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UAE banking sector sees AED25bn surge in new savings deposits

ABU DHABI / WAM Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted around AED25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED245.54 billion in January 2023, with an annual growth of 10.2 percent, according to the latest statistics from the Central Bank of the UAE (CBUAE). The local currency, the ...

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UAE leaders congratulate President of Senegal on Independence Day

ABU DHABI / WAM UAE President His Highness Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Bassirou Diomaye Faye of Senegal, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...

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UAE partners with UN Climate Security Mechanism to advance climate, peace and security agenda

NEW YORK/ WAM The United Arab Emirates, a long-standing advocate for climate, peace and security and addressing global challenges related to climate change, announced a new US$1.2 million partnership with the United Nations Climate Security Mechanism (CSM). The partnership entails a two-year annual contribution of US$600,000 from the UAE, demonstrating the nation’s commitment to strengthen the UN’s capacity to address ...

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