on Nasdaq Dubai has crossed $136.2 billion, following the recent issuance of a $1 billion sukuk by the Government of Ras Al Khaimah. This latest listing brings the total value of sukuk on the exchange to over $92.7 billion, solidifying Nasdaq Dubai’s status as a leading global hub...
The Federal Tax Authority in the UAE has announced that the end of March will be the final deadline for registered businesses to update their tax records without incurring administrative penalties. The Authority has urged those who have delayed updating their tax information to take advantage of this grace period to correct their records. This...
Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Mastercard to introduce the Jaywan-Mastercard debit and prepaid cards in the UAE. This collaboration aims to improve secure, seamless, and accessible digital payment options across the country. The new Jaywan-Mastercard cards will allow users to perform secure, simple,...
The Abu Dhabi Securities Exchange, which is the second-largest exchange in the Middle East, has officially welcomed the listing of Alpha Data, a digital transformation provider and systems integrator in the UAE. This marks a significant milestone as it is the UAE’s first initial public offering (IPO) of 2025 and the Exchange’s second offering this...