Browsing: Central bank of UAE

Business

UAE Industrial Sector Boosted by Strong Bank Financing

The UAE’s industrial sector has witnessed significant growth in financing, with strong backing from both government and private entities. This collaboration is crucial for driving industrial expansion and achieving the ambitious goals of the “Operation 300 Billion” initiative, as highlighted by the Central Bank of the UAE (CBUAE).

Business

Islamic Finance in the UAE: Rapid Growth, Leadership in Sustainability

The UAE’s Islamic finance sector benefits from a dynamic economy and advanced regulations supporting Sharia-compliant activities. Since the establishment of the first Islamic bank in 1975, the sector has significantly grown, now representing a vital part of the national economy. It includes Islamic banks, Islamic windows in conventional banks, and sukuk (Islamic bonds), all of which have expanded both domestically and internationally.

Business

Mansour bin Zayed chairs Financial Stability Council meeting

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Financial Stability Council, presided over the Council’s second meeting of 2024 in Abu Dhabi.