The Central Bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative.
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), held a meeting with CEOs of UAE banks to discuss priorities and future initiatives for the banking sector,
His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court and Chairman of the Central Bank of the UAE (CBUAE), has chaired the meeting of the CBUAE Board of Directors, which took place at Qasr Al Watan, Abu Dhabi.
Jamal Saleh, Director-General of the UAE Banks Federation, said that the total amount of green and sustainable finance in the country will grow significantly by the end of this year,
The Central Bank of the UAE (CBUAE) today announced the results of the COP28 UAE TechSprint initiative on Finance Day at COP28. Launched by CBUAE, COP28 Presidency, the Bank for International Settlements (BIS), and the Emirates Institute of Finance (EIF); the global initiative promotes technology
The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to Dhs687.2 billion this October, marking a substantial annual increase of 10.2 per cent, or Dhs63.7 billion, compared to Dhs623.5 billion in October 2022.
The bank stated in a report released on Thursday that the overall GDP for the country is expected to grow by 3.1 per cent in the current year, 2023.
This is with reference to the news item published in Gulf Today online edition, “UAE banks to operate 6 days a week with 5 hours a day from Jan.2.”
The Central Bank pointed out that the insurance sector in the UAE achieved growth in most of the key performance indicators in 2022, with Gross written premium increasing by 6.6% year-on-year to reach Dhs47.2 billion.