“The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents the collective efforts of our leading national member banks and is a true testament to our financial sector’s commitment to supporting the building of a better future," he adds.
Mashreq commits $30bn to UAE banking sector’s sustainable finance by 2030 pledge
DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge, to mobilize US$272 billion (AED 1 trillion) in sustainable finance by 2030 at COP 28. The event was hosted by the Central bank of the UAE in Global Climate Action...Cybersecurity vital for UAE’s banking, customer trust
"The banking and financial sector, being a prime target for cybercriminals, necessitates evolving solutions and strategies for protection. Regulatory compliance is vital, and stakeholders recognize that it extends beyond legalities to ensure adherence to top-tier cybersecurity standards," he adds.Digital banking services use in UAE is now 100%: Bank federation chief
Dubai, UAE – UAE Banks Federation (UBF), the representative of UAE banks, revealed on Friday that the rate of digital banking services use through a number of banking channels has risen 100 percent, reflecting the advancements made by the UAE in deploying the latest technologies. Delivering the Opening address at...
UAE Banks Federation ratifies plan to develop banking sector
Abu Dhabi, UAE-- Looking to employ 5,000 UAE national by 2026, and designing a program to groom future banking and financial sector leaders, the UAE Banks Federation (UBF) approved the plans for 2023 presented by the board of directors at its Annual General Meeting (AGM). The AGM was chaired by...
UAE and Azerbaijan sign MoU to boost financial, banking ties
Abu Dhabi, UAE--UAE Banks Federation (UBF) has signed a memorandum of understanding (MoU) with the Azerbaijan Banks Association to enhance cooperation and and promote the growth of the financial and banking sectors in both countries. The scope of the MoU includes organising various activities in the finance and banking sector...Resilience helps UAE banks face global challenges
Growing assets, increased financing, and enhanced capital adequacy ratios reflect the sector’s resilience and ability to adapt to changes in the world, say key bankers.
CBUAE puts into circulation new AED5 and AED10 banknotes
The Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation in the UAE following distribution to all banks operating in the country.
