(CBUAE) has introduced the fifth iteration of the Executive Certificate for Risk-Based Supervision Professionals. This initiative seeks to qualify and elevate the skills of supervisors, enabling them to identify potential risks and mitigate their impact on the financial system, thereby strengthening financial and monetary stability in the UAE.

Banking

ADCB Reports Q4 Net Profit Surge of 38%, Exceeding Forecasts

February 3, 2024

Abu Dhabi Commercial Bank (ADCB.AD) announced a 38% increase in fourth-quarter profit, surpassing analysts’ predictions.

Banking

ICAI’s 35th Seminar Abu Dhabi Chapter: ‘Innovision Empowering Next Gen’ Sparks Innovation

January 31, 2024

ICAI hosted the 35th Annual International Seminar, a dynamic event themed ‘Innovision Empowering Next Gen.’…

Banking

UAE Central Bank Fines Insurance Company $327,000

January 31, 2024

(CBUAE) has levied a financial penalty on an insurance company operating within the country.

Banking

Global Islamic Finance to Reach $4.9T by 2025

January 27, 2024

A senior Malaysian official, Yazrin Syakhairi, predicted that the global Islamic finance market would reach $4.9T by 2025. Syakhairi, from the Trade Section of the Consulate General of Malaysia in Hong Kong, highlighted the substantial and swift growth of the Islamic finance market, exceeding $2.2T in 2022.

Banking

RGE Closes $1B SLL and $1B SLD Deal with CBD and FAB

January 26, 2024

RGE, a Singapore-headquartered multinational group of resource-based manufacturing companies, today announced the closing of a…

Bahrain

Bahrain Central Bank: Treasury Bills Oversubscribed by 213%

January 23, 2024

The latest release of Government Treasury Bills amounting to BD 70M has experienced a 213% oversubscription, as reported by the Bahrain News Agency (BNA).

Banking