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India, UAE sign MoUs to promote use of local currencies for cross-border t
Updated : 2 years, 10 months ago IST
Prime Minister Narendra Modi said, "This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic collaboration and will make international financial interactions simpler."
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UAE hosts annual Egmont Group Plenary to discuss use of IT to enhance AML/
Updated : 2 years, 10 months ago IST
Under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), Khaled Mohamed Balama, Governor of CBUAE and Chairman of the UAE National Anti Money Laundering and Comba
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UAE's airports received 31.8 million passengers in Q1: CBUAE
Updated : 2 years, 11 months ago IST
The UAE airports received as many as 31.8 million passengers in the first quarter of 2023, an increase of 11.5 million passengers from the same period in 2022, when about 20.4 million passengers were recorded,
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India-UAE: Talks on Rupee-Dirham-based trade gathered pace, says Piyush Go
Updated : 2 years, 11 months ago IST
Union Commerce Minister Piyush Goyal said that the Reserve Bank of India and Central Bank of the UAE are in active dialogue for a Rupee-Dirham trade mechanism.
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CBUAE imposes administrative sanctions on 8 banks operating in UAE
Updated : 3 years ago IST
The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to grant any loans or credit facilities to the beneficiaries of loans granted by the NDDSF, including credit cards.
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As part of United Nations humanitarian aid, USD40 Million cash package arr
Updated : 3 years ago IST
Afghanistan's Central Bank, Da Afghanistan Bank (DAB) on Sunday announced that a fresh USD40 million cash package has reached Kabul amid the ongoing humanitarian crisis, and said this is the second cash shipment Kabul receives in less than four days, Khaama Press reported on Sunday.
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UAE, Morocco review strengthening financial, economic cooperation
Updated : 3 years ago IST
Alongside Al Hussaini, the meeting was attended by Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); and Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD); as well as several senior officials from both parties.
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Lebanon, six other states accuse Lebanese Central Bank governor of embezzl
Updated : 3 years ago IST
Riad Salameh, the long-serving Governor of the Central Bank of Lebanon has been accused by the relevant authorities of Lebanon, France, Belgium Germany, Switzerland, Luxembourg and Lichtenstein of financial crimes and of laundering more than USD 330 million.
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Central Bank of India profit jumps over 84 pc to Rs 571 crore in fourth qu
Updated : 3 years, 1 month ago IST
"Operating profit has shown a growth of 16.27 per cent on a year-on-year basis to Rs 2,108 crore for the fourth quarter of FY23 (Q4FY23) as against Rs 1,813 crore for the fourth quarter in FY22 (Q4FY22)," the bank said in a statement shared with exchanges.
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UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 3 years, 1 month ago IST
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the UAE delegation, which will include Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); Younis Haji Al Khoori, Undersecretary of Ministry of Finance; and Ibrahim Obaid Al Zaabi, CBUAE's A
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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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UAE Expert Group for AML/CFT deepens engagement with international partner
Updated : 3 years, 1 month ago IST
The UAE delegation, coordinated by the Ministry of Foreign Affairs and International Cooperation, also included representatives from the Executive Office for AML/CFT, Central Bank of the UAE, Financial Intelligence Unit of the UAE, Ministry of Economy, Ministry of Finance, Ministry of Justic
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