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Currency News

UAE money exchange houses ordered to raise standards by regulator

29 Mar 2018 05:30Reuters
... are continuously speaking with U.S. correspondent banks and local banks and requesting them to look at individual exchange houses before deciding to cut ties, as correspondent banking is very important for these firms. more

Dubai space center is joining the race to Mars

15 Feb 2018 10:07CNNMoney
The United Arab Emirates is using its oil wealth to finance a homegrown space program. It plans to launch its first mission to the red planet by 2021, and hopes to settle humans there 99 years from now. more

Businessman arrested for Dh624 million in bounced cheques in UAE

06 Feb 2018 06:03gulfnews.com
Dubai: An Indian businessman wanted on fraud charges running into hundreds of millions of dirhams in bounced cheques in the United Arab Emirates was lured back to Dubai by police under the ruse that he could make more money in a quick-grab deal, said ... more

UPDATE 1-First Abu Dhabi Bank's Q4 profit crimped by merger costs

30 Jan 2018 00:22Reuters
Excluding integration costs and other merger-related expenses, adjusted net profit for the quarter was 3.16 billion dirhams, up from 2.97 billion dirhams a year ago. FAB's board of directors recommended a cash dividend of 0.70 dirhams per share, which ... more

What it takes for Indian brands to go global

26 Jan 2018 06:33Livemint
For shoe lovers, notwithstanding this one's heady price tag of United Arab Emirates dirham 17,000 (around Rs2.9 lakh), it seems to be a match made in heaven—I have come at the tail end of the season, and, barring a few pieces, the entire Sabyasachi ... more

UAE tax authority warns of false rumors around value-added tax

06 Jan 2018 05:26Xinhua
DUBAI, Jan. 6 (Xinhua) -- The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) in Abu Dhabi has called on Saturday in an emailed statement on citizens and residents of the Gulf state to be wary of "uninformed and unreliable sources of ... more

Leaked Documents Expose Stunning Plan to Wage Financial War on Qatar — and ...

09 Nov 2017 06:22The Intercept
A plan for the United Arab Emirates to wage financial war against its Gulf rival Qatar was found in the task folder of an email account belonging to UAE Ambassador to the United States Yousef al-Otaiba and subsequently obtained by The Intercept ... more

Aramex Expands Ecommerce Logistics beyond Middle East

09 Nov 2017 05:48Practical Ecommerce
Aramex's 2017 Q3 net profit increased by 13 percent to AED (United Arab Emirates Dirham) 81.6 million, up from AED 72.2 million in Q3 2016. more
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