18 stories found
The UAE Central Bank has launched an urgent investigation into the local branches of Egypt’s Banque Misr following US warnings regarding potential money laundering and illicit dollar clearing activities. The regulatory action aims to ensure strict compliance with international financial standards amid growing cross-border banking scrutiny.
A foreign bank branch in the UAE has been fined Dh1.82 million by the Central Bank for failing to issue a customer's liability letter within the mandated seven-day period, emphasizing consumer protection.
The Central Bank of the UAE has issued a directive prohibiting the use of WhatsApp and other messaging applications for financial customer communications. This measure aims to enhance security and regulatory compliance in the financial sector.
The Central Bank of the United Arab Emirates announced plans to develop an electronic Know Your Customer (e-KYC) platform, aiming to streamline customer identification processes for financial institutions.
UAE central bank maintains benchmark interest rate Khaleej Times
The Central Bank of the UAE has stated that the country's financial sector remains strong and resilient despite ongoing regional conflicts.
Egypt’s Banque Misr and the United Arab Emirates’ central bank are conducting urgent reviews of a recent U.S. notice regarding Iran sanctions. Financial institutions in both nations are assessing compliance requirements to mitigate potential regulatory risks.
The Central Bank of the UAE has imposed a significant AED20 million fine on a foreign bank's UAE branch due to serious and recurring failures in its anti-money laundering and counter-terrorist financing systems.
The Central Bank of the UAE (CBUAE) has announced a significant surge in Emiratisation rates across the financial sectors, successfully surpassing its targets set for 2025.
The UAE Central Bank has chosen Vermeg to develop and implement its new debt and Sukuk market platform.
UAE Central Bank steps in to shield banking system as conflict tests markets Khaleej Times
The Central Bank of the UAE has introduced the world's first sovereign financial cloud services infrastructure, powered by AI, to secure its digital financial sector and ensure national control over data.
The central banks of India and the United Arab Emirates are reportedly holding discussions regarding foreign exchange deposit issues.
The UAE has become the first country to grant a Stored Value Facilities (SVF) license to a cryptocurrency platform, enabling regulated digital asset payments for residents, including government fees.
The UAE Central Bank has announced a tightening of its Anti-Money Laundering (AML) rules, aiming to meet international compliance standards and combat financial crime.
Japan and the United States are set to discuss joint development of rare earths, indicating a strategic collaboration in critical mineral resources.
The UAE Central Bank projects the country's Gross Domestic Product (GDP) to grow by 5.6% in 2026, maintaining the same growth rate as the previous year.
The Central Bank of the UAE has introduced new rules governing the use of artificial intelligence in the financial sector, aiming to enhance consumer protection and ensure responsible AI deployment.