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Banking & Finance

UAE Government launches KYC platform for enhanced financial data

MEA Finance - 0
The UAE central bank will oversee and regulate the operations of the company managing the KYC platform
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Banking & Finance

UAE central bank advances cross-border open finance with ‘Project Aperta’

MEA Finance - 0
Project Aperta is a prototype of a trusted network connecting open finance infrastructures from multiple jurisdictions
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Banking & Finance

CBUAE publishes monetary, banking developments for March 2024

MEA Finance - 0
The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024
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Banking & Finance

UAE central bank maintains the base rate at 5.40%

MEA Finance - 0
The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year
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Banking & Finance

UAE’s du secures licences to offer fintech services

MEA Finance - 0
The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era
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Banking & Finance

UAE financial system more secure, efficient than ever before, says CBUAE

MEA Finance - 0
The total number of ATMs of banks operating in the UAE reached 4,654 in 2023
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Banking & Finance

Sheikh Mansour makes first cross-border payment using digital currency

MEA Finance - 0
Sheikh Mansour made the payment while attending a celebration marking the CBUAE’s 50th Anniversary
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Banking & Finance

UAE central bank joins Gulf Payments Company’s AFAQ

MEA Finance - 0
AFAQ offers the service of executing financial transactions in local currencies to customers across the region in real-time with lower fees.
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Banking & Finance

UAE banks pledge AED 1 trillion in green finance at COP28

MEA Finance - 0
The country’s banking federation seeks to accelerate progress in this domain by fostering a business environment that encourages competitive, active and sustainable finance.
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Banking & Finance

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

MEA Finance - 0
The UAE’s domestic card scheme is scheduled to launch in early 2024 and it will facilitate the growth of e-commerce and digital transactions.
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