Search results
Results from the WOW.Com Content Network
The Government Client Card. On 24 June 2001, the Ministry of Finance & Industry has launched a new card named as “Government Client Cards”. This represents the second generation of the e-Dirham. This card type is intended for frequent users of governmental services, and can be obtained by individuals or companies.
In the European Union, an Electronic Money Institution can be licensed in any country member but can act and provide services in all EU and EEA countries. [6] The legal basis for e-money issuance in the European Union is covered by EU Directive 2009/110/EC, on the taking up, pursuit and prudential supervision of the business of electronic money institutions establishes, issued by the European ...
Access to Services: The card is required for accessing government services such as healthcare, education, and social services. Financial Transactions : Many financial institutions in the UAE require the Emirates ID for opening bank accounts, applying for loans, and other transactions.
This portal brings all eServices and information provided by the UAE federal and local government bodies under one umbrella. [13] Emirates eGovernment provides services on G2G, G2B and G2C levels. The UAE's official portal www.government.ae falls under the G2B and G2C level.
The Central Bank of the UAE has powers to issue and manage the currency; to ensure the stability of the currency; to manage the UAE's credit policy; to develop and oversee the banking system in the UAE; to act as the Government's banker; to provide monetary and financial support to the Government; to manage the UAE's gold and currency reserves ...
The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [3] [4] [5] As of 31 December 2020, total assets were DH 698 billion, deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE, with a brand value of US$3.89 billion. [6]
In 1993, UAE Exchange became a SWIFT member and over the following two years opened operations in Oman and Kuwait, as well as launching transfer, gold card, and banknote services. In 1999, it launched retail operations in India , which was to become the largest operation outside its home base, with 330 branches by 2015.