Browsing: Banking

The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dhs5 million…

Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) today, which will feature four separate issues of Treasury bonds.

Net international reserves in the UAE’s banking sector rose by 8.1%, or AED 92.3B, in H1 2024, reaching AED 1.238T by June’s end, compared to AED 1.145T in June 2023. The Central Bank’s June bulletin showed it held AED 769.7B of these reserves, a 14.3% rise from AED 673.42B at 2023’s end, while reserves of other banks reached AED 468.13B.

Central Bank of the UAE (CBUAE) reported that gross banks’ assets, including bankers’ acceptances, increased by 0.5% from AED 4.287T in May 2024 to AED 4.310T in June. Gross credit also rose by 1.1%, driven by a 0.8% increase in domestic credit and a 2.9% rise in foreign credit.

Bank of Sharjah has successfully priced a $500M senior unsecured bond in international markets. The issuance attracted significant interest from global investors, reaching an order book of $1.4B, nearly three times oversubscribed.

Saxo Bank, a prominent multi-asset trading and investment firm with operations in the UAE and…

RAKBANK and Edenred’s Collaboration to Advance Digital Remittance Solutions UAE – The United Nations Capital…

The Central Bank of the UAE (CBUAE) has issued an administrative penalty against an insurance company operating within the UAE, in accordance with Article 33 (2) (a) of Federal Decree-Law No. (48) of 2023, which governs the Regulation of Insurance Activities.

Orient Insurance, a prominent insurance company in the Middle East and a subsidiary of Al-Futtaim…

In a strategic move to guide firms through the expanding digital assets sector, the Institute…