New bank in Umm Al Quwain to offer accessible financial services powered by AI Omla Community Bank will start operations in UAQ, and has plans to cover the other emirates in due time 2 min read
UAE has ‘hardly’ seen fund outflows due to regional conflict, says Al Ghurair UAE Banks Federation chief Al Ghurair says local banks have sufficient funds to tide over any challenges arising from the ongoing regional conflict 2 min read
UAE banks banned from seeking documents via WhatsApp: What it means for customers Customers should no longer expect or accept banking services via Whatsapp Messenger or similar platforms as Central Bank rolls out measures to curb risks 2 min read
UAE Central Bank tightens Anti-Money Laundering rules to meet compliance standards The update helps financial institutions better identify their customers, understand where money is coming from, track unusual trade activity 3 min read
UAE banks’ relief packages prove effective, boost SMEs and economy Central Bank and many local lenders have rolled out relief packages for their customers, particularly SMEs, to help them cope with challenges arising from the US-Israel-Iran conflict 3 min read
Emirates NBD announces fee waivers and discounts for UAE customers amid regional conflict Dubai’s largest bank rolls out support package for small and medium enterprises and assures that its services remain fully operational, seamless and secure 2 min read
Rains in UAE: Banks say some of their ATMs and branches may not be available The UAE received heavy rainfall this week, especially on Wednesday and Thursday, disrupting the operations of many small and large businesses across the country 2 min read
No more OTPs: UAE bank says ready to roll out app verification All licensed financial institutions (LFIs) in the UAE must eliminate SMS- and email-based OTPs to enhance security for banking transactions in line with central bank regulations 2 min read
'Citi not leaving Middle East': Bank says decision to close some offices is temporary The bank denied reports of damage to any of its branches; it also said all UAE and Bahrain-based employees are 'safe and accounted for' 1 min read
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