Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of …
UAE, Saudi investments in China surge in 2023
ALBAWABA – The value of acquisitions and investments by Gulf companies, including Saudi investments, in China has increased by more than 1,000 percent y …
India, UAE commit to fight against all types of terrorism
Prime Minister Narendra Modi and United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan reaffirmed their joint commitment against extremism and terrorism, including cross-border terrorism, …
India, UAE Sign MoU To Set Up Local Currency Settlement Framework In Bilateral Trade
The move comes amid India’s ongoing efforts to promote the use of the rupee for international transactions. In the past year, the government has actively encouraged the global use of the rupee.
India, UAE ask developed nations to fulfil USD 100 billion climate finance commitment
Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan on Saturday said there was an urgent need for developed countries to fulfil the USD 100 billion …
UAE, India’s Joint Statement After PM Modi’s Visit
The United Arab Emirates and India have issued a joint statement following the official visit made by Narendra Modi, Prime Minister of India, to the UAE today.
India, UAE Urge Developed Nations To Fulfil USD 100bn Climate Finance Commitment
Modi congratulated the UAE for being selected as the host country of COP28 in 2023 and extended his full support to its incoming presidency of the climate conference.
RBI, UAE’s central bank sign MoUs to promote local currencies, UPI for cross-border transactions
According to the MoUs signed, both of them would now help each other in establishing a common framework in promotion of the use of local currencies for cross-border transactions, while the other would …
UAE one of fastest-growing economies in 2022, says report
Central Bank of the UAE Financial Stability Report gives credit to the robust recovery in non-oil GDP and a sizable expansion of oil GDP …
UAE banking sector has strong liquidity buffers, says CBUAE
The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of the UAE financial system, which …
Dubai logs over AED1.9bn in realty transactions Friday
DUBAI, 14th July, 2023 (WAM) — Dubai’s real estate market recorded 465 sales transactions worth AED1.42 billion on Friday, in addition to 99 mortgage deals totalling AED304.35 million, and 10 gift …
StanChart to sell sub-Saharan Africa business to Access Bank
Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria’s Access Bank, putting into motion a plan announced last year to divest those …
UAE expats among happiest in the world: Report
The UAE’s easy visa policies, career opportunities and high standards of living help maintain its global position as an expat favourite UAE expats among happiest in the world: Report happiness, …
Step-by-step guide to buying a property in Dubai by Starling Properties
If you require financing, explore mortgage options available in Dubai. Contact local banks to understand their eligibility criteria, interest rates, and repayment terms. Determine the most suitable …
Emirates NBD, a Financial Services Group in MENA Region and Turkey, Launches Updated WhatsApp Banking Service
Emirates NBD, a banking group in the MENA region and Turkey, has launched an enhanced and upgraded version of its WhatsApp banking service.
Uae Police Warn Car Sellers Of Scammers Depositing Fake Cheques During Bank Holidays
Their modus operandi involves depositing fake cheque at ATMs, deceiving their victims into believing that the transactions are legitimate. Unsuspecting individuals, who are in the process of …
Banking, real estate blue chips drive UAE stock markets on Wednesday
In Abu Dhabi, Index FADGI closed at 9,621.620 points, while in Dubai, the main index ended at 3,987.07 points Banking, real estate blue chips drive UAE stock markets on Wednesday Abu Dhabi, Abu Dhabi …