Muscat – Oman Investment Bank is pleased to announce the successful completion of a US$130 million minority investment in Uzum, Uzbekistan’s leading digital services ecosystem, by a consortium of investors led by sovereign entities of the Sultanate of Oman. Oman Investment Bank acted as financial adviser to the lead investor on the transaction, supporting the investment […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has been named ‘Risk Manager of the Year 2026’ at the prestigious Central Banking Awards. Presented by the UK- based Central Banking publication, the award recognises central banks that demonstrate exceptional excellence and adopt world-class methodological practices in risk management. This global award serves as […]
In response to current regional developments, Gulf Bank has confirmed that its core banking systems and technical infrastructure are operating at full capacity, enabling both individual and corporate clients to conduct their transactions seamlessly and securely across all service channels, including its branch network and digital platforms. The Bank has activated its business continuity and […]
The Central Bank of Kuwait (CBK) confirms the banking sector’s high operational readiness and resilience, ensuring uninterrupted banking services across all circumstances. This comes in light of the Central Bank’s directives to local banks to strengthen risk management systems, enhance business continuity and emergency plans, upgrade digital infrastructure, and conduct regular simulation exercises covering various potential scenarios. […]
Abu Dhabi: H.E. Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates, affirmed that the UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability. He noted that banks, financial institutions, and insurance companies across the country are operating normally and continue to deliver their services to […]
Abu Dhabi, UAE: Abu Dhabi Commercial Bank (ADCB) today confirmed that its retail mobile banking application has been successfully restored. The disruption, which lasted approximately 48 hours, affected ADCB’s retail mobile banking application and customer contact centre. All other banking services, including branches, ATMs, card services, web-based internet banking, and corporate and commercial banking platforms, remained […]
Ajman, United Arab Emirates – Ajman Bank’s General Assembly, during its Annual General Meeting chaired by His Highness Sheikh Rashid bin Humaid Bin Rashid Al Noaimi, Vice Chairman of the Bank’s Board of Directors, approved the distribution of cash dividends to shareholders amounting to 50% of the net profit for the financial year ended 31 December […]
Our Priority Remains to Focus on the Safety of Our Employees and Customers, and to Protect the Interests of Investors and Depositors. In light of the escalating military conflict in the Middle East, National Bank of Kuwait (NBK) is issuing an operational and financial update to its stakeholders. NBK’s priorities remain firmly anchored in safeguarding […]
Abu Dhabi: The Central Bank of the United Arab Emirates (CBUAE) has issued a guidance note on the consumer protection and responsible adoption and use of artificial intelligence and machine learning by licensed financial institutions operating in the UAE. This step reflects the CBUAE’s proactive supervisory approach and its commitment to keeping pace with rapid developments […]
The UAE Central Bank and Abu Dhabi-based artificial intelligence company Core42 are to build a sovereign financial cloud services infrastructure. The UAE-based system is supported by “centralised, highly secure, dedicated and isolated infrastructure”, the central bank said in a statement on Wednesday. This will ensure data sovereignty, boost operational agility and provide protection against cyber threats, while […]