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UAE banks’ investments exceeded Dhs640 billion by the end of January 2024, achieving the highest level in its history, according to the latest statistics from the Central Bank of the UAE (CBUAE).
The Middle East banking landscape is witnessing a transformative era as digitisation has become a fundamental pillar of competitive strategy. Local banks in the region are not only catching up but setting the pace, effectively narrowing the technological divide with global institutions.
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD),