ABU DHABI/WAM The Central Bank of the UAE (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased by 0.7% from AED4,348.6 billion at the end of July 2024 to AED4,378.0 billion at the end of August 2024. In its Monetary and Banking Developments for August 2024, the Central Bank said that gross credit increased by 0.5% from AED2,102.1 billion ...

DUBAI/WAM Dubai Chambers has signed a memorandum of understanding (MoU) with HSBC Bank Middle East Limited to support the expansion of local companies into global markets and enhance the ability of international companies to establish and grow their businesses in Dubai. Under the terms of the MoU, the two parties will collaborate to explore banking services for international companies establishing ...

GULF TIME In a strategic move aimed at bolstering the UAE’s position in the fields of sports and digital technology, MBME Group and Solutions+, a fully owned “Mubadala”+ recently signed two agreements during an official event. The agreements aim to support sports and youth while also enhancing digital technology solutions, aligning with the UAE’s vision of achieving excellence in these ...