Browsing: CBUAE

ABU DHABI: Gross banks’ assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time in its history, according to the latest statistics from the Central Bank of the United Arab Emirates (CBUAE).

ABU DHABI: The balance sheet of the Central Bank of the UAE (CBUAE) reached the AED750 billion mark at the end of last February, marking a historic milestone, as per the balance sheet report for February 2024 released today.

The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch AED734.61 billion at the end of January 2024, marking a significant surge in its financial strength. This impressive growth is revealed in the bank’s latest balance sheet report.

The insurance sector comprised 23 traditional national companies, 10 Takaful national and 27 foreign companies

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. 

The MoU was signed by Khaled Mohamed Balama, Governor of CBUAE, and Perry Warjiyo, Governor of BI. The Central Bank…