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UAE Central Bank revokes Muthoot Exchange licenceThe Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No (14) of 2018 regarding th More… |
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UAE Central Bank balance sheet hits AED734.6bnThe Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch AED734.61 billion at the end of January 2024, marking a significant surge in its financial strength. Compared with More… |
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UAE Central Bank balance sheet soars 30.4%The Central Bank of the United Arab Emirates' (CBUAE) balance sheet soared to AED670 billion at the end of November 2023, a robust 30.4% year on year (YoY) increase compared to AED513.61 billion in November 2022. More… |
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Amazon Payment Services obtains retail payment licenceAmazon Payment Services, a regional leader in digital payments operating across the Middle East and North Africa (Mena) region, has been granted a Retail Payment Services licence by the UAE Central Bank. More… |
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Amazon Payment Services obtains retail payment licenceAmazon Payment Services, a regional leader in digital payments operating across the Middle East and North Africa (Mena) region, has been granted a Retail Payment Services licence by the UAE Central Bank. More… |
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UAE Central Bank’s budget surges to $177bn for H1The Central Bank of the UAE's public budget reached an all-time high of AED650 billion ($177 billion) by the end of June 2023, reported Wam citing the latest fiscal report. The report for June 2 More… |
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UAE Central Bank's assets surge 4.2pc to $135bn in JulyThe UAE Central Bank said its balance sheet rose to AED495.54 billion ($134.8 billion) in July, a year-on-year increase of 4.2 percent (or AED19.93 billion), compared with AED475.61 billion in July 2021. Accord More… |
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UAE cbank launches new website with various servicesThe Central Bank of the UAE (CBUAE) has launched a new corporate website with various interactive digital services to achieve its vision to be among the top central banks globally in promoting monetary and financial stability. The More… |
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UAE cbank issues new terms for credit, liquidity insuranceThe Central Bank of the UAE (CBUAE) will introduce new general terms and conditions for its standing credit and liquidity insurance facilities as part of its Dirham Monetary Framework implementation plan. Under the new terms, lice More… |
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UAE, Iraq partner to enhance banking supervisionThe Central Bank of the UAE (CBUAE) and the Central Bank of Iraq (CBI) have signed a memorandum of understanding (MoU) to enhance cooperation on banking supervision matters. The MoU covers three main areas, including control and s More… |
