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Inayat-ur-Rahman, Business Editor According to Ernst & Young (EY), there were 557,000 SMEs in 2022, with approximately 366,000 Small & Medium Enterprises (SMEs) in the mainland as per Mint’s...
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Perry Warjiyo, Governor of Bank Indonesia, signed a Memorandum of Understanding supporting the steady growth of trade relations...
The total foreign assets of the Central Bank of the UAE (CBUAE) surpassed the Dhs700 billion mark at the end of February 2024, for the first time in its history,...
The Central Bank of the UAE (CBUAE) has partnered with Accenture to implement a range of transformative services for the CBUAE’s Supervisory Technology (SupTech) initiative and the Enterprise Data Management...
UAE banks’ investments exceeded Dhs640 billion by the end of January 2024, achieving the highest level in its history, according to the latest statistics from the Central Bank of the...
The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch Dhs734.61 billion at the end of January 2024, marking a significant surge in its...
The UAE insurance sector continued to grow in the fourth quarter of 2023 (Q4, 2023), as reflected by increase in the gross written premiums. As of year-end, the number of...
The Central Bank of the United Arab Emirates (CBUAE) expects the country’s Gross Domestic Product (GDP) to grow by 4.2 per cent in 2024, rising to 5.2 percent in 2025,...
Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in...
The assets of Islamic banks operating in the UAE exceeded Dhs700 billion for the first time in history at the end of 2023, according to the latest statistics from the...