Gross banks' assets exceed AED 4.2 trillion milestone in February

Gross banks' assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time...

Al Etihad Payments launches Open Finance to strengthen UAE

The signing ceremony was attended by Khaled Mohamed Balama, Governor of the CBUAE, which was signed by Fatma Al...

Aggregate capital, reserves of UAE-based banks increase to AED500

The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at...

UAE: Banking sector sees surge in new savings deposits

Savings deposits in the UAE's banking sector, excluding interbank deposits, attracted around AED 25 billion to...

UAE: CBUAE maintains Base Rate at 5.40 pc

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit...

UAE: CBUAE reports 8.6 percent growth in cash deposits in 12 mon

The cash deposits increased by 7.35 percent during the first 11 months of the previous year, reaching around...

UAE banking sector demonstrates resilience amid global challenges

Saleh attributed this success to the effective strategies implemented by the Central Bank of the UAE (CBUAE),...

UAE: CBUAE maintains Base Rate at 5.40 per cent

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit...

UAE: CBUAE enhances Emiratisation efforts in financial sector

As part of its commitment to the UAE's Emiratisation agenda, the Central Bank of the UAE (CBUAE) will participate in...

UAE: Sharjah Ruler receives CBUAE Governor and EIF’s BoD

Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received, on Monday, morning,...

NPCI, UAE Etihad payments ink MoU for cross-border remittances

This MoU will facilitate the users of both countries, which would be as seamless as a domestic transaction using...

CBUAE lifts monitoring imposed on bank operating

The Central Bank of the UAE (CBUAE) announced the conclusion of administrative measures it had previously imposed on...