News

Sarwa Launches High-Yield Cash Accounts In The Sarwa App

The account will offer nearly 4x the interest of regular UAE savings accounts, and deep integration with the Sarwa investing platform.

Published

4 years ago

February 10, 2023

Nour Nasir

Sarwa

Sarwa, a popular UAE investing platform and app, has launched a new feature known as Sarwa Save. The latest offering is a high-yield cash saving account with several exciting features, the foremost of which is a very respectable 3% interest rate. The idea behind the account is that it will serve as a parking place for cash earned while investing and comes with zero transfer costs for AED local accounts, no account minimums, no management fees, plus fast online setup through the app.

“While we are strong believers in long-term passive investing, we are also conscious of how market conditions might affect short/medium-term goals. A short-term investing option is an important part of a good financial plan. Our clients were asking for a product to park their cash while earning returns, with the same easy access and simple experience as their Sarwa Invest, Sarwa Trade, and Sarwa Crypto accounts. As always, we listened to our community and decided to launch our fourth pillar,” says Mark Chahwan, Co-founder and CEO of Sarwa.

Sarwa’s 100,000 active users will now find it easier than ever to centralize the entire investment process in a single app, whether they’re taking a hands-off, long-term approach or prefer the convenience of self-directed trading using a single service. It’s also worth noting that Sarwa offers Save Halal, a low-risk money market funds portfolio, which also projects a return of 3%.

Overview of Sarwa Save features:

3% interest rate.
Easy online setup and access to real human support.
Zero withdrawal fees. No lock-in period.
No account minimums.
No management fees.
No transfer costs for AED local accounts.
Deep integration with Sarwa Invest accounts.
Partition and label funds to enhance saving.

Sarwa Save looks like a promising financial product, especially as the average yield on a UAE savings account currently stands at around 0.8%.

Interested in setting up an account? Sarwa Save is available to new and existing users through the Sarwa website and mobile app.

Disclaimer: Sarwa Save is a product offered through Sarwa Digital Wealth (Capital) Limited that is regulated by the FSRA in the ADGM. This offering is not regulated by the DFSA. Sarwa is not a bank. We can unlock high-yield accounts through our banking partners.

News

For etisalat, More Bandwidth Is A Matter Of Digital Sovereignty

The etisalat group plans to expand its international capacity from 20 Tbps to more than 500 Tbps by 2030, with new routes designed for speed and resilience.

Published

2 days ago

October 6, 2026

Nour Nasir

for etisalat, more bandwidth is a matter of digital sovereignty

Emirates News Agency

By 2030, etisalat group plans to lift its international connectivity capacity to more than 500 terabits per second (Tbps), more than 25 times the 20 Tbps it has today. The group presented the expansion as preparation for rising AI demand and an important move for the UAE’s digital sovereignty.

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, witnessed the launch of the project, which covers the UAE and international markets. Sheikh Mansour is also Chairman of the Emirates Investment Authority, etisalat group’s main shareholder.

He emphasized the role of coordinated national efforts in advancing the UAE’s AI and digital economy ambitions. “AI is a central pillar in our development journey moving forward,” he said, adding that developing the country’s digital capabilities would empower every institution, public and private, to build and innovate with AI “at the scale the coming decade will demand”.

“This project reflects our conviction that the UAE should not simply adopt AI, but govern it and build with it,” said H.E Jassem Mohamed Bu Ataba Alzaabi, Chairman of etisalat group. “That requires digital infrastructure at a scale that would prepare us for the future”. He cast greater international connectivity as a strategic answer to the challenges of processing and moving data globally.

Also Read: RØDE’s Low-Profile Studio Arm Is Designed To Stay Out Of Shot

Beyond raw bandwidth, the expansion will introduce new connectivity routes intended to improve reliability and efficiency, and Alzaabi tied them directly to the sovereignty goal. “Delivered through diversified routes and low-latency design, the project is set to keep the country’s connection to the global digital economy fast, direct and resilient, while ensuring the UAE’s digital sovereignty,” he said.

He also linked the plan to the group’s 50-year commitment to building infrastructure for the nation. The announcement didn’t mention what the expansion will cost. Nor did it name the new routes or say who will build them, the details that would show what digital sovereignty means in practice.