UAE Central Bank Revokes Exchange House’s Licence For Misconduct
In a recent development, the Central Bank of the UAE (CBUAE) has announced the cancellation of licenses for a prominent money exchange house and a commercial broker company due to serious regulatory m...
August 09, 20230360Category: Bank
Here Is How To Open A Bank Account For Free In The UAE
The prospect of moving abroad and starting over is one of the most terrifying, yet exciting things a person can ever do. You will experience significant changes in your life - and not just in your add...
March 08, 202201626Category: Bank
How To Access Bank Accounts In UAE, If You Are Unable To Return To Emirates
It’s has become a common problem these days with most of the Expats. As a routine visit, may expats move to their home country during March-April for their Annual holidays but this year it was d...
September 12, 20200450Category: Bank
UAE Banks Set To Begin Legal Actions Against Defaulters In India
Banks will start legal proceedings mainly against larger defaulters.
Some banks in the UAE are going after the Indian nationals who defaulted on their loans in the UAE and then moved to India.
Sou...
February 09, 202001007Category: Bank
UAE-Reader Complains Against Bank For Freezing Account,Credit Card
Reader complaint against bank for withholding gratuity and freezing credit card
Bank absorbed all my end-of-service money to my loan payment and increased the interest rate
I’ve been banking w...
December 01, 20190706Category: Bank
The Two Faked The Seal Of A Bank And Swindle Dh6 Million From Bank Customers
The two faked the seal of a bank and forged a letter which they attributed to the same bank.
A bank manager and an investor have been charged at the Dubai Court of First Instance with fraud and forge...
July 27, 20190723Category: Bank
Dubai Bank Warns Customers To Check The Source Before Clicking On Links
After a series of reported victims of online fraud in the country, UAE-based Emirates NBD warned customers to stay vigilant and double-check the source before clicking on any links and/or attachments....
June 18, 201901117Category: Bank
The UAE Central Bank Raising Its Repo Rate By 25 Basis Points
The central bank was acting after the US Federal Reserve hiked rates by 25 bps.
The UAE central bank (CBUAE) said on Wednesday it was raising its repo rate by 25 basis points, and also raising intere...
September 27, 20180967Category: Bank