INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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

CBUAE is the monetary policy regulator of the UAE.
  • 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.