A view of the headquarters of the UAE Central Bank in Abu Dhabi.
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.
In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central Bank of the UAE revealing that early recovery signs began to emerge in the second half of 2020.
The Central Bank of the UAE (CBUAE) announced on Thursday that, effective April 21, 2021, a new liquidity management facility (ILF) will be introduced as part of the implementation plan of the new Dirham Monetary Framework.
The non-oil trade between the UAE and China increased by 78.5 per cent from 2012 to 2021, totalling Dhs223.5 billion by the end of 2021 compared to Dhs125.1 billion in 2012.
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), saw a large turnout of visitors in its 24th edition.
Tesla CEO Elon Musk said the electric vehicle maker’s eagerly anticipated humanoid robot ‘Optimus’ would cost under $20,000 and cautioned it still had way to go before becoming fully functional.