UAE issues new retail-banking rules

UAE issues new retail-banking rules

The UAE Central Bank has issued new terms and conditions on the transfer of retail loans from one bank to another. The new amendment mandated banks and finance companies to reduce the interest rate without increasing the repayment period. UAE-based banks or finance...
WATCH: UAE launches new Dh250,000 coin

WATCH: UAE launches new Dh250,000 coin

The Ministry of Education and the UAE Central Bank released the Dh250,000 Emirati School Commemorative Dirham in celebration of the launch of the UAE New Education System Emirati School. The Emirati School Dirham has a diameter of 24 mm and weighs 6.10 grams, with its...
UAE Central Bank sets new fee caps on banking fees

UAE Central Bank sets new fee caps on banking fees

The UAE Central Bank (CBUAE) on Tuesday, June 19, has set new maximum limits or ‘fee caps’ for fees or commissions charged on retail customer service. The bank announced that the new fee caps apply on banking services such as home loans and late fees for credit cards,...

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!