Banking

RakBank comes under fire from customers over cyber attack

One of the biggest names in UAE consumer banking said it lost Dh17.4m as a result of one of the biggest cyber heists to hit Middle East. Read Article RakBank comes under fire from customers over cyber attack

UAE plan to turn your Emirates ID into a credit card

Al Hilal Bank is currently experimenting with the possibility of using the Emirates ID card as a pre-paid credit card. Sarah Dea / The National

Emirates Identity Authority is in talks with the Central Bank to enable financial transactions on the ID card by 2015. Read Article UAE plan to turn your Emirates ID into a credit card

UAE credit bureau: 'We won't disclose financial data to any party outside of country'

The UAE's Federal Credit Bureau will not sanction the disclosure of financial data related to individuals or companies to any party outside the country, the Bureau's vice-chairman said. Read Article UAE credit bureau: 'We won't disclose financial data to any party outside of country'

finance

UAE currency houses will be subject to new Central Bank rules
New rules designed to tighten the regulation of money exchange houses are planned by the Central Bank in the wake of the closure of two exchange houses for breaking rules.

Tom Arnold

Related: Vow to tidy up UAE's exchange industry

finance

Vow to tidy up UAE's exchange industry
New rules designed to tighten the regulation of money exchange houses are planned by the Central Bank in the wake of the closure of two exchange houses for breaking rules.

Tom Arnold

Related: Talking money exchange

Fresh calls for tighter UAE banking regulations in wake of $45m cyber heist

Bank Mucat was hit in the $45million cyber heist. Silvia Razgova/The National

Financial firms are being urged to amp up their fraud defences in the wake of a cyber attack in which $45m was stolen from RAKBank and BankMuscat. Read Article Fresh calls for tighter UAE banking regulations in wake of $45m cyber heist

DIFC property owners given new rights for management

Associations of property owners in the Dubai International Financial Centre will be able to open bank accounts to help them manage services provided on their premises. Read Article DIFC property owners given new rights for management

Lebanon economy suffers while expats choose to relocate abroad

After a steady rise, the level of money earned abroad by Lebanese expatriates and sent home has been stalled over the past couple of years, despite rising domestic instability and a spillover of Syria's ongoing turmoil. Read Article Lebanon economy suffers while expats choose to relocate abroad

Money makes the world go round and round the world it goes

From Egypt to India to South East Asia foreign workers sending money home has long been a mainstay for families and, to varying degrees, economies globally. Read Article Money makes the world go round and round the world it goes

UK a top hub for outbound cash

The United Kingdom likes to think of itself as a global financial power but it makes no appearance in the top 10 remittance corridors, according to the World Bank. Read Article UK a top hub for outbound cash

Asia a springboard for migrant work

Remittances from workers overseas are a significant element in several South East Asian economies, chief among them the Philippines, which trails only India and China in terms of money sent home by migrant workers. Read Article Asia a springboard for migrant work

ADS stakes early claim for presence in Abu Dhabi's free zone

ADS Securities aims to be among the first institutions operating in the new financial free zone being set up in the capital. Read Article ADS stakes early claim for presence in Abu Dhabi's free zone

Eight charged in US over $45 million cyber crime on UAE and Oman banks

Fraudsters have stolen US$45 million from RAKBank and BankMuscat in one of the biggest cyber heists ever to hit the Middle East. Read Article Eight charged in US over $45 million cyber crime on UAE and Oman banks

Oman's central bank sets minimum target for SME lending

Oman's central bank has stipulated that commercial banks' loans to small and medium-sized firms must account for at least 5 per cent of their total loans, in a new rule aimed at easing unemployment. Read Article Oman's central bank sets minimum target for SME lending

Profits rise at HSBC and Abu Dhabi Islamic Bank

HSBC almost doubled first-quarter profits before tax and said it expected growth to accelerate in its Asian markets. Read Article Profits rise at HSBC and Abu Dhabi Islamic Bank

Premium business content offered by The National

finance

Germany's approach proves a winning formula in the beautiful game
Business of sport: As if Germany's economic dominance of Europe was not enough, its football clubs now reign supreme and partly for the same reason - fiscal prudence.

David Crossland

Related: Minnow hopes to take a bite of Uefa pie

Allegiances switch after shift in balance of footballing power

finance

Best way to hatch a nest egg for your growing child
Briton Richard McFarlin, a Dubai resident, was keen to find the right savings plan for his three-year-old son, Hiro.

Emma Lunn

Related: Scotsman still learning to save in Dubai

finance

Finding inspiration on the road
Money and me: Tamas Kassai, a senior consultant at Gargash Insurance Services, talks about his financial journey across Europe, Asia and the Middle East.

Alice Haine

Related: Scotsman still learning to save in Dubai

SOUND & VISION

Industry Insights Forum - James Hogan, Etihad Airways

Industry professionals gathered at an exclusive event to discuss the aviation industry with CEO of Etihad Airways, James Hogan. Watch Video

Most Viewed

finance

Often the bedrock of developing economies, smaller enterprises generate wealth locally and provide employment. But they also depend on reliable financing.

Christopher Baines

Related: Financial flexibility is key for small and medium enterprises to succeed

Sound & Vision

In pictures: Swarovski studded tub See Pictures
In pictures: Compare the price of Donald Trump's golf course with the UAE's finest See Pictures
In pictures: Arabian Travel Market See Pictures
Video: Western shoppers unsure about pressuring retailers about Bangladesh Watch Video
In pictures: Rotana's 5-star hotel on Saadiyat Island See Pictures
In pictures: Apple products throughout the years See Pictures
In pictures: Rosewood Hotel on Abu Dhabi's Al Maryah island to open See Pictures
Video: Aldar optimistic about key developments Watch Video
Video: TDIC on the Louvre and Saadiyat Beach Villa project Watch Video
In pictures: Futuristic Sky Gardens tower for Abu Dhabi See Pictures

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UAE currency houses will be subject to new Central Bank rules

The proposed law change comes after a Central Bank decision this month to revoke the licences of two exchange houses. Pawan Singh / The National

New rules designed to tighten the regulation of money exchange houses are planned by the Central Bank in the wake of the closure of two exchange houses for breaking rules. UAE currency houses will be subject to new Central Bank rules

Digital players fight for music domination

Streaming services such as Spotify have left the likes of Apple looking outdated when it comes to free or low-cost music. But the big internet firms are ready to act. Digital players fight for music domination

Emirates to delay A380 'wing crack' modifications

The late delivery of new Airbus A380s has forced Emirates Airlines to push back by two months work to fix potential wing cracks on its existing fleet of superjumbos. Emirates to delay A380 'wing crack' modifications

Keys to an evening of classic entertainment

Viktoriya Solyana plays a variety of music at Royal Meridian Hotel in Abu Dhabi. Ravindranath K / The National

The Life: Viktoriya Solyana is a pianist at Le Royal Meridien Abu Dhabi, and is awaiting her doctoral degree from Ukraine. She talks about a day in her life. Keys to an evening of classic entertainment

Teach kids values and the world is their oyster

On the money: My son and I are creating our very own adventure book. A sort of scrapbook where we're writing down where we want to travel to, sticking in photographs of the places, including maps, writing bits of information - and a target date. Teach kids values and the world is their oyster