The UAE Central Bank has begun implementing its digital currency strategy, Digital Dirham, as it prepares the country’s infrastructure for the future of finance. It signed an agreement with Abu …
UAE Central Bank Digital Currency strategy launched
Following several successful CBDC initiatives including Project “Aber” with the Saudi Central Bank in 2020, which confirmed the possibility of using a digital currency issued by two central banks to …
UAE-India Investor Summit held in Srinagar
Srinagar/IBNS: A UAE-India Investor Summit took place in Srinagar city on March 19. Entrepreneurs from various emirates held meetings with representatives of the Jammu and Kashmir government, …
UAE-based financial sector reaffirms its commitment to spearhead sustainability goals ahead of COP28
Dubai, UAE – As global efforts to tackle climate change continue to gather momentum, pressure is mounting on the Middle East finance sector to play i …
UAE Participates In The GCC Common Market Committee Meetings
RIYADH,23rd March, 2023 (WAM) –The Ministry of Finance (MoF) of the United Arab Emirates participated in the GCC Common Market Committee meetings, held from March 19th to 21st at the headquarters of …
UAE Central Bank announces launch of ‘The Digital Dirham’ strategy
The Central Bank of the UAE (CBUAE) will be implementing its Central Bank Digital Currency (CBDC) strategy titled ‘The Digital Dirham’. In a joint signing ceremony with G42 Cloud and R3, CBUAE has …
The concerning message from UAE President’s close associate
The UAE was one of four Arab nations to normalize relations with … The report specifically cited the statements of Finance Minister Bezalel Smotrich, who said during a speech in Paris this week that …
Saudi, UAE investors plan to invest in SpaceX – The Information
The company and Morgan Stanley’s representatives have told investors that Saudi Arabia’s Water and Electricity Holding Company, part of the country’s sovereign wealth fund, and United Arab Emirates’ …
Israeli minister insults UAE as Arab-Israeli accords turn acrimonious
Emirati officials echoed that disapproval. “The UAE has condemned statements by Israeli Minister of Finance Bezalel Smotrich in which he denied the existence of the Palestinian people,” the UAE …
Dubai’s property investment deals see another high on Tuesday at AED2.3bn
Property investment deals in Dubai saw another high on Tuesday at AED 2.3 billion, reflecting the continued demand uptick in the emirate’s real estate sector. Tuesday’s property deals included 434 …
Dubai’s Annual Inflation Rate Rises to 4.9 percent Driven by Food, Beverage Prices
Dubai’s annual inflation rate increased to 4.9 percent in February, driven by a surge in food and beverage prices, according to data from the emirate …
Dubai International Financial Centre Launches Global Venture Studio Initiative to Attract Over USD544M in Venture Capital
(MENAFN) The Dubai International Financial Centre (DIFC) has launched its global venture studio initiative and signed agreements with banks and venture companies to attract over Dh2 billion ($544.5 …
UAE’s ‘Aa2’ Rating Affirmed by Moody’s as Non-Oil Sector Growth Bolsters Economic Diversification Efforts
Moody’s Investors Service has affirmed the UAE’s ‘Aa2’ long-term local and foreign currency issuer ratings with a stable outlook owing to the count …
In UAE, Chinese carmakers are gunning for market share as BYD, Exeed, Geely sign dealers
with 7-12% hikes Will UAE buyers get longer no-instalment periods, lower fees on car-finance? Dealerships hope so Aggressive on pricing, the Chinese car makes and their dealerships will be. Hongqi …
Dubai: Gold Prices Drop Ahead Of Fed Meeting On Interest Rates
Gold prices fell on Wednesday morning as some investors stayed on the sidelines ahead of the US Federal Reserve’s interest rate decision and policy …
Award Winning Finance Digital Marketing Agency Setups HQ In Dubai
DUBAI, UAE, March 22, 2023 /einpresswire.com / — youyaa , the award-winning finance digital marketing agency, is excited to announce the relocation of its headquarters to Dubai, UAE. The move comes …
Dubai launches 04 platform, connects residents with govt officials
the Dubai Government is expected to achieve annual financial savings exceeding Dhs1bn during the next five years and the elimination of nine million physical customer visits to service centres …