Company Insights Central Bank of the United Arab Emirates Banking and Finance Central Bank of the United Arab Emirates News Analysis Banking and Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022 Opinion Banking and Finance Crypto consumers need protection – and they can find it here The UAE wants to be a global crypto hub and a flurry of laws have set it on the right path. Consumer safeguards are a vital part of this plan September 5, 2022 Banking and Finance Saudi Arabia hires new head for digital currency programme Saudi Central Bank (SAMA) has appointed Mohsen Al-Zahrani to head its digital currency programme, Bloomberg reported. The kingdom had taken a conservative approach on virtual assets until now, given their speculative nature, the report quoted unnamed sources as saying. Neightbouring Gulf state, the United Arab Emirates, has taken the lead to become a global crypto […] September 5, 2022 Banking and Finance UAE bank deposits rise 2.5% to $569bn in June 2022 Total deposits in UAE banks increased by 2.5 percent to AED2.09 trillion ($569 billion) at the end of June 2022 from AED2.04 trillion at the end of May 2022, according to the Central Bank of the United Arab Emirates. The growth in total bank deposits was due to a 2.6 percent rise in resident deposits […] September 1, 2022 Tech Dubai ranks 18th in new index of top digital cities Dubai is the only Middle Eastern city to be highlighted in the Digital Cities Index (DCI) 2022 – a new ranking of 30 global cities across four key pillars: connectivity, services, culture and sustainability. Ranked 18th with an overall score of 63.8, the city’s position highlights its forward-thinking approach to the digitised economy, underpinned by […] August 5, 2022 Opinion Real Estate UAE real estate is a good inflation bet While interest rates rise and house prices fall globally, the Emirates is bucking the trend July 15, 2022 Banking and Finance Zand unveils big names as UAE’s digital banking rivalry hots up Zand, the digital bank headed by Emaar boss Mohamed Alabbar, has named a number of business big hitters as part of its board of directors ahead of its launch. Adnan Abdulfattah Kazim Abdulfattah, Emirates chief commercial officer, and Yusuff Ali MA, chairman of retail giant Lulu Group, are part of the new venture as competition […] July 5, 2022 UAE economy’s growth for 2022 upgraded to 5.4% The UAE economy is set to grow by 5.4 percent this year, driven by the country’s success in containing the economic impacts of the coronavirus pandemic, according to the Central Bank of the UAE (CBUAE). The figure is higher than the 4.2 percent real gross domestic product (GDP) growth estimate made by the bank in April. […] June 7, 2022 Banking and Finance Why Pyypl power will accelerate MENA fintech growth The founder and CEO of Pyypl tells AGBI about ambitious expansion plans for the UAE-based company Already one of the fastest-growing fintechs in the Middle East and Africa region, UAE-based Pyypl is planning to “inject more petrol into the tank” in a new phase of expansion. Antti Arponen, founder and CEO, told AGBI that the […] June 1, 2022 Analysis Banking and Finance UAE needs bigger but fewer banks, says expert The United Arab Emirates (UAE) has too many banks and the sector needs to see more consolidation, especially as profits are squeezed and costs continue to rise, an industry expert told AGBI today. “I think it would be helpful to have fewer banks [in the UAE]. I have been an advocate of that,” Asad Ahmed, […] May 20, 2022 Posts navigation Previous 1 … 7 8 9 Next
Analysis Banking and Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022
Opinion Banking and Finance Crypto consumers need protection – and they can find it here The UAE wants to be a global crypto hub and a flurry of laws have set it on the right path. Consumer safeguards are a vital part of this plan September 5, 2022
Banking and Finance Saudi Arabia hires new head for digital currency programme Saudi Central Bank (SAMA) has appointed Mohsen Al-Zahrani to head its digital currency programme, Bloomberg reported. The kingdom had taken a conservative approach on virtual assets until now, given their speculative nature, the report quoted unnamed sources as saying. Neightbouring Gulf state, the United Arab Emirates, has taken the lead to become a global crypto […] September 5, 2022
Banking and Finance UAE bank deposits rise 2.5% to $569bn in June 2022 Total deposits in UAE banks increased by 2.5 percent to AED2.09 trillion ($569 billion) at the end of June 2022 from AED2.04 trillion at the end of May 2022, according to the Central Bank of the United Arab Emirates. The growth in total bank deposits was due to a 2.6 percent rise in resident deposits […] September 1, 2022
Tech Dubai ranks 18th in new index of top digital cities Dubai is the only Middle Eastern city to be highlighted in the Digital Cities Index (DCI) 2022 – a new ranking of 30 global cities across four key pillars: connectivity, services, culture and sustainability. Ranked 18th with an overall score of 63.8, the city’s position highlights its forward-thinking approach to the digitised economy, underpinned by […] August 5, 2022
Opinion Real Estate UAE real estate is a good inflation bet While interest rates rise and house prices fall globally, the Emirates is bucking the trend July 15, 2022
Banking and Finance Zand unveils big names as UAE’s digital banking rivalry hots up Zand, the digital bank headed by Emaar boss Mohamed Alabbar, has named a number of business big hitters as part of its board of directors ahead of its launch. Adnan Abdulfattah Kazim Abdulfattah, Emirates chief commercial officer, and Yusuff Ali MA, chairman of retail giant Lulu Group, are part of the new venture as competition […] July 5, 2022
UAE economy’s growth for 2022 upgraded to 5.4% The UAE economy is set to grow by 5.4 percent this year, driven by the country’s success in containing the economic impacts of the coronavirus pandemic, according to the Central Bank of the UAE (CBUAE). The figure is higher than the 4.2 percent real gross domestic product (GDP) growth estimate made by the bank in April. […] June 7, 2022
Banking and Finance Why Pyypl power will accelerate MENA fintech growth The founder and CEO of Pyypl tells AGBI about ambitious expansion plans for the UAE-based company Already one of the fastest-growing fintechs in the Middle East and Africa region, UAE-based Pyypl is planning to “inject more petrol into the tank” in a new phase of expansion. Antti Arponen, founder and CEO, told AGBI that the […] June 1, 2022
Analysis Banking and Finance UAE needs bigger but fewer banks, says expert The United Arab Emirates (UAE) has too many banks and the sector needs to see more consolidation, especially as profits are squeezed and costs continue to rise, an industry expert told AGBI today. “I think it would be helpful to have fewer banks [in the UAE]. I have been an advocate of that,” Asad Ahmed, […] May 20, 2022
