Abu Dhabi / WAM The central bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative. The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ...

Abu Dhabi / WAM The UAE on Wednesday sent a plane carrying 50 metric tons of food supplies to the Republic of Mali as part of its initiatives during the Holy Month of Ramadan. “The UAE always seeks to provide all possible support to all brotherly and friendly countries in circumstances that require international solidarity and cooperation, especially during the ...

Bloomberg India’s central bank announced new loan-relief measures for small businesses and pledged to inject 500 billion rupees ($6.8 billion) of liquidity to support the economy against a second deadly coronavirus wave. Some businesses will be eligible for loan restructuring to give them more time to repay debt and keep them going through the pandemic, Reserve Bank of India Governor ...