News
UAE Cybersecurity Council warns of rising ‘wiper malware’ threat targeting individuals and businesses
3+ hour, 15+ min ago (333+ words) UAE warns wiper malware attacks could delete data, disrupt systems and threaten business continuity without strong defences The UAE Cybersecurity Council (CSC) has warned of the growing threat posed by "wiper malware," a form of cyberattack capable of deleting or…...
ADIB leads UAE Islamic banking push into open finance era
1+ mon, 3+ week ago (477+ words) Abu Dhabi Islamic Bank becomes first Islamic lender to roll out Open Finance under the Central Bank's AlTareq initiative Abu Dhabi Islamic Bank (ADIB) has become the first Islamic bank to implement Open Finance in the UAE, marking a significant…...
Dubai draws 40 founders of unicorns worth $900bn to Expand North Star 2025 - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
4+ mon, 4+ week ago (380+ words) Expand North Star 2025 in Dubai gathers 40 unicorn founders worth $900bn, reinforcing the city's role as a hub for startups and innovation Expand North Star 2025 in Dubai has attracted the founders of 40 unicorn companies with a combined valuation of $900bn, underscoring the event's…...
Saudi Central Bank bans promissory notes for credit card financing
2+ mon, 2+ week ago (287+ words) The central bank has ordered banks and finance companies to cancel existing notes and halt the practice for new credit card products, in order to strengthen consumer protection The Saudi Central Bank (SAMA) has instructed all banks, lenders and finance…...
UAE Cyber Security Council warns of dangers of illegal streaming and downloads
2+ mon, 2+ week ago (390+ words) Accessing untrusted digital sources may lead to data compromise, privacy violations, as well as device infection with malicious software or ransomware UAE's Cyber Security Council (CSC) has emphasised that confronting cyber risks begins at an individual level and urged users…...
SAMA orders banks to offer 25 core services free of charge
2+ mon, 2+ week ago (287+ words) Banks and e-money institutions must waive fees on accounts, cards, transfers and mortgage releases to boost customer protection The Saudi Central Bank (SAMA) has directed all banks and electronic money institutions under its supervision to provide 25 essential banking services free…...
UAE fintech Pay10 first to launch on Central Bank's open finance framework - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
10+ mon, 2+ week ago (258+ words) Written by Staff Writer The launch represents the first operational implementation of regulated open finance infrastructure in the UAE, preceding any similar activation by traditional financial institutions or other fintech companies. This open finance authorisation adds to Pay10s regulatory portfolio, joining…...
“It’s not rocket science”: Mahmoud Abuebeid on fixing cross-border payments - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
9+ mon, 3+ week ago (518+ words) Written by Kate-Lynne Wolmarans GSS Group's CEO on real-time payments, open finance " and what fintech still gets wrong Mahmoud Abuebeid didn't come from fintech. He wasn't coding in his teens, or raising seed rounds in his twenties. He was in…...
Saudi Central Bank issues new fees guide for financial institutions - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
2+ mon, 3+ week ago (285+ words) Updated framework replaces existing Banking Tariff and introduces lower caps on selected service charges The Saudi Central Bank (SAMA) has issued a new Fees Guide for Financial Institutions" Services, which will replace the current Banking Tariff once it comes into…...
Abu Dhabi cements global finance ambitions as ADGM adds institutions managing over $9tn in assets - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More
2+ mon, 2+ week ago (710+ words) ADGM enters second decade with 11 new global institutions managing $9tn in assets, reinforcing Abu Dhabi's rise as finance hub Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, is entering its second decade with strengthened momentum after announcing…...