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.
At the meeting, UK and Indian participants provided updates on recent developments in their respective banking sectors, discussing banking trends and emerging vulnerabilities and risks in the sector. The scope for augmenting knowledge of Central Banking Digital Currency (CBDC) through mut
The meeting was held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, DC from 10th to 16th April, and discussed key strategic issues and economic growth in the region, in addition to future prospects and fisca
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation to the Second Finance Ministers and Central Bank Governors (FMCBG) meeting of the Finance Track of the G20 for 2023, which was held on the sidelines of the 2023 Spring Meetings of the World Bank Grou
Sitharaman, who is on a week-long visit to the US, outlined initiatives to bolster the economic status of women during the IMF/World Bank Spring meetings. She appeared to highlight how the Modi Govt has been working with the idea of women-led development and not just women-centric develop
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
Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she co-chaired with Reserve Bank of India's Governor Shaktikanta Das.
Ukrainian President Volodymyr Zelensky made an appeal to the heads of the IMF and World Bank on Wednesday and renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine.
The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effects of the policy rate tightening so far.
The Union Finance Minister will be attending meetings with Finance Ministers and Central Bankers from across the world. The meeting is scheduled to take place today at IMF Headquarters in Washington.
Tunisia's Cumulative tourist revenues exceeded the 1 billion-dinar milestone in Q1 of 2023, climbing 64 per cent compared to the same period last year, according to data published by the Central Bank of Tunisia (BCT).
Union Finance Minister Nirmala Sitharaman is to embark today on an official visit to the United States where she will attend Spring Annual Meetings of the IMF-World Bank. She will begin her official visit to the US from April 10.