After being battered by the prime minister in the two last general elections, opposition parties are hopeful of a better performance
asia1 hour ago
Central Bank of the UAE reaffirmed its position that it stands behind UAE banks, including those with exposure to Dubai World and Nakheel.
The Central Bank, in a press release, stated that UAE Banking System is comprised of retail commercial banks only, with a strong base of retail deposits, the best banking model that weathered the current Global Financial Crisis.
From the consolidated balance-sheet of banks, Interbank deposits of the UAE Banking System constitute 10.3% of the liabilities side, with foreign interbank deposits constituting 5% only.
The UAE Banking System is more sound and liquid than a year ago, with foreign interbank deposits and MTN//ECPs issued by UAE banks stand reduced by 25% .
After being battered by the prime minister in the two last general elections, opposition parties are hopeful of a better performance
asia1 hour ago
In the meeting, Sheikh Abdullah Bin Zayed stressed on peace based on 'two-state solution' for Israel and Palestine
uae2 hours ago
Pakistan have not yet named their final 15-man squad for June's T20 World Cup
cricket2 hours ago
Some riders have also opted to stay home, heeding authorities' advice
weather2 hours ago
Ely Buendia, the band's vocalist and guitarist, shares a teaser of their upcoming shows
entertainment3 hours ago
The prices had slipped below $2,300 per ounce on Wednesday evening but recovered later in the day
uae5 hours ago
Sabeer's story is a blend of facing challenges head on, introducing ideas and demonstrating unwavering determination — all showcasing the strength of resilience and the relentless pursuit of aspirations
kt network5 hours ago
Travellers advised to take extra travel time, keep checking updates
uae5 hours ago