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Bond Investments snags Uzbekistan-based Poytakht Bank for USD 10 mn
The UAE investment entity’s bid surpassed competing bids
HSBC debuts global wealth trading platform
Sharjah will develop Uganda’s third int’l airport
GDP growth picked up steam in 4Q 2023 -CBUAE
Inflation to ease to 2.3% y-o-y in 2024
FAB appoints two new chiefs
The lender appointed a new chief compliance officer and chief credit officer to its executive committee
Bank investments reach a record high in March
Gross credit grew 8% y-o-y to AED 2.047 tn
CBUAE revises its GDP growth forecast for 2024 downward
The central bank expects the economy will grow at a 3.9% clip in 2024
CitiBank and Emirates NBD launch 24/7 USD clearing service in the UAE and Saudi
The service will facilitate USD cross border payments 24/7 daily
Gross bank assets reach AED 4.25 tn in March -CBUAE
Gross credit expanded with a 1.1% rise in domestic credit and a 5.3% increase in foreign credit
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