Abu Dhabi / WAM The UAE Central Bank withdrew AED23.8 billion ($6.53 billion) in excess liquidity in four months, as part of its policy to manage excess liquidity in the banking system. In the meantime, certificates of deposit at the bank rose to the tune of AED126.64 billion by the end of September. Official statistics show that the month of …

DUBAI / Emirates Business Dubai Trade, the single window for cross-border trade and a DP World company, has integrated its Rosoom secured e-Payment gateway with Tahweel, the e-service portal of Dubai Maritime City (DMC). This partnership supports the Dubai Maritime Sector Strategy and the Smart Dubai initiative. The new step enables companies working in DMC to complete their transactions online …

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), and Temenos, the software specialist for banking and finance, have announced their intention to collaborate and strengthen FinTech ecosystem in Abu Dhabi, following the unveiling of ADGM’s Innovation Centre at the FinTech Abu Dhabi Summit on October 23. A key aspect of the collaboration will see Temenos provide a sandbox service …