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RBI to explore CBDC pilot in cross-border transactionsThe Reserve Bank of India (RBI) plans to expand its digital rupee pilot to more direct benefit transfer schemes and the domestic retail spa...- RBI highlights strong banking sector health, says lenders can withstand severe shocksIn the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid...
- Now UAE tourists can open digital bank a/c and get debit card to make cashless payments as UAE’s central bank rolls out new initiativeTourists in the UAE can now open digital bank accounts and get debit cards within minutes of arrival. This new biometric-based initiative, ...
- AE Coin set to transform UAE's financial landscape with Dirham-backed stablecoinThe UAE is set to launch AE Coin, a fully regulated, dirham-backed stablecoin under Central Bank oversight. Aimed at enhancing financial in...
- Dubai’s blockchain revolution in 2024: Growth and challenges explainedThe UAE’s proactive approach to blockchain and crypto innovation drove record-breaking growth in 2024. Here is how Dubai has been innovatin...
- India, UAE sign MoUs for promoting local currencies in cross-border tradeThe Reserve Bank of India and the Central Bank of UAE (CBUAE) have signed two Memorandum of Understanding (MoU) to boost local currency use...
- RBI, UAE central bank sign pact to enhance cooperationAccording to the statement, the CBUAE and RBI will jointly conduct proof-of-concept (PoC) and pilot(s) of the bilateral CBDC bridge to faci...
- UAE central bank starts gradual curb of COVID-19 stimulus measuresThe bank launched a Targeted Economic Support Scheme (TESS) to help banks provide temporary relief to companies and individuals affected by...
- UAE central bank extends stimulus scheme to stem COVID-19 impactThe UAE economy is expected to shrink by 6.6% this year, the International Monetary Fund (IMF) has estimated, as vital sectors such as tran...
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