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UAE Central Bank imposes fine of Dhs5 million on a bank v... - Gulf …
Sep 16, 2024 · The decision is pursuant to articles 89 and 137 of the Federal Decree Law No. (14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities and its amendments, and article 14 of the Federal Decree Law No. (20) of 2018 on Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations.
Air depression in Arabian Sea may intensify in to ‘tropic... - Gulf …
Oct 10, 2024 · An atmospheric depression is currently situated in the southern Arabian Sea, in proximity to the western Indian coast, as indicated by the National Centre for Meteorology (NCM).
Sheikh Hamdan visits injured UAE Armed Forces personnel a...
Sep 25, 2024 · Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, visited the injured UAE Armed Forces personnel receiving treatment at Zayed Military Hospital in Abu Dhabi.
UAE banking sector showcases resilience with strong capit...
Sep 26, 2024 · The Central Bank of the United Arab Emirates (CBUAE) issues its Financial Stability Report for 2023. The report provides a comprehensive assessment of the stability of the UAE financial system and its developments.
UAE continues drive to combat money laundering, terrorism …
Sep 29, 2024 · The United Arab Emirates has intensified its efforts to combat money laundering and terrorism financing, implementing effective measures to tackle financial crime in line with international best practices, further solidifying its global standing in the fight against financial crimes and illicit financing.
Sheikh Mohammed urges citizens, institutions and ministri...
Oct 31, 2024 · His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, called on ministries, institutions and citizens to raise the UAE flag on Friday (Nov.1) to mark UAE Flag Day.
Banks in UAE close 11 branches due to cost-reduction strategies
Oct 28, 2024 · A report by the Central Bank indicates that the number of bank branches operating in the UAE decreased from 493 at the end of the first half of 2023 to 482 by the end of the first half of 2024.
Federal Reserve cuts rates by half a percentage point UAE...
Sep 19, 2024 · The Fed cut the overnight rate to the 4.75%-5.00% range and policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75%-3.00% range.
Gold hits record high on softer dollar, rate-cut hopes - Gulf Today
Aug 16, 2024 · The dollar index fell 0.3% and was on track for a fourth week of losses, making gold more appealing for buyers overseas. “Gold surged to a fresh all-time high after two weeks of extremely choppy trading as bulls finally impose their will,” Tai Wong, a New York-based independent metals trader, said.