Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Preparatory Committee for the UAE’s participation in COP29, has stressed the importance of …
UAE’s banking sector net international reserves increase by 8.1 per cent in H1 2024
Net international reserves of the UAE’s banking sector increased by 8.1 per cent, or Dhs92.3 billion, during the first half of 2024 (H1 2024), …
UAE central bank approves digital asset custodial risk insurance product
UAE introduces digital asset custodial risk insurance, boosting its position as a leading crypto hub with enhanced consumer protection measures.
National Bank of Fujairah wins two awards at MEA finance leaders in payments Awards 2024
National Bank of Fujairah (NBF) has won two awards at the prestigious MEA Leaders in Payments Awards 2024, including “Best Real-Time Payments Implementation” and “Best Payment System Implementation”, …
UAE’s banking sector net international reserves increase by 8.1% in H1 2024
The Central Bank of the UAE’s June statistical bulletin, issued today, showed that the Central Bank accounted for AED769.7 billion of the sector’s net international reserves at the end of June …
UAE banking sector reports 10.6% growth in capital, reserves, investments
Total capital and reserves of banks operating in the UAE reached AED495.2 billion at the end of June 2024, new data by CBUAE said …
UAE bank close to acquiring $5b stake in Indian bank
A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions of dollars, according to the U..
Moody’s ratings upgrades United Arab Bank’s deposit ratings to Baa3, outlook remains positive
The upgrade of UAB’s deposit ratings to investment grade (Baa3) reflects the bank’s improved asset quality and profitability metrics …
UAE banks’ capital, reserves hit $134.93bln
The capital and reserves of banks operating in the country increased on a monthly basis by 1.5%, while during the first half of this year, it increased by 1.2% …
DIFC leads projects to assist flow of wealth and AM firms
The Middle East, Africa, and South Asia (MEASA) region’s global financial hub, Dubai International Financial Centre (DIFC), has made a number of initiatives that strengthen its standing as the most …
From council estate to Dubai: millionaire shares five rules for success
Dr Byron Cole went from a council estate to becoming a multimillionaire and he shared the five simple rules he followed that helped him build his massive fortune …
UAE: Montenegrin expat shares her secrets to smart money management
Dr. Jelena Janjusevic, 45, spends her life talking about money as head of accountancy, economics and finance at Heriot-Watt University’s Dubai campus. We t..
UAE banks’ capital, reserves hit over Dh495 billion
The CBUAE explained that banks’ capital and reserves do not include subordinated borrowings/deposits, but do include the current year’s profits …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
Abu Dhabi bank on the prowl: UAE Ambassador’s comments spark Yes Bank buyout rumours
An Abu-Dhabi based bank is likely to purchase a significant stake in an Indian bank, UAE Ambassador to India Abdulnasser Alshaali told CNBC TV-18, triggering speculation the target is Yes Bank. The …
UAE: Dh5-million loan helps farmers grow all kinds of food
A bank is giving both Emirati and expat farmers in the country the loan with the option to repay in instalments over several years to ensure food security …