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UAE Central Bank joins Hong Kong government's digital currency project

February 24, 2021

The UAE Central Bank joined the second phase of a digital currency project for cross-border payments initiated by the Hong Kong Monetary Authority......

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CBUAE, HKMA enter fintech agreement

February 24, 2021

ABU DHABI, HONG KONG, 23rd February, 2021 (WAM) -- The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA)......

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UAE banks returned AED14.47 bn received from Central Bank's AED50 bn TESS

February 17, 2021

ABU DHABI, 16th February, 2021 (WAM) -- UAE national banks have returned around AED14.47 billion from the stimulus they had received since March......

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Abu Dhabi banks invested AED26.1 bn in debt securities in 2020

February 16, 2021

ABU DHABI, 14th February, 2021 (WAM) -- Abu Dhabi banks invested AED26.1 bn in debt securities during 2020, bringing to AED208.6 bn their cumulative......

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Central Bank's total assets up 6.6 percent to AED470.5 bn in December

February 13, 2021

(WAM) -- The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the end of December 2020, CBUAE latest......

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FAB, Mastercard to enhance commercial payments for UAE businesses

February 11, 2021

ABU DHABI, 10th February, 2021 (WAM) -- First Abu Dhabi Bank (FAB) has announced it signed a five-year strategic partnership deal with Mastercard......

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CBUAE imposes financial sanction on exchange house operating in UAE

February 11, 2021

ABU DHABI, 10th February, 2021 (WAM) -- The Central Bank of the UAE (CBUAE) has imposed a financial sanction on an exchange house operating in the......

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Drake & Scull swings to full-year profit

February 10, 2021

Drake & Scull swung back to profit in 2020 as it made a Dh354 million gain on the disposal of one of its subsidiaries. The company reported a......

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FAB partners with Paris II University and sponsors Emirati law students

February 10, 2021

ABU DHABI, 9th February, 2021 (WAM) -- First Abu Dhabi Bank (FAB) has committed its support to a new FAB Scholars initiative, supporting the growth......

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CBUAE Governor invites business, banking community to kick start investment cycle

February 10, 2021

ABU DHABI, 9th February, 2021 (WAM) -- The Central Bank of the UAE (CBUAE) has predicted a strong return to growth in Gross Domestic Product (GDP)......

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