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UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 3 years ago IST
Al Hussaini emphasised the significance of these meetings in offering a robust platform for exchanging views and discussing the most prominent financial and economic topics and developments in the Arab region.
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Islamic banks' assets amounted to AED 620.9 billion by end of January 2023
Updated : 3 years, 1 month ago IST
The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED 383.36 billion in January 2022, and an increase of nearly AED 13.3 billion in 12 months.
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RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 3 years, 2 months ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
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