Non-resident Indians (NRIs) in the UAE are urged to prepare ahead as a three-day bank strike in India raises concerns about potential disruptions to banking services. The strike, initiated by the United Forum of Bank Unions (UFBU), aims to protest against banking policies that union leaders believe undermine job security and labor rights. As a...
Non-resident Indians (NRIs) in the UAE are urged to prepare ahead as a three-day bank strike in India raises concerns about potential disruptions to banking services. The strike, initiated by the United Forum of Bank Unions (UFBU), aims to protest against banking policies that union leaders believe undermine job security and labor rights. As a...
The United Arab Emirates has introduced a new retail sukuk offering, boasting a competitive annual return of 5.06%. This initiative is set to appeal to a wide array of investors looking to diversify their portfolios while participating in Sharia-compliant investment opportunities. The sukuk, which is expected to attract both local and international investors, will allow...
The UAE Ministry of Finance has unveiled a promising opportunity for investors with the announcement of a 5.06% profit rate for its second sovereign retail T-Sukuk issuance. This issuance is part of an ongoing effort to diversify investment avenues available to the public and stimulate economic growth. This particular issuance is structured with a five-year...
On September 16, 2026, gold prices in Dubai experienced a slight downturn, with the rate for 24K gold declining by AED 4.00 per gram, while 22K gold witnessed a decrease of AED 3.50 per gram. This dip comes at a time when multiple factors are influencing market sentiments, primarily driven by international bullion prices and...
The financial landscape in the United Arab Emirates is poised for a shift as the US Federal Reserve is expected to raise interest rates. This move is likely to have a ripple effect, increasing borrowing costs for individuals and businesses in the UAE while providing a boost to savers seeking better returns on deposits. The...
The Dubai International Financial Centre (DIFC) has announced the inaugural Dubai Future Finance Week, scheduled from November 2 to 6, 2026. This event is poised to reshape how financial leaders across various sectors engage, strategize, and innovate within a rapidly evolving global finance landscape. Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin...
Tabby, a prominent player in the buy now, pay later (BNPL) sector, has successfully raised $233 million in a funding round led by its existing investors. This recent influx of capital has propelled the company’s valuation to an impressive $6.5 billion. The funds will be utilized to broaden Tabby’s services, marking its strategic shift towards...
The price of gold in the UAE has witnessed a significant increase over the past few days, with the 24K gold rate rising to Dh532 per gram. This marks a gain of Dh10 within just three days, amid a broader global market recovery that has pushed gold prices above $4,400 per kilogram. This recent spike...
ABU DHABI, United Arab Emirates – Vision Bank, an esteemed Islamic financial institution established under the Abu Dhabi Global Markets (ADGM), has officially unveiled its new financing options tailored for small and medium-sized enterprises (SMEs). This initiative aims to bolster cross-border trading activities in the region, positioning Vision Bank as a key player in the...