The photo has been used for illustrative purposes.
Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), participated as a lead speaker at the Meeting of Governors from Major Emerging Market Economies organised by the Bank for International Settlements, which was held via video conference.
The 10-year swap rate on the Dirham has steadied at 1.6 per cent by the end of H1-2020, only rising to 1.9 per cent during the first week of June before falling against to 1.6 per cent by the end of the month, according to the figures of the Central Bank of the United Arab Emirates.
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.
The IMF board of governors on Monday greenlit a $650 billion increase in cash reserves for member nations, the last step in an initiative to boost liquidity for the most vulnerable countries. The move increases by 456 billion the stock of Special Drawing Rights (SDR), the International
Dubai’s business events sector continues to build on its momentum as one of the first cities in the world to reopen for international meetings, with a busy calendar of high profile conferences, meetings and incentives on the horizon through the rest of 2021 and into 2022.
To boost investment activity in Sharjah, the Alef Group, a leading real estate developer and a pioneer in developing world-class lifestyle experiences in Sharjah, and the Sharjah Investors Services Centre (SAEED) recently signed an MoU to provide more facilities for investors