Search For "uae banking"
UAE banking sector resilient, stable amid regional developments: Emirates
Updated : 2 months, 1 week ago IST
In a press statement, Khaled Mohamed Balama, Governor of the UAE's central bank, said banks, financial institutions, and insurance companies across the United Arab Emirates continue to operate normally and are providing services efficiently and without disruption nationwide.
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India not affected by the new fee for DirectRemit to key countries by Emir
Updated : 10 months, 3 weeks ago IST
Emirates NBD has clarified that its DirectRemit service will continue to offer free international transfers to major remittance destinations such as India, Pakistan, Egypt, and the Philippines, as reported by the Gulf News.
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Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digit
Updated : 1 year, 5 months ago IST
Singapore, December 23: Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio, a pioneer in the core banking technology service provider. The agreement represents the collaboration for implementation of the core and digital banking solution
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UAE banking sector hits all-time-high of AED502.6 billion in capital, rese
Updated : 1 year, 6 months ago IST
A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time.
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Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four
Updated : 1 year, 10 months ago IST
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED 45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 11 months ago IST
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2 per cent, or AED172.8 billion, compared to approximately AED613.8 billion at the end of Q12023.
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UAE: Banking sector sees AED 25 billion surge in new savings deposits over
Updated : 2 years, 1 month ago IST
Savings deposits in the UAE's banking sector, excluding interbank deposits, attracted around AED 25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED USD 245.54 billion in January 2023, with an annual growth of 10.2 per cent, according to the latest stat
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UAE banking sector demonstrates resilience amid global challenges
Updated : 2 years, 4 months ago IST
Saleh attributed this success to the effective strategies implemented by the Central Bank of the UAE (CBUAE), establishing frameworks for sustained sector growth
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UAE: Banking for tech startups to be enhanced in Abu Dhabi
Updated : 2 years, 10 months ago IST
Hub71, Abu Dhabi’s global tech ecosystem, and Wio Bank, the region’s first platform bank, have launched a strategic partnership to transform the banking experience for startup founders in the capital.
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UAE banking sector capitalised with adequate liquidity buffers: Report
Updated : 2 years, 10 months ago IST
The report discusses global and local macroeconomic conditions, and domestic asset markets, and provides a detailed assessment and evaluation of the UAE banking system. This is in addition to outlining the variety of tools deployed by the CBUAE as part of its macroprudential mandate, as well
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