by Jennifer George | September 17, 2024 | Banking, Central Banks, News
The UAE’s banking sector hits a record-high stockpile of liquid assets by the end of Q2 2024. The latest report by the Central Bank of the UAE (CBUAE) revealed that the UAE has accumulated more than AED800 billion in liquid assets. The value of liquid assets...
by Priyanka Sharma | September 10, 2024 | Banking, Central Banks, Fintech, News
In what is being seen as a milestone in banking, the National Bank of Ras Al Khaimah has executed a cross-border Central Bank digital currency payment. RAKBANK has now become one of the first banks in the United Arab Emirates to execute such a transaction. The trade...
by Vasu Jit Kalia | September 9, 2024 | Banking, Central Banks
Bank of Sharjah priced a $ 500 million senior unsecured bond in the international markets. The issuance received tremendous response from international investors, attracting orders that peaked at $1.4 billion. The bonds have a tenor of five years from the date of...
by Jibran Munaf | September 8, 2024 | Central Banks, News
Dubai Police will now provide employees of the UAE Central Bank with the Esaad card, following a memorandum of cooperation signed between the two authorities. The agreement grants Central Bank employees and their families access to exclusive discounts across a wide...
by Vasu Jit Kalia | September 3, 2024 | Banking, Central Banks
The Saudi Central Bank (SAMA), as per a press release, permitted three new FinTech startups to test their innovative solutions in SAMA’s regulatory sandbox. “XSquare” and “NeotTek” are authorized to launch an Open Banking platform, and...
by Jibran Munaf | September 1, 2024 | Central Banks, Currencies
The Qatar Central Bank (QCB) has announced the issuance of treasury bills totaling QR 4.5 billion (approximately $1.23 billion) across several maturities. These include periods of 7 days, 35 days, 91 days, 182 days, 273 days, and 336 days. Qatar Central Bank issued...
