Browsing: cbuae

Cryptocurrency firms in the UAE are applauding the Central Bank of the UAE’s (CBUAE) recent…

The Central Bank of the United Arab Emirates (CBUAE) anticipates the country’s strong foreign trade performance to continue into 2024 and 2025, maintaining a projected growth rate for the UAE’s real GDP at 3.9 per cent in 2024, with expectations for it to further accelerate to 6.2 per cent in 2025.

The balance sheet of the Central Bank of the UAE (CBUAE) reached a record AED 771.23B by the end of March 2024, marking a 30% increase year-on-year from approximately AED 594.12B in March 2023, as reported by the CBUAE today..

UAE Sustainable Finance Working Group (SFWG) has introduced the ‘Principles for Sustainability-Related Disclosures for Reporting Entities’ as part of a collaborative effort among UAE regulatory bodies to enhance sustainability-related disclosure requirements for financial institutions in line with international standards. This initiative aligns with the declaration of 2024 as the ‘Year of Sustainability’.

The Central Bank of the UAE (CBUAE), in collaboration with the Bank for International Settlements Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the People’s Bank of China, has launched the Minimum Viable Product (MVP) platform of the mBridge project – a multi-central bank digital currency (CBDC) common platform for wholesale cross-border payments and settlement. This marks the debut of the first multi-CBDC platform to reach the MVP phase, ready for use by early adopters.

The UAE is ushering in a new era for debit cards with the rollout of…

UAE banks’ investments exceeded the AED 650M mark by the end of February 2024, reaching their highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has entered into a partnership with Core42 to commence the implementation of Open Finance across the nation.

Al Ansari Exchange, a branch of Al Ansari Financial Services, is set to utilise Aani, an instant payment platform designed to revolutionise digital payments. This move follows a partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE).

(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.