Choosing the right bank in the UAE depends on your needs—whether personal, business, or digital. This guide breaks down the top banks, their account types, and minimum balance rules. It also includes key services, opening procedures, and comparisons. We’ve organized everything into clear categories to help you decide quickly. Use this information to pick a…
For many in the UAE, especially expats, a salary account isn’t just where your paycheck lands. It’s your financial starting point. With expatriates making up nearly 89% of the UAE’s population and a banking sector managing over AED 4.457 trillion in assets, salary accounts play a vital role in daily life—ensuring timely payments and unlocking…
Ras Al Khaimah Economic Zone (RAKEZ) has officially signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), marking a strategic step to simplify banking for investors and accelerate business growth across the UAE. The partnership enables RAKEZ clients, including startups and SMEs, to open business bank accounts seamlessly while accessing tailored Sharia-compliant…
Sharjah Islamic Bank (SIB) has officially launched its “Millionaire Draw” campaign, starting July 1, 2025, to encourage sustainable saving habits across the UAE. The initiative offers generous monthly and seasonal prizes, including cash rewards up to AED 20 million and BMW luxury cars, to both new and existing savings account holders. Key Facts Campaign Start…
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…