Photo has been used for illustrative purposes.
The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
In an effort to ensure that stored value products and services are operated in a secure, sound and efficient manner in the UAE, the Central Bank of the UAE, CBUAE, has issued a new regulation on Stored Value Facilities, SVF.
The Principles-Based Regulation sets out key objectives to ensure protection of consumers’ interest in their use of any financial product, service and relationship with Licenced Financial Institutions (LFIs).
The Pakistani rupee dived to an historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the IMF.
The UAE is determined to foster the attractiveness and competitiveness of the business environment in order to keep pace with future economic trends, a senior official said.
Luxury goods and designer clothes are bought and worn as status symbols by consumers the world over, but what gives authenticity to the Rolexes, Gucci bags and signed pairs of football boots that are purchased every day?