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UAE’s business loan demand grows over economic recovery

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Business loan demand has surged in the United Arab Emirates during the third quarter, reflecting confidence of the corporate sector in the economic recovery, showed the data of Credit Sentiment Survey.

According to the survey of senior credit officers across the banking sector by the Central Bank of UAE (CBUAE), the demand is at its highest peak since 2014.

The survey shows that the UAE’s credit sentiment results for the September quarter points to increased demand for credit, from both businesses and households, coupled with a softening of credit standards for the household sector.

For the September quarter, survey results suggested that demand for business loans surged further with strongest increase since 2014.

According to survey results, 47.5 per cent of respondents reported no change, 42.5 per cent reported an increase in demand, while 10 per cent of respondents reported a decrease in demand.

Looking forward, expectations for business and personal loan demand along with changes in credit standards bode well for credit growth in the months ahead.

The UAE’s economic recovery is fuelling a positive outlook and higher expectations for business loan demand in the months ahead.

Data showed credit demand from corporates and small businesses reported solid increase in demand, which continued to strengthen across all emirates.

According to the report, increased demand was widespread among the different loan categories, comprising large firms, domestic firms, government-related entities, and small and medium enterprises, and was primarily driven by customers’ sales, the property market outlook, interest rates, customers’ fixed asset investments, and seasonal influences.

Looking ahead to the December quarter, business loan demand is expected to remain strong across all emirates, although survey respondents expect a minor net tightening of credit standards.

The survey found the main drivers of increased demand were the housing market outlook, change in income, financial market outlook, and interest rates. The outlook for the December quarter remains optimistic with survey respondents expecting a strong increase in credit demand and a net easing of credit standards.

The results of the third quarter credit sentiment survey revealed contrasting trends in credit standards applied by banks to business and consumer lending.

Data showed a tightening of terms and conditions for loans to businesses across all categories in the September quarter. Survey respondents reported the highest degree of tightening for collateralization requirements, as opposed to a lower degree of tightening for spread of loan rates over cost of funds. Over the next three months, survey respondents expect credit terms and conditions to tighten further, mainly with respect to premiums charged on riskier loans and collateralization requirements

Looking forward, survey respondents expect the factors driving the change in credit standards to remain the same as those reported in the September quarter.

In the consumer credit segment, survey respondents expect a continued net easing of credit standards for personal loans in the December quarter. Credit standards for personal loans are expected to ease across all categories, the survey found.

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Dubai’s Palm Monorail back in service after 6-month shutdown

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The Palm Monorail has officially resumed operations after a six-month maintenance closure, once again providing residents and tourists with a quick and convenient way to travel across Palm Jumeirah.

The operator announced the reopening on social media, confirming that services are back on track following planned maintenance work that began in January.

The reopening restores an important transport link connecting some of Dubai’s most popular attractions, hotels and residential communities.

Route and stations

The elevated 5.5-kilometre monorail runs from Gateway Station at the entrance of Palm Jumeirah to Atlantis Aquaventure, with stops at several key destinations along the way.

Stations include:

  • Gateway Station
  • Palm Jumeirah Mall
  • Al Ittihad Park
  • Golden Mile Galleria
  • Atlantis Aquaventure

The journey provides easy access to shopping centres, beachfront resorts, entertainment venues and residential areas across the island.

Journey time

A complete trip from Gateway Station to Atlantis Aquaventure takes approximately nine minutes.

Travel time between individual stations is around three minutes, making it one of the fastest ways to get around Palm Jumeirah.

Ticket prices

Passengers can choose from several ticket options.

Current fares include:

  • Single journey: Dh10
  • Return ticket: Dh15

Family packages and unlimited travel passes are also available.

Tickets can be purchased online or through the Palm Monorail’s official booking channels.

Operating hours

The Palm Monorail operates daily with trains running every 15 minutes.

From Gateway Station:

  • First train: 9am
  • Last train: 9am

From Atlantis Aquaventure:

  • First train: 9:15am
  • Last train: 10am

With affordable fares, frequent departures and direct access to major attractions, the Palm Monorail service is expected to ease travel across one of Dubai’s most visited destinations.

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Dubai’s nol card is getting a major upgrade: What it means for public transport users

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Dubai’s Roads and Transport Authority (RTA) is transforming the way residents and visitors pay for public transport.

The familiar nol card is evolving into a smarter, digital payment system that will support QR tickets, digital wallets, bank cards and a new generation of nol cards.

The upgrade is expected to roll out in phases beginning in 2027, making public transport payments faster, more flexible and more convenient.

What is changing?

The current card-based ticketing system will be replaced with account-based ticketing (ABT).

Instead of storing your travel balance only on the physical card, your balance and travel information will be linked to a secure digital account.

This means you can access your travel account across multiple devices and payment methods without relying solely on a single plastic card.

How will you be able to pay?

Once the new system is fully launched, commuters will have several payment options, including:

  • QR code tickets
  • Upgraded nol cards
  • Bank debit and credit cards
  • Smartphone digital wallets
  • Linked customer accounts

The aim is to give passengers greater flexibility while reducing queues and making travel across Dubai more seamless.

