Retail Banking
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UAE credit card fees: Customers hit with Dh400-Dh500 annual charges after fee exemption ends without warning
Some bank customers have confirmed that they did not receive clear and prior notification at the end of the period …
First Abu Dhabi Bank Executes Landmark Live Tokenized Deposit Settlement with Citi via Swift Ledger
The global cross-border payments landscape has achieved a major technological milestone as regulated commercial bank money transitions onto programmable digital …
Central Bank of Oman gold value doubles to $1.2bln as revaluation gain reaches $408mln
The value of bullion held by the Central Bank of Oman (CBO) doubled to RO 468.1 million at the end …
Thunes Expands Cross Border Payouts Across Six Middle East Markets
Thunes has expanded its cross-border payout network into six more Middle Eastern markets. The company has introduced services in Bahrain, …
Neopay, Commercial Bank of Dubai partner to strengthen access to funds for SMEs
Neopay, a leading payments solutions provider in the UAE, has partnered with Commercial Bank of Dubai (CBD) to help small …
Kuwait tightens lending criteria for expatriates amid job security concerns
Kuwaiti banks are tightening lending criteria for expatriates as concerns over job security, Kuwaitisation and potential contract terminations prompt lenders …
Kuwait banks create ‘grey list’, tighten expatriate lending as job security becomes key credit factor
Kuwait banks are becoming more selective in lending to expatriates, shifting from broad-based expansion toward a more risk-focused approach. Lenders …
Emirates Development Bank reaches Dh30 billion in financing approvals for industrial businesses
Emirates Development Bank , the UAE’s key financial engine for economic diversification and industrial transformation, has approved more than Dh30 …