In its UAE Monetary, Banking, and Financial Markets Developments Report for Q1, which provides insights into the monetary and banking activities, the Central Bank of UAE said its foreign assets increased by 8.8 percent to reach $146.3 billion.
CBUAE imposes financial sanction on UAE exchange house
The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332 at the end of the first half of 2022.
UAE Central Bank, Bank of Korea renew bilateral currency swap pact
The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and up to KRW6.1 trillion for five years.
