UAE Banks Hike Minimum Balance—Will You Pay the New Fees?
Key Highlights: UAE banks to increase minimum account balance from Dh3,000 to Dh5,000 starting June 1. A Dh25 monthly fee will apply for accounts below the new minimum, unless linked to a loan or credit card. Fee waivers are available for customers with salary transfers of Dh15,000+ or balances of Dh20,000+. Policy change may impact […]
How Dubai is Rewarding Its Nurses: Sheikh Hamdan’s Golden Visa Initiative
The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, who is also the Deputy Prime Minister and Minister of Defense, ordered on Monday that nurses who have worked for Dubai Health for more than 15 years be given golden visas. (source) According to him, nurses play a critical part in creating a healthier population and […]