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    UAE’s Islamic finance a model of growth and sustainability

    UAE’s Islamic finance a model of growth and sustainability

    21 Dec 2024

    The Islamic finance sector in the UAE benefits from a dynamic economic environment and advanced regulatory policies that support Sharia-compliant financial activities.Since the establishment of the UAE’s first Islamic bank...

    CBUAE, Hong Kong Monetary Authority deepen financial market cooperation

    CBUAE, Hong Kong Monetary Authority deepen financial market cooperation

    20 Dec 2024

    The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) on Friday held the second bilateral meeting in Hong Kong, further solidifying cooperation and...

    Abu Dhabi issues first permit for petroleum product trading

    Abu Dhabi issues first permit for petroleum product trading

    20 Dec 2024

    The Abu Dhabi Petroleum Products Trading Regulatory Committee, under the leadership of the Abu Dhabi Department of Energy (DoE), has issued its inaugural permit for petroleum product trading in the...

    CBUAE’s gold reserves surpass Dhs23 billion

    CBUAE’s gold reserves surpass Dhs23 billion

    19 Dec 2024

    The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) exceeded Dhs23 billion by the end of Q3/24. This represents a month-on-month increase of 5.3 per cent,...

    UAE ranks first globally in 223 competitiveness indicators

    UAE ranks first globally in 223 competitiveness indicators

    17 Dec 2024

    The United Arab Emirates (UAE) has maintained its upward trajectory in global competitiveness reports in 2024, securing top positions in key indicators thanks to the wise leadership and forward-thinking vision...

    UAE bank assets surpass Dhs4.4 trillion by September-end

    UAE bank assets surpass Dhs4.4 trillion by September-end

    17 Dec 2024

    The Central Bank of the UAE (CBUAE) revealed that Gross banks’ assets, including bankers’ acceptances, increased by 0.5 per cent from Dhs4,378.0 billion at the end of August 2024 to...

    Adnoc, SLB, Patterson-UTI close Turnwell JV

    Adnoc, SLB, Patterson-UTI close Turnwell JV

    17 Dec 2024

    Adnoc Drilling Company on Tuesday announced the closing of the Turnwell Industries (Turnwell) joint venture (JV) between Adnoc Drilling, SLB and Patterson-UTI TW Holdings (Patterson-UTI).Commenting on the completion of the...

    UAE to strengthen ties with global financial institutions

    UAE to strengthen ties with global financial institutions

    17 Dec 2024

    As part of its efforts to strengthen the UAE’s strategic relations with regional and international financial institutions, the Ministry of Finance (MoF) hosted a high-level delegation from the Eurasian Development...

    Adnoc signs 15-year SPA with EnBW for Ruwais LNG project

    Adnoc signs 15-year SPA with EnBW for Ruwais LNG project

    16 Dec 2024

     Adnoc announced on Monday it has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW),...

    FTA launches world’s first tax refund system for e-commerce retail purchases for tourists

    FTA launches world’s first tax refund system for e-commerce retail purchases for tourists

    16 Dec 2024

    The Federal Tax Authority (FTA) announced the launch of a new VAT refund system for E-Commerce Retail Purchases for tourists during their stay in the UAE, which is considered the...

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