The UAE banking system concluded the year 2019 in a resilient position with adequate capital and liquidity buffers well above regulatory requirements. Picture used for illustrative purposes.
The Abu Dhabi Department of Economic Development (ADDED), announced that it is implementing the micro, small and medium-sized enterprises, mSME, coalition project in cooperation with more than 40 federal and local government
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis.
The UAE banking system concluded the year 2019 in a resilient position with adequate capital and liquidity buffers well above regulatory requirements. The banking system remained profitable
Commenting on the contribution, Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB, expressed his appreciation on behalf of everyone at ADIB for the efforts made by the Government of the UAE and the Executive Council of Abu Dhabi, and other national bodies and institutions, to address the current situation.
During COP28 in Dubai on Tuesday, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA.
The 44th edition of Big 5 Global, the largest and most influential construction industry event in the Middle East Africa and South Asia opened in Dubai World Trade Centre. The event boasts a stronger and more impactful local and international support, with over 2,200 exhibitors from 60+ countries
Sustainable Trade Africa (STA) takes pride in successfully concluding its pivotal event, contributing significantly to the discourse on sustainable development within the African trade landscape during COP28. Under the theme “Transforming Africa Trade for Climate Resilience & Sustainable
The Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) continued to signal a rapid expansion in the non-oil private sector in November, despite evidence that price pressures accelerated to their highest in nearly one-and-a-half years. Reports of increased raw material prices fuelled a renewed uplift