DUBAI - The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world's largest pilot of central bank digital currencies (CBDC) transactions, with other regulators including the People's Bank of China's Digital Currency Institute. "The project mBridge dem...
Dubai, UAE, January 17, 2019:The Board of Directors of the Central Bank of the UAE, held its first meeting for 2019 following its restructuring, on 14th January 2019, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Hareb Masood Al Darmaki, the Chairman of...
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility, ODF, which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis. "The introduction of the O...
The Central Bank of the UAE, CBUAE, has announced that, effective from Thursday, 22nd March 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to...
The article presents information on six important executives associated with the development of Dubai World Central, an aviation and logistics center. They are Sheikh Ahmed bin Saeed al-Maktoum, President of Dubai Civil Aviation Authority, Khalifa Suhail al-Zaffin, Director of engineering and projects...
DUBAI, Dec. 16 (Xinhua) -- President of the United Arab Emirates (UAE) Sheikh Khalifa bin Zayed Al Nahyan on Sunday ordered a reshuffle of the central bank's board of directors, state-run WAM news agency reported. According to the presidential decree, Hareb Masoud Hamad Al Darmaki was app...
DUBAI (Bloomberg) -- Economic growth in OPEC’s third-biggest producer this year will fall far short of previous estimates and could undershoot the latest projections from the International Monetary Fund, according to the central bank of the United Arab Emirates. ...
Mr. Thabet Khamis, Director of Digital Security at the Central Bank of the UAE, said: “The organisation of the Cyber Wargame event confirms the keenness of the banking sector in raising defence capabilities ...
Location:The United Arab Emirates-Dubai Tel:+971 4 224 5555 Introduction DWC is located in the heart of the city's airport. The airport opened its cargo business on June 27, 2010, and then completed its passenger flights in October 2013. The airport has become the world's largest ...
DUBAI, Nov. 6 (Xinhua) -- The U.S. sanctions on Iran will not have any impact on the economy of the United Arab Emirates (UAE), UAE Central Bank Governor Mubarak Rashed Al Mansouri said Tuesday. "We don't expect (any) material impact due to Iran sanctions," Al Mansouri was quoted...