Officials of Emirates Development Bank and First Abu Dhabi Bank sign the Memorandum of Understanding.
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 gross bank assets, including bankers’ acceptances, rallied to Dhs3.172 trillion by the end of January 2021, figures by the Central Bank of the UAE have shown.
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 stock market can be a great way to do it, but it comes with its own set of risks and rewards. With the ever-changing economic situation across the globe, it becomes mandatory to invest wisely and safely for a better future.
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.