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...
29 Apr, 2025, 06.28 PM IST
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...
25 Feb, 2025, 11.08 AM IST
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...
15 Jul, 2023, 04.16 PM IST
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...
15 Mar, 2023, 09.20 PM IST
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...
23 Sep, 2021, 05.03 PM IST
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...
16 Nov, 2020, 09.56 PM IST