The UAE central bank expects real gross domestic product growth of 7.6% this year, an upward revision of more than a percentage point, while lowering expectations for growth next year,
The Central Bank of the UAE has cancelled the registration of Al Fazaa Insurance Agent from the insurance agents’ register, in accordance with the provisions regulating the insurance agents businesses in force.
The UAE, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results
The typologies identified in the report include the risks of money laundering and terrorist financing, fraud, bribery, corruption, charity and disaster fraud, cyber-attacks and external fraud caused by the COVID-19 pandemic.
The Large-Value Payment Systems (LVPS) Regulation and the Retail Payment Systems (RPS) Regulation aim to promote robust financial infrastructure, which is essential for financial stability and consumer protection. They also facilitate the UAE’s international competitiveness.
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.
Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), on Monday conducted the first quarterly meeting this year with the CEOs of the largest banks operating in the UAE.
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) jointly announce on Tuesday the exchange of a Memorandum of Understanding (MoU)