UAE residents facing visa cancellation can breathe a sigh of relief regarding their banking needs. Legal experts have clarified that the cancellation of a residency visa does not automatically freeze or close a resident’s bank account, as long as the account remains active and the customer maintains regular communication with the bank. Ashish Mehta, founder…
The Central Bank of the United Arab Emirates (CBUAE) has officially introduced a new symbol for the national currency, the Dirham, in both physical and digital formats. The initiative is aligned with the UAE’s broader digital economy vision and coincides with the country’s recent adoption of the FX Global Code, making it the first central…
In a significant move towards enhancing the UAE’s financial ecosystem, Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), has announced a strategic partnership with Visa. The collaboration introduces Jaywan-Visa debit and prepaid cards, reinforcing the nation’s commitment to digital transformation and financial accessibility. Revolutionizing Payment Systems in the UAE The…
Small and medium-sized enterprises (SMEs) are increasingly expanding into global markets, yet cross-border transactions pose significant challenges, including high costs, compliance complexities, and security risks. Fintech innovations like WorldFirst are transforming international business by streamlining payments and offering secure, cost-effective digital financial solutions. Simplifying International Payments for SMEs WorldFirst, a leading cross-border payment service provider,…
The International Free Zone Authority (IFZA) has partnered with RAKBANK to provide custom banking solutions for businesses in the UAE. This strategic collaboration aims to simplify financial management for entrepreneurs, startups, and international companies operating in the UAE. The official announcement took place at IFZA’s Dubai headquarters, where top executives from both organizations gathered to…
Almost all the banks in the UAE offer current accounts with their own benefits and services. With so many banks providing these accounts, it becomes confusing for customers to choose the best option suiting their needs. This article highlights the list of popular current accounts in Dubai and UAE with their features and benefits and…