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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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UAE: Dh2,000 fine as police target loud modified cars disturbing neighbourhoods

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Police across the UAE have launched a major crackdown on illegally modified cars and motorcycles after residents reported late-night engine blasts that sounded like explosions, sparking panic in several neighbourhoods.

During the quiet hours of the night, many residents said the sudden thunder-like bursts from revving engines left them alarmed. With regional tensions dominating headlines, some initially feared the sounds could be linked to security developments before realising they were caused by vehicles deliberately producing “backfire” sounds.

Authorities say the disturbances were largely caused by teenagers and young drivers modifying exhaust systems or aggressively revving engines to create explosive noises that echo through residential streets.

Police clarified that the sounds heard in parts of Dubai and Sharjah were not related to any security threat, but rather reckless driving and illegal vehicle modifications.

Patrols intensified across neighbourhoods

Following multiple complaints, police have stepped up patrols and enforcement campaigns in residential areas to stop motorists from creating excessive noise.

Major General Saif Muhair Al Mazrouei, Assistant Commander-in-Chief for Operations at Dubai Police, said authorities are using advanced monitoring systems and targeted enforcement to track down offenders.

“Our priority is to protect the comfort and safety of residents while addressing violations such as illegal vehicle modifications and excessive noise,” he said.

Sharjah launches inspection campaigns

In Sharjah, police have also intensified inspection campaigns and checkpoints to detect vehicles fitted with unauthorised modifications.

Brigadier Khalifa Al Khassouni, Director of the Central Region Department at Sharjah Police, said the campaign aims to restore calm in residential areas and reassure communities, particularly at a time when sudden loud sounds can easily trigger concern.

Heavy penalties for offenders

Under UAE traffic laws, motorists caught driving vehicles that create excessive noise face:

  • Dh2,000 fine
  • 12 black points on their driving licence
  • Possible vehicle impoundment

Vehicles with illegal modifications may also be confiscated, with release fees reaching up to Dh10,000.

Police are also urging parents to keep a close watch on teenagers and young drivers, and have asked residents to report reckless driving immediately through official police channels.


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Explained: Dubai’s new law on administrative violations, fines and penalties

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Dubai has introduced a new legal framework governing administrative violations, penalties, and enforcement measures across government entities.

Issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Law No. (6) of 2026 aims to make enforcement fairer, more transparent, and consistent across the emirate.

Here’s a simple breakdown of what the law means.

What is the purpose of the law?
The law creates a unified framework for handling administrative violations and penalties across Dubai government entities. It is designed to ensure enforcement actions respect fairness, transparency, accountability, and legality while protecting public services and community interests.

How are violations classified?
Administrative violations must now be clearly defined by the competent authority and are classified into three categories:

  • Minor violations
  • Moderate violations
  • Serious violations

This classification helps authorities apply appropriate penalties based on the severity of the offence.

What penalties can authorities impose?
Government entities may apply several administrative measures depending on the violation, including:

  • Warnings to correct the issue
  • Temporary closure of a business (up to six months)
  • Permanent closure of an establishment
  • Cancellation or modification of licences or permits
  • Suspension of projects, activities, or transactions

How will fairness be ensured?
The law requires penalties to be proportionate to the violation and consider factors such as:

  • Whether the violation was intentional or accidental
  • Repeated violations
  • Damage caused
  • Whether the offender took steps to fix the issue early

What are the procedures before penalties are announced?
Authorities must follow strict procedures before publishing violations:

  • Approval from the Director General of the government entity
  • Coordination with the Government of Dubai Media Office for public announcements

When does the law take effect?
The law comes into force immediately after publication in the Official Gazette. Any conflicting provisions in previous laws will be cancelled.
Officials say the law will help standardise enforcement practices across Dubai, prevent misuse of authority, and increase compliance with regulations, ultimately improving governance and protecting public interests.

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Abu Dhabi expands driverless taxi services on Yas Island

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Abu Dhabi has expanded its driverless taxi services on Yas Island with the addition of a new operator, Autogo, marking another step forward in the emirate’s autonomous mobility plans.

The expansion is being implemented in collaboration with Apollo Go, a subsidiary of China’s technology company Baidu, while Autogo, a subsidiary of K2, will serve as the local operator joining the growing ecosystem of autonomous transport providers.

The move follows the successful completion of testing and operational trials on Yas Island, allowing the service to transition into commercial operations for Level 4 autonomous taxis, which are capable of operating without human intervention in most conditions.

Residents and visitors can access the service through the AutoGo smart application, available on both Android and Apple app stores.

According to Waleed Alblooshi, Vice President of Strategy at K2, the rides will be offered free of charge at this stage, allowing the public to experience autonomous mobility as a practical transportation option before the service moves to full commercial operations.

Driverless taxi services are also expected to expand in the future to Al Reem Island, Al Maryah Island, and Al Saadiyat Island, as part of Abu Dhabi’s broader strategy to introduce smart mobility solutions across the emirate.

The initiative forms part of Abu Dhabi’s long-term vision to expand autonomous mobility services, diversify operators, and strengthen the overall readiness of the transport ecosystem.


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