During an annual gathering of central bankers hosted by the European Central Bank (ECB) in Sintra, Portugal, US Federal Reserve Chairman Jerome Powell indicated that further interest rate hikes were not off the table.
The United Arab Emirates (UAE) has experienced one of the fastest growth rates in the world, according to the Central Bank of the UAE. In a recent report, the Central Bank revealed that the country’s economy grew by 5.2% in 2021, despite the challenges posed by the COVID-19 pandemic. The UAE has been making steady […]
Despite the challenges faced by the global economy, the Central Bank of UAE (CBUAE) expects the country’s GDP to rebound in 2024
The acquisition of Arabian Scandinavian Insurance Co. (ASIC) by Sukoon Insurance is a strategic move that will enable the Dubai-based insurance provider to expand its offerings and strengthen its position in the local market.
The signing of the MoU between the DFSA and CBB is expected to help promote greater economic and financial ties between the UAE and Brunei Darussalam, and to enhance the regulatory framework for the banking and financial services industry in both countries.
The United Arab Emirates (UAE) Central Bank has announced plans to issue a central bank digital currency (CBDC) as part of its financial transformation program. This move represents a significant step forward for the UAE in terms of digitizing its economy and modernizing its financial system. In a recent announcement, the CBUAE introduced the FIT program […]