Three phases of the nol upgrade

Phase 1: QR ticketing

The first stage will introduce QR code tickets through digital platforms, allowing passengers to purchase and use tickets electronically.

Phase 2: new-generation nol cards

A redesigned nol card will be introduced with enhanced technology.

The upgraded cards will:

  • Link automatically to customer accounts.
  • Be compatible with bank card technology.
  • Support improved security and easier account management.

Phase 3: Bank cards and digital wallets

Passengers will be able to pay directly using:

  • Debit cards
  • Credit cards
  • Apple Pay
  • Google Wallet
  • Samsung Wallet and other supported digital payment platforms

This means many commuters may no longer need to carry a separate transport card.

What new features will users get?

The upgraded system will introduce several account management features, including:

  • Create a personal nol account.
  • Link multiple nol cards to one account.
  • Add nol cards to smartphone wallets.
  • Buy transport tickets using QR codes.
  • View travel history and daily transaction statements.
  • Block lost or stolen cards.
  • Recover remaining balances.
  • Enable automatic top-ups through linked bank accounts.

Families will also be able to link multiple nol cards under one account and manage top-up amounts for each family member.

Will nol cards be used for shopping?

Yes.

One of the biggest changes is that future nol cards are expected to function similarly to bank cards, allowing users to make purchases through digital channels and at participating retail outlets across the UAE.

This expands the card’s use beyond public transport.

Will public transport fares change?

The RTA has confirmed that the upgraded platform will support more flexible fare structures across different modes of transport.

However, no new fare prices or tariff changes have been announced.

When will the new system launch?

According to the RTA, the project is already 72% complete.

The rollout will begin in phases during 2027, with new features becoming available progressively.

Why is Dubai upgrading nol System?

The upgrade is part of Dubai’s broader Cashless Strategy, which aims to make digital payments the standard across government services and daily life.

It also supports the city’s vision of creating a smarter, more connected transport network by integrating multiple transport services into one seamless payment ecosystem.

For commuters, the changes mean greater convenience, fewer physical cards to carry, and a faster, more flexible travel experience across Dubai’s public transport system.

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How Dubai’s new Workers Voice service helps employees report workplace issues

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Private sector employees in Dubai can now report workplace concerns directly through the DubaiNow app using a new digital service called Worker’s Voice.

Developed by Dubai Police and integrated into the DubaiNow platform by Digital Dubai, the service enables workers to submit complaints online without visiting a government service centre.

Here’s everything you need to know.

What Is the Worker’s Voice service?

Worker’s Voice is a digital complaint service available on the DubaiNow app. It allows private sector employees to raise concerns about their employer through an official government platform.

Workers can submit complaints individually or as a group, making it easier to report issues while reducing the need for in-person visits.

What complaints can employees raise?

The service covers a range of workplace-related issues, including:

1. Salary and wage issues

Employees can report:

  • Unpaid salaries
  • Delayed wage payments
  • Unauthorised salary deductions

2. Working conditions

Workers can file complaints about:

  • Excessive working hours
  • Violations of employment contract terms
  • Lack of mandatory rest breaks
  • Denial of annual leave or other legal entitlements

3. Employee accommodation

Complaints can also be submitted regarding:

  • Poor living conditions
  • Unsafe or overcrowded accommodation
  • Failure to meet approved housing standards

4. Health and safety concerns

Workers can report:

  • Unsafe workplaces
  • Lack of protective equipment
  • Occupational health and safety violations

How to submit a complaint

Filing a complaint is straightforward:

  1. Open the DubaiNow app and sign in using your UAE Pass.
  2. Navigate to the Worker’s Voice service under the police, justice or safety services section.
  3. Enter details about your employer and describe the issue clearly.
  4. Submit your complaint electronically.

Once submitted, the complaint is forwarded through official channels managed by Dubai Police for review and follow-up.

Do you need to visit a service centre?

No. One of the biggest advantages of the new service is that workers can complete the entire complaint process digitally through the DubaiNow app, eliminating the need to visit a government office for initial reporting.

What is DubaiNow?

DubaiNow is the Dubai Government’s unified smart services platform, offering access to more than 250 services from over 35 government and private sector entities.

Residents can use the app to pay bills, renew government services, access official documents and now report workplace issues through Worker’s Voice.

Is Worker’s Voice the same as MoHRE?

Not exactly.

The Worker’s Voice feature is designed to help employees report workplace concerns through DubaiNow and Dubai Police.

However, employment disputes involving labour law interpretation, contract mediation, end-of-service benefits or cases that may proceed to the Labour Court are generally handled by the Ministry of Human Resources and Emiratisation (MoHRE).

Workers with complex employment disputes may still need to file or continue their case through MoHRE’s official channels.

The addition of Worker’s Voice makes it easier for private sector employees to report workplace concerns quickly and securely. By moving the process online, Dubai aims to improve access to government services, strengthen worker protection and encourage faster reporting of labour-related issues.

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