ABU DHABI / WAM The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) reached AED2.8 trillion in the first five months of the year, according to statistics released by the UAE Central Bank (CBUAE). The CBUAE indicated that the value was almost the same as that registered in the corresponding period last year. “January was ...

Abu Dhabi / Emirates Business The UAE Banks Federation (UBF) on Monday announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on November 11 at The Westin Dubai Al Habtoor City in Dubai. Held in association with Financial Times and The Banker under the theme, ‘Banking ...

DUBAI / WAM The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region. Titled “The Case for an Innovation Hub to Facilitate ...