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UAE ranks world’s fourth largest Islamic finance market: CBUAE

19 Feb 2024

The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC), Southeast Asia, and South Asia. The UAE...

CBUAE revokes licence of ‘Smart and Secure Insurance Agent’

06 Feb 2024

The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent (Smart and Secure), an insurance agent operating in the UAE, and struck its...

UAE imposes Dhs 1.2 million financial sanction on insurance company for violating laws

30 Jan 2024

Gulf Today, Staff Reporter The Central Bank of the UAE (CBUAE) imposed a financial sanction on an insurance company operating in the UAE, pursuant to Article 14 of the...

CBUAE issues monetary and banking developments

16 Jan 2024

The Central Bank announced that the Money Supply aggregate M1 decreased by 0.2%, from Dhs 799.3 billion at the end of October 2023 to Dhs 797.4 billion at the end...

Growth indicators of insurance sector in UAE reflect a dynamic and active market: CBUAE

27 Dec 2023

The insurance sector in the UAE witnessed growth and expansion across various key indicators during 2022, according to a report by the Central Bank of the UAE, reflecting a...

UAE Central Bank raises its growth projections for national economy in 2024 to 5.7%

21 Dec 2023

The Central Bank of the UAE (CBUAE) has raised its forecast for the Gross Domestic Product (GDP) growth for the UAE in the coming year, 2024, to 5.7 per...

CBUAE posts 10% growth in cash deposits to Dhs687.2b in October

20 Dec 2023

The Central Bank of the UAE (CBUAE) released data showing cash deposits surged to Dhs687.2 billion this October, marking a substantial annual increase of 10.2 per cent, or Dhs63.7 billion,...

Green and sustainable financing on the rise: UBF

14 Dec 2023

Jamal Saleh, Director-General of the UAE Banks Federation, said that the total amount of green and sustainable finance in the country will grow significantly by the end of this year,...

CBUAE announces results of COP28 UAE TechSprint initiative

04 Dec 2023

The Central Bank of the UAE (CBUAE) today announced the results of the COP28 UAE TechSprint initiative on Finance Day at COP28. Launched by CBUAE, COP28 Presidency, the Bank for...

UAE banking sector to mobilise over Dhs1 trillion in sustainable finance by 2030

04 Dec 2023

Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, on Monday organised an event to facilitate...

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