by Vasu Jit Kalia | August 22, 2024 | Banking, Central Banks
The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regarding the Central Bank and...
by Jennifer George | August 21, 2024 | Banking, Fintech, News, Trending Now
Sav, a leading financial technology company revolutionizing money management in the UAE, simplifies budgeting for UAE residents with the launch of ‘MyMoney’ on the Sav app. Through ‘My Money,’ UAE residents can track, analyze, and gain deeper...
by Vasu Jit Kalia | August 20, 2024 | Banking, Central Banks
Global economy is going through a turmoil, and China is one of the leading economies any small change here has a global impact. As anticipated by the market had China had left lending rates unchanged at a monthly fixing on Tuesday in order to strengthen its economy....
by Vasu Jit Kalia | August 20, 2024 | Banking, Retail Banking
The aggregate number of ATMs of banks operating in the UAE increased by 15, reaching 4,669 ATMs at the end of Q1 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The increase in ATMs in the UAE reflects the rapid technological and...
by Vasu Jit Kalia | August 19, 2024 | Banking, Investment Banking
The American multinational investment bank and financial services company Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from 25%. This was based on the latest weekly jobless claims and retail sales...
by Vasu Jit Kalia | August 19, 2024 | Banking, Central Banks
Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese companies wishing to expand in the Dubai market. The MoU is aimed at...
