The photo has been used for illustrative purposes.
According to the report, CBUAE noted that the UAE banking system remains strong, with sufficient capitalisation and liquidity reserves, solid financial performance and high operating efficiency.
The development is a major success of the Modi government's fight against black money.
The bank is owned by Ikano Group, it was spun off from IKEA in 1988 to the sons of the founder.
The Dubai property market is witnessing a remarkable recovery as an upward trend is noted in both the prices and demand for residential properties.
The last year was a very successful year for the Hamriyah Free Zone Authority (HFZA) in Sharjah, where it has continued to consolidate its position as a favored investment
Dubai’s business events sector and broader economy are poised to benefit from another year of successful bidding activity led by Dubai Business Events (DBE), the city’s official convention bureau.