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...

Afghanistan: Central Bank to ban use of Pakistani currency soon 

The Central Bank of Afghanistan has initiated the promotion of the Afghani currency in the country’s southwestern...

MSME Promotion Council has Taken Steps to Expand Presence in TN

Chennai (Tamil Nadu) [India], September 5: The MSME Promotion Council organized the MSME Business Scale-Up Summit in...

Central Bank of Afghanistan to auction USD 16 million today

The Central Bank of Afghanistan announced the auction of USD 16 million as the relative value of the American dollar...

Central Bank’s budget totalled AED650 billion for H1 2023

The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as...

CBUAE imposes financial sanction on exchange house

The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE,...

CBUAE revokes licence of Dirham Exchange and registration of RMB

The administrative sanctions are the result of the examinations’ findings conducted by the CBUAE, revealing serious...

Delhi Police nab couple accused of mortgaging same property

The Economic Offences Wing of Delhi Police on Saturday arrested an absconding couple accused of forging documents in...

INR as designated currency does not make it a legal tender: CBSL

The Central Bank of Sri Lanka (CBSL) has clarified certain misrepresentations of facts currently circulating in...

UAE: Central Bank raises base rate by 25 basis points

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

UAE one of fastest-growing economies in 2022: CBUAE

The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of...