Picture used for illustrative purpose.
The Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation aim to promote robust financial infrastructure, which is essential for financial stability and consumer protection. They also facilitate the UAE’s international competitiveness.
The total value of fund transfers among the UAE’s banks amounted to Dhs745.27 billion in January 2021, according to the statistics released by the Central Bank of the United Arab Emirates.
The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on achieving gender-balanced boardrooms in the UAE.
The Sharjah Entrepreneurship Center (Sheraa), has announced two exciting opportunities for emerging entrepreneurs and startups to pitch their ideas to investors
In its report on the economic impact of cities, the council said that Dubai surpassed Doha and London, with tourists spending $16.8 billion and $16.1 billion, respectively, in the two cities.
The representatives of the thirteen members of the Opec led by Riyadh, and their 10 allies headed by Moscow, decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.