Sunday 19 August 2018

Emirates Islamic offers incentive on EV financing

Emirates Islamic, a leading Islamic financial institution in the UAE, is encouraging customers to Go Green by offering up to 100 per cent discounts on processing fees for auto financing on electric vehicles. The bank is the exclusive Islamic Banking Partner for Expo 2020 Dubai an


StanChart names new chief risk officer

Standard Chartered has appointed Faisal Abu Shaar as chief risk officer, Middle East; Country chief risk officer UAE; and head, Risk, Islamic Banking. Abu Shaar  has been with the Bank for the last seven years and has held various roles including senior credit officer, Singa


Dubai Chamber eyes India jewellery sector

The Dubai Chamber of Commerce and Industry recently concluded a study mission to India which explored business opportunities within the country’s gems and jewellery sector. The study mission included visits to Mumbai and Delhi and coincided with the India International Jewe


ADGM Courts sets up fully digital court platform

Abu Dhabi Global Market (ADGM) Courts said it has embarked on an end-to-end transformation to deliver fully digital courts for the first time in the judicial and legal system. Established in 2015, Abu Dhabi Global Market is Abu Dhabi’s international financial centre. It has


Takaful Emarat adopts service solution for Apple devices

Takaful Emarat, the DFM-listed Shariah-compliant life and health takaful provider said that has signed a deal to become the first insurance company in the Middle East to use Device-as-a-Service solution for Apple devices through MDS. Takaful Emarat has quickly deployed Apple devi


UAE most competitive economy in Mena: report

The United Arab Emirates (UAE) has the most competitive economy in the Mena region, said a new study from the World Bank Group and the World Economic Forum. The Arab World Competitiveness Report 2018, launched today, ranked the UAE as the 17th most competitive country in the worl


UAE issues fresh banknotes ahead of Eid

The Central Bank of UAE has issued fresh currency notes of various denominations ahead of Eid Al Adha and the holiday season to meet the demand for new banknotes. In a statement today, the Central Bank said all banks operating in the country have been notified to take all necessa


Dubai Chamber waives late membership fees

The Dubai Chamber of Commerce and Industry has announced that it will waive late membership fees in an effort to reduce the cost of doing business in Dubai and enhance the competitiveness of the emirate’s private sector. The move falls in line with the directives of HH Shei


First phase of ‘Tax Clinic’ launches in RAK

The UAE Federal Tax Authority (FTA) has officially launched the first phase of its "Tax Clinic" initiative, which seeks to maintain direct and constant communication with taxable businesses. For three months, the campaign will cover all seven emirates to raise tax aware


DGCX in deal to boost Dubai’s Islamic finance status

The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) have signed a MoU to share knowledge, promote shari’ah compliant finance, and help foster Dubai as the global capital of Islamic economy. As per the agreement, DIEDC will

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