Tag: UAE Business News
Dubai Islamic Bank raises foreign ownership to 40%
Dubai’s first Islamic financial institution Dubai Islamic Bank (DIB) has increased its foreign ownership limit (FOL) from the current level of 25 percent to...
Fujairah Chamber explores ways to strengthen economic ties with Iraqi delegation
Fujairah Chamber of Commerce and Industry’s Chairman Sheikh Saeed bin Suroor Al Sharqi has explored the importance of expanding their relations in various sectors...
UAE unveils Demand Management Program to enhance energy sector
The UAE Ministry of Energy and Infrastructure has launched the National Water and Energy Demand Management Program to improve the efficiency of the three...
Buy now pay later platform Tabby raises $50mn in Series B...
Dubai-headquartered buy now, pay later (BNPL) provider Tabby has raised $50 million in a new equity round which values the company at $300 million...
Dubai CommerCity opens up for global e-commerce companies
Dubai CommerCity, the Middle East, Africa, and South Asia's (MEASA) first dedicated e-commerce free zone, has started commercial operations, bringing in an exciting era...
FAB’s digital wallet Payit ties up with PLATX to enable WhatsApp...
The UAE’s first fully-featured digital wallet, Payit powered by First Abu Dhabi Bank (FAB), has partnered with PLATX Omni Channel Conversational Commerce, a provider...
UAE join forces with China to combat money laundering & terrorist...
The UAE’s Financial Intelligence Unit (FIU) has entered into an agreement with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to exchange relevant...
UAE’s FAB will offer exclusive home furnishing loans to Al-Futtaim IKEA...
One of the world’s largest and safest financial institutions, UAE-based First Abu Dhabi Bank (FAB) has joined hands with Swedish conglomerate IKEA's regional arm managed...
