Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Banking & Finance, Economy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Governors of UAE and Turkey central banks to collaborate in banking sectors

CBUAE is the monetary policy regulator of the UAE.
By TRENDS Desk
February 18, 2022 11:29 pm
  • The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
  • Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.

Governor of the Central Bank of the UAE (CBUAE) Khaled Mohamed Balama discussed cooperation with Sahap Sahap Kavcioglu, Governor of Central Bank of the Republic of Turkey, during a meeting in Abu Dhabi.

The two also discussed ways to develop and strengthen this collaboration in the financial and banking sectors, in light of the currency swap agreement.

The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.

Khaled Balama noted CBUAE is keen to take forward the economic relations between the two countries.

Senior officials from both the central banks were present in the meeting which was held on the sidelines of the official visit of Turkish President to the UAE.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]