Banking & Finance News from Middle East

UAE Launches Jaywan Card to Revolutionize Domestic and Global Payments

Banking Hamna Farrukh - February 28, 2025

As per a CBUAE announcement on Thursday, the launch of Jaywan card was the first-ever domestic card in the country and aimed at local...

Bybit Records over 350,000 Withdrawal Requests after Historic $1.5 Billion Heist

Banking Hamna Farrukh - February 25, 2025

Bybit, the Dubai-based cryptocurrency exchange, has managed to process over 350,000 withdrawal requests within a span of 12 hours after the largest hack in...

Standard Chartered Launches Digital Asset Custody in UAE

Banking Hamna Farrukh - December 16, 2024

Standard Chartered has now introduced its much-awaited digital asset custody service in UAE, which is yet another determining milestone for the rapidly changing cryptocurrency...

How to record a bounced cheque police report online, documents, eligibility

Banking Urooj Kamran - August 20, 2024

Whenever you are a businessman ends up receiving cheques from a client or at times someone who is just collecting cheques from companies or...

Recovery of money lost in unauthorized card transactions, all you need to know

Banking Urooj Kamran - August 12, 2024

Cybercrime or hacking of e-payment transaction applications or websites is unlawful and attracts imprisonment and/or stiff penalties for anyone or a group involved in...

UAE Residents: Obtain Personal and Auto Loans through Fintech Company!

Banking Urooj Kamran - July 25, 2024

Astra Tech, a consumer technology holding firm based in Dubai, through its subsidiary Quantix Technology Project, has been given a license by the Central...

Counterfeit QR codes, fraud police officers: How UAE residents are conned by impostors

Banking Urooj Kamran - July 18, 2024

Several years ago, a majority of the fraud victims claimed that they had been financially defrauded after getting their credit cards stolen. Now, scammers...

Abu Dhabi introduces up to Dh3 million interest-free loans for start-ups

Banking Urooj Kamran - July 17, 2024

Abu Dhabi has now introduced an interest-free, long-term financing facility that ranges from Dh150,000 to Dh3 million for licensed Emirati start-ups in the priority...

UAE: Get free digitally stamped bank statements for visa applications

Banking Urooj Kamran - July 9, 2024

If you are a travel aficionado and are used to the visa application process you must be well aware of the digitally stamped bank...

Emirates Islamic Q1 Net Leaps by 35 percent to Record $221m

Banking Urooj Kamran - April 29, 2024

Emirates Islamic net profit rose to a record AED811 million ($221 million) in the first quarter of 2024, up 35% year-on-year, fortified by a...