Money & Banking

RAKEZ and RAKBANK Launch 60-Minute Business Account Opening

RAKEZ and RAKBANK introduce a 60-minute business account opening service for UAE entrepreneurs with zero fees and cashback offers.

RAK Tenants: 5% Rental Fee Now Split Into Monthly Utility Bills

Ras Al Khaimah tenants can now pay the 5% annual rental attestation fee in 12 monthly installments through their Etihad WE utility bills.

Oman Slashes VAT to 0% on 1,546 Essential Goods

Oman introduces 0% VAT on 1,546 food, medical, and veterinary items to combat rising living costs starting October 2026.

UAE Implements New VAT Recovery Rules for Staff Housing

Starting October 2026, UAE businesses can only claim VAT on staff housing if it is mandatory under MoHRE. Find out if your company is affected.

Indian Expats in Oman Warned of Banking Strike Disruptions

Indian expats in Oman face banking disruptions from Sept 28-30 due to a nationwide strike in India affecting public sector banks.

Indian Bank Strike Could Freeze Remittances for 5 Days

A nationwide bank strike in India could freeze remittances for five days. Here is how UAE-based workers can protect their money transfers.

Kuwait Banks Tighten Grip: New Tough Loan Rules for Expats

UAE Central Bank Halts All Bank Melli Iran Transactions with Tehran

UAE Central Bank Cuts Off Bank Melli’s Iran Money Pipeline

No More Manual KYC: UAE Banks Set to Launch Unified Digital Platform

PhonePe Wins UAE Approval to Revolutionize Payments for 4.3M Expats

UAE Unveils High-Yield 5.06% Sovereign T-Sukuk for Retail Investors