Monday, June 9, 2025

bank

UAE: Now, deposit or withdraw cryptocurrencies in dirhams through this bank

UAE residents can now deposit and withdraw UAE dirhams against cryptocurrencies they are holding. Crypto.com and Standard Chartered Bank have tied up to enable near-real-time processing of US dollar, euro and UAE dirham deposits and withdrawals on the cryptocurrency exchange...

The subscription coverage for Mashreq Bank bonds is 4.4 times

Mashreq Bank issues additional Tier 1 bonds worth $500 million, with the lowest return in 5 years. issued Mashreq Bank Additional Tier 1 bonds worth $500 million, with an annual rate of return of 7.125%, with a reset margin of...

Alec UAE chooses two banks to manage a public offering

The Investment Corporation of Dubai acquired Alec in 2017 from the Abu Dhabi-based Al Jaber Group Quoted Bloomberg Agency Informed sources said that Alec Engineering and Contracting Company is owned by...Investment Corporation of Dubai Emirates NBD Capital and JP Morgan...

Dubai billionaire has called for banks to remain open during long holidays

A Dubai billionaire has called for banks to remain open during long holidays as their closure causes “direct harm” to customers and the commercial sector. Khalaf Al Habtoor, founder and chairman of Al Habtoor Group, said the closure of the...

Latest News

Pakistan govt begins cancelling passports of deportees

Over 7,800 Pakistanis were deported from 2019 to 2025 for different charges. Photo: Reuters Pakistan's government has initiated cancelling the...

Eid Al Adha 2025: Rains hit some parts of UAE as residents celebrate start of holiday

As residents of the UAE celebrate the beginning of the Eid holiday, they were greeted with a welcome break from the rising heat, as...

Eid Al Adha in Dubai: Salik to apply variable toll rates during holiday

Salik PJSC, Dubai’s toll operator, will implement variable road toll pricing on all four days of the Eid El Adha holiday, including Sunday (June...

Dubai to reserve 4 public beaches for families during Eid Al Adha holidays

Four Dubai public beaches will be designated exclusively for families during the Eid Al Adha holiday. The beaches include Jumeirah 2, Jumeirah 3, Umm...

Dubai RTA’s online booking system eases vehicle testing

For Syed Azeez, yearly vehicle testing was one of those chores he kept putting off, until it became urgent. His car’s registration had already...