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The UAE is set to launch a Dirham-backed stablecoin through a joint initiative by IHC, ADQ, and First Abu Dhabi Bank (FAB), pending regulatory approval. The new digital currency will be issued by FAB under the oversight of the Central Bank of the UAE (CBUAE).

Dr Ali Rashid Al Nuaimi, Chairman of the Defence, Interior, and Foreign Affairs Committee in the Federal National Council (FNC), met today in Abu Dhabi with Nicolas Niemtchinow, the French Ambassador to the UAE. Their discussions focused on enhancing parliamentary cooperation to advance the mutual interests of both nations and their citizens.