ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the central bank of the UAE (CBUAE) under the chairmanship of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. Pursuant to the Decree, the Board of Directors of the ...

DUBAI / WAM Master developer Nakheel has announced that it sold almost 250 properties with a total sales value of over AED600 million in the last four months, with ready-to-occupy villas most in demand. Among the most popular are Nakheel’s family villas at Nad Al Sheba, where a third phase of ready-to-move-into properties has just been released, after phases one ...

ABU DHABI / WAM Financial transfers conducted through the Immediate Payment Instruction (IPI) reached AED4.7 billion since the system was introduced by the central bank of the UAE (CBUAE) in June 2019. CBUAE statistics revealed that 1.9 million easiest and fastest transfer transactions were made from June 2019 to June this year. The CBUAE has introduced the IPI to enable ...