Tag: CBUAE

UAE central bank’s foreign assets surge to Dh750b

The Central Bank of the UAE (CBUAE) has said it boosted its foreign assets by more Dh176 billion within a year — from April...

CBUAE explores solutions and initiatives to achieve ‘Zero Bureaucracy’ in financial sector

The Central Bank of the United Arab Emirates (CBUAE) has launched its “Zero Bureaucracy” initiative in the financial sector, aligning with the vision and...

New regulation to attract start-ups, global fintech: CBUAE

The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an...

CBDCs set to boost GCC’s cross-border payment efficiency: IMF

GCC countries can enhance financial inclusion and boost the efficiency of cross-border payment services by adopting central bank digital currencies (CBDCs), according to the...

UAE economic growth projected at 3.9% this year

The UAE’s real overall output growth is rebounding to 3.9 per cent, primarily on the back of a recovery across diverse sectors of the...

Gross banks’ assets increased to over Dh4.1 trillion at end of January 2024: CBUAE

The gross banks’ assets, including bankers’ acceptances, increased by 0.8 per cent, from Dh4.075 trillion at the end of December 2023 to Dh4.109 trillion...

CBUAE maintains Base Rate at 5.40%

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at...

UAE ranks world’s fourth largest Islamic finance market: CBUAE

The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC), Southeast...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...