The initiative brings two major shifts: for residents, a new entry point into sovereign, Shariah-compliant savings; for the ...

The UAE Central Bank has lowered its base rate on overnight deposits by 25 basis points to 3.90%, following the US Federal ...

CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...

The UAE’s national currency, the Dirham, is getting a fresh new look! The Central Bank of the UAE (CBUAE) has officially introduced a brand-new symbol for the Dirham, reinforcing the country’s status ...

The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of ...

The United Arab Emirates has informed the secretariat of the Gulf Cooperation Council that it is pulling out of the proposed GCC monetary union, according to a report by the country’s official news ...

According to Sudanese central bank data, the UAE imported almost 90% of Sudan's legal gold exports, about 8.8 tonnes, in the ...

First Abu Dhabi Bank becomes the second yuan-clearing bank in the UAE, following the Agricultural Bank of China’s Dubai ...

The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, ...