Thursday 21 September 2017

Term deposits in UAE banks rise by $5.4bn

Medium and long-term deposits in UAE banks increased by Dh19.9 billion ($5.4 billion) by the end of the first seven months of 2017, bringing to Dh210 billion the total deposits held the banking sector, a growth of 7 per cent over the corresponding period last year. Medium and lon


UBF launches threat intelligence sharing platform

The UAE Banks Federation (UBF), comprising 48 member banks operating in the UAE, has launched its first Information Sharing and Analysis Center (ISAC), powered by Anomali, provider of market-leading threat intelligence platforms. It will initially bring together 13 banks’ c


DFSA warns on cryptocurrency offerings

The Dubai Financial Services Authority (DFSA) has warned potential investors on risks involved in cryptocurrency offerings and said the authority does not currently regulate these types of product offerings or license firms in the Dubai International Financial Centre, (DIFC) to undertake such a


Mastercard names country manager for Saudi Arabia

Mastercard, a leading technology company in the global payments industry, has announced the appointment of J K Khalil as the company’s country manager for Saudi Arabia. Khalil will be in charge of promoting strategic growth, enhancing Mastercard’s operations in the Ki


UAE starts online registration for excise on Sept 17

UAE’s Federal Tax Authority (FTA)  has announced that it will open online registration for excise tax for businesses on September 17, providing an integrated system to serve the business sectors as per the highest international standards. This marks a major step underl


Takaud plans roadshow for Gulf Air staff

Takaud, a specialist provider of savings, investment and pension solutions for the Mena region, will carry out an educational roadshow on retirement planning at national carrier Gulf Air’s headquarters from September 17 to 20. The roadshow, conducted for Gulf Air employees, will


Deloitte launches new whitepaper on VAT impact

Professional services firm Deloitte has launched the third volume in a series of whitepapers designed to help businesses in the GCC understand the impact of value added tax (VAT) and how their businesses will be affected according to their specific industry. The third volume of D

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