Top officials during the signing ceremony in Ajman.
Ajman Bank, one of the Shariah compliant banks in the UAE has signed a memorandum of understanding with the Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, to
"The e-commerce sector has been integral to our success, especially considering its rapid growth in the country. AFZ recognises the importance of having advanced logistics facilities installed in strategic locations for broad outreach and market penetration..."
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 UAE topped the consumer demand for gold in the Arab world, with a share of 34.1%, out of Dhs162.2 billion, the total consumer demand for Saudi Arabia, the UAE, Kuwait and Egypt.
The study underlined the importance of Dubai Chamber of Digital Economy’s efforts, and the collaboration between various stakeholders and digital startups, to firmly position Dubai as the next digital economy capital of the world.
The Central Bank of the UAE’s (CBUAE) Direct Debit System (UAEDDS) allows residents of Dubai with an automatic payment in an effort to facilitate recurrent bills from their bank accounts.