The National Bank of Fujairah (NBF) has achieved significant recognition by securing two prestigious ISO certifications, reaffirming its dedication to operational excellence. The certifications include ISO 27001:2022, which focuses on Information Security Management Systems, and ISO 9001:2015, which pertains to Quality Management Systems. Mahendra Dhillon, Chief Operations and Technology Officer at NBF, noted that this...
Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its long-term issuer credit rating from S&P Global Ratings, moving from ‘A’ to ‘A+’ with a stable outlook. This upgrade emphasizes the bank’s robust financial position and high asset quality, placing ADCB among the top three highest-rated banks in the MENA region according to S&P....
The Central Bank of the UAE (CBUAE) has officially launched a new Dh100 banknote, which is now in circulation as of March 24, 2025. This new currency is made from polymer and features innovative designs along with advanced security elements aimed at enhancing consumer confidence. The new Dh100 banknote will circulate alongside the existing Dh100...
Tern Rewards has introduced a groundbreaking digital rental payment and rewards platform in the UAE, transforming the real estate market. This innovative platform enables tenants to pay their rent via credit card while earning double rewards, thereby enhancing the interaction between tenants and landlords. The solution combines financial flexibility with advanced technology, providing a smarter,...
Dubai is undergoing significant regulatory reforms aimed at enhancing its status as a growing hub for hedge funds. The Dubai Financial Services Authority (DFSA) is conducting a thorough review of existing regulations to reduce unnecessary burdens and lower entry barriers for financial firms. One of the key proposals from the DFSA includes reducing the minimum...
Barq has announced a strategic partnership with Western Union, a global leader in international money transfers. This collaboration is set to redefine remittance services in the Kingdom, allowing millions of users to send and receive money through the barq app with unmatched ease and security. By merging Western Union’s extensive global payment network with barq’s...
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...