Browsing: Central Bank UAE

The United Arab Emirates has reinforced its commitment to multilateral financial collaboration by participating in…

The Central Bank of the United Arab Emirates (CBUAE) has suspended a UAE-based bank from…

The Central Bank of the United Arab Emirates (CBUAE) reported a substantial 19.3% increase in…

The UAE has introduced a revised Emiratisation strategy for the period 2027–2030, aiming to achieve localisation levels of between 50 and 60 per cent across insurance companies, with targets adjusted based on the size of the organisation.

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).

Central Bank of the UAE has levied a financial penalty on a bank operating within the country after discovering breaches of regulations and compliance standards.

The Central Bank of the UAE (CBUAE) has revised its GDP growth outlook for 2024, expecting a 5.7% expansion, up from the previous projection of 4.3%.