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Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and Mamo E. Mihretu, Governor of the National Bank of Ethiopia (NBE), have signed a bilateral currency swap...
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached Dhs20.36 billion by the end of April 2024, marking a year-on-year (YoY) growth of around 12...
The total investments by banks operating in the country continued to rise steadily, reaching Dhs666.2 billion at the end of April 2024, registering growth of 0.3% on a monthly basis,...
The Central Bank of the United Arab Emirates (CBUAE) announced that monetary deposits increased by over 1.74 per cent or Dhs13.1 billion in April, reaching Dhs764 billion, compared to Dhs750.9...
The balance sheet of the Central Bank of the UAE (CBUAE) hit a record Dhs789.82 billion by the end of April 2024, for the first time of its history, a...
The Central Bank of the United Arab Emirates (CBUAE) has launched its “Zero Bureaucracy” initiative in the financial sector, aligning with the vision and objectives of the UAE Government’s wider...
Gulf Today, Staff Reporter The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its second regular meeting of...
The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial...
The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s...
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about Dhs13.8 billion during the first quarter of this year, according to the latest statistics from the Central Bank...
