2.4 You must not use the name or logo of the Central Bank of the UAE in any advertisement or public announcement or any form of documents or records or communication (whether verbal or written or electronic or otherwise) without the Central Bank’s prior written consent. The Central Bank of the UAE (CBUAE) advises caution against responding to fraudulent e-mails and internet postings purporting to be legitimate CBUAE communications and postings. Dubai: The UAE Central Bank on Sunday set up a facility to support liquidity in the banking system, saying it "stands behind" local and foreign banks operating in the country. All rights reserved. “We expect the economic conditions in the UAE and the region generally to remain challenging in the near term, which would likely limit credit and earnings growth and also result in higher non-performing loans (NPLs),” said Asad Ahmed, A&M Managing Director and Head of Middle East Financial Services. Profitability and asset quality to remain under stress. Both on your website and other media. DUBAI: Regional and international investors will be “relieved” after the Saudi budget 2021 announcement, Sachin Kerur, Head of Middle East at international law firm Reed Smith told Arab News. The Central Bank of the UAE (CBUAE) advises caution against responding to fraudulent e-mails and internet postings purporting to be legitimate CBUAE communications and postings. The Maldives Heritage Week activities last five days (Sunday to Thursday), and aims to transport heritage lovers, researchers, and specialists on a journey through the history,... Burj Khalifa: The tallest building in the world, UAE Football Association signs agreement with Latvian Football Federation, National Geographic Abu Dhabi, Almarai’s 2020 ‘Moments’ competition announces shortlist, US COVID-19 infections surpass 25 million, OPEC daily basket price stood at $54.69 a barrel Friday. SAMA and CBUAE Issue Report on Results of Joint Digital Currency Project "Aber" 29/11/2020 12:00 PM In a joint statement, the Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) announce the results of "Aber" Project. Update on UAE Central Bank regulation of merchant fees. The updated regulatory guidelines apply to local Fintech companies and … NEW YORK, 25th January, 2021 (WAM) -- The United States has strongly condemned the latest attack on Riyadh, Saudi Arabia. The Decree also... LONDON, 25th January, 2021 (WAM/Reuters) -- More than 98.77 million people have been reported to be infected by the novel coronavirus globally and 2,123,871 have died, according to a Reuters tally on Monday. Private jets movements at Dubai South increased 21% in 2020 compared to 2019. BoAML analysts believe the vaccine provides a realistic chance that the travel & tourism sector (including attendance at the EXPO) and trade could rebound more strongly than currently anticipated. The Central Bank of the UAE (CBUAE) announced today that a new securities issuance program to licensed financial institutions and eligible investors, named … The... ADFD finances 90 renewable energy projects worth AED 4.7bn over a decade, Sharjah Ruler issues Decree to amend several EPAA bodies, Worldwide coronavirus cases cross 98.77 million, Russia reports 19,290 new coronavirus cases, 456 deaths. The regulator said the bills will be issued to help manage liquidity within the UAE's banking sector and to develop a secondary market for the securities, which will contribute to the long-term goal of a risk-free pricing benchmark for dirham-denominated debt. The CBUAE is not a retail bank and we do not carry out transactions or hold funds for members of the public. Organised under the patronage of Dubai Crown Prince and Chairman of The Executive Council of Dubai, H.H. On the banking side, while margin compression is expected to abate, there is little scope for expansion as Fed rates are set to remain near zero per cent. The news that multiple, highly effective vaccines have been developed to protect against COVID-19 is particularly pertinent to the UAE. US strongly condemns latest attack on Saudi Arabia. Banks in Kuwait advanced on potential resumption of dividend.The DFM General Index fell as much as 1.6% on Sunday before trimming the losses to 0.7% at close. The aerospace hub also recorded a steep 78 percent growth of private jets movements in Q4 2020 compared to the same period in 2019 due to the government’s measures in combating the spread of COVID-19. Russia reported 19,290 new daily cases, including 2,382 in Moscow, taking the national tally to 3,738,690. The Central Bank of the UAE (CBUAE) has launched an AED100 billion comprehensive targeted economic support scheme for retail and corporate customers affected by COVID-19. The CBUAE is not a retail bank and we do not carry out transactions or hold funds for members of the public. DUBAI, 24th January 2021 (WAM) - The judging committee of the fourth edition of the Taqdeer Award today announced that 91 workers and companies have been selected as winners across five categories of the Award. “Almost every day I hear complaints from someone who has one … Given the persistence of risk factors from 2020, market expectations remain tepid with the IMF forecasting 2021 GDP growth of just 1.3 per cent in the UAE following a contraction in excess of 6 per cent in 2021. As we work to de-escalate tensions in the region through principled diplomacy, including by bringing an end to the war in Yemen, we will... Masdar’s Youth 4 Sustainability Virtual Forum prepares next generation of sustainability leaders. DUBAI, 24th January, 2021 (WAM) -- The ENOC Group has won the prestigious "Sword of Honour" award from the British Safety Council. Dubai: The UAE banks are expected to face a much lesser volatile operating environment in 2021 compared to last year, however, the lingering impact from 2020 will continue to pressure profits and asset quality, according to analysts. The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) clarified in a joint statement that one of the objectives of launching the common digital currency project " Aber" is for use in financial settlements between the Kingdom of Saudi Arabia and UAE through Blockchains and Distributed Ledgers technologies. Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019. VIENNA, 25th January, 2021 (WAM) -- The price of OPEC basket of thirteen crudes stood at US$54.69 a barrel on Friday, compared with US$55.14 the previous day, according to OPEC Secretariat calculations. Their analysis showed lower interest rate environment continued to pressure banks’ asset yield. Present were Mohammed Abdullah Hazzam Al Dhaheri, UAEFA's Secretary-General, and the members of delegation accompanying the President of the LFF. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree No. Under the patronage of His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Youth 4 Sustainability (Y4S), a Masdar outreach initiative, invests and actively... SHARJAH, 25th January, 2021 (WAM) -- The Maldives Heritage Week was officially launched on Sunday, 24th January at the Cultural Heritage Centre Al Bait Al Gharbi, in the heart of Sharjah. 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