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
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
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'
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
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
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
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
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
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 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