Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. As the UAE continues advancing toward a cashless economy, a significant development in the financial infrastructure is the launch of Jaywan — the country’s first national payment card scheme. Developed by Al Etihad Payments under the supervision of the Central Bank of the UAE, Jaywan marks a str

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Dubai has emerged as a regional leader in combating financial crimes, bolstering its anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks. The 2nd Annual Anti-Money Laundering & Compliance Conference took place in Dubai in February 2025, serving as a pivotal gathering

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Aviation finance law in the United Arab Emirates (UAE) plays a crucial role in the country's thriving aviation sector. One of the key legislations governing aviation finance in the UAE is Federal Law No. 20 of 1991, also known as the Civil Aviation Law. This law regulates various aspects of civi

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. The UAE has introduced a significant tax reform under the framework of the OECD's Base Erosion and Profit Shifting (BEPS) 2.0 initiative. One of the key elements of this reform is the Domestic Minimum Top-Up Tax (DMTT), which is designed to align the UAE's tax regime with international standards

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. When evaluating whether to establish a financial relationship with an individual or a corporation, banks increasingly rely on the World-Check database for in-depth risk assessment. World-Check, established in 2000 by David Leppan and headquartered in London, caters to the risk mitigation demands

Disclaimer: This article is intended for general information only and does not constitute personal financial advice under UAE regulations governing financial blogs and advertisements. Work with several banks at the same time In the early 2000s, it was normal for a company to have several accounts in a dozen banks. At that time, interbank information exchange was not as established as it is now. And if an entrepreneur encountered problems in one bank, he could always solve the

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On August 1, 2022, the UAE Central Bank issued the Guidance for Licensed Financial Institutions on the Risks Relating to Payments. The...

Following the execution of the Abraham Accords Peace agreement between the UAE and Israel in September, which also made reference to the...