The UAE central bank said in its latest report that economic activity in the country “partially recovered” in the third quarter of 2020, although the rebound “remained fragile”. Virginia administered the fewest doses, with 42 percent of the vaccines received. ABU DHABI, 21st January, 2021 (WAM) -- Credit facilities provided by UAE national banks to non-resident clients rose by AED19.7 bn from January to November 2020, statistics by the Central Bank of the United Arab Emirates have shown. Data for the third quarter showed profitability of top UAE banks declined in the third quarter due to the low interest rate environment and flat loan growth. The Decree also... LONDON, 25th January, 2021 (WAM/Reuters) -- More than 98.77 million people have been reported to be infected by the novel coronavirus globally and 2,123,871 have died, according to a Reuters tally on Monday. NEW YORK, 25th January, 2021 (WAM) -- The United States has strongly condemned the latest attack on Riyadh, Saudi Arabia. The Central Bank of the UAE (CBUAE) advises caution against responding to fraudulent e-mails and internet postings purporting to be legitimate CBUAE communications and postings. The committee held a virtual meeting to approve the list of winners following the completion of a smart evaluation processes conducted by more than 120 highly qualified and experienced assessors. DUBAI, 24th January, 2021 (WAM) -- The ENOC Group has won the prestigious "Sword of Honour" award from the British Safety Council. The announcements were made in a series of tweets by UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum on Monday. We’ll send you latest news updates through the day. Present were Mohammed Abdullah Hazzam Al Dhaheri, UAEFA's Secretary-General, and the members of delegation accompanying the President of the LFF. Central Bank of United Arab Emirates 01/24/2021 | Press release | Distributed by Public on 01/24/2021 05:04 CBUAE conducts cyberattack simulation on … The CBUAE is not a retail bank and we do not carry out transactions or hold funds for members of the public. Dubai: The UAE Central Bank on Sunday set up a facility to support liquidity in the banking system, saying it "stands behind" local and foreign banks operating in the country. The shortlist consisted of three images from the UAE by Ahmed Al Shehi, Salem Sarhan and Safiaa Al Zaabi; two... NEW YORK, 25th January, 2021 (WAM/Reuters) -- The number of coronavirus cases in the United States crossed 25 million on Sunday, a Reuters tally showed, as states accelerate their vaccine distribution and more infectious strains are found globally. States including North Dakota and West Virginia have injected more than 83 percent of their allocated doses into residents' arms, according to data from the Centres for Disease Control and Prevention released on Sunday. The forum wrapped up with the Ecothon PitchDay competition for Y4S participants, which focused on innovation in sustainability. The final report of the project results is available on the official websites of SAMA and the CBUAE. The Central Bank of the UAE (CBUAE) advises caution against responding to fraudulent e-mails and internet postings purporting to be legitimate CBUAE communications and postings. Both on your website and other media. The... ADFD finances 90 renewable energy projects worth AED 4.7bn over a decade, Sharjah Ruler issues Decree to amend several EPAA bodies, Worldwide coronavirus cases cross 98.77 million, Russia reports 19,290 new coronavirus cases, 456 deaths. Organised under the patronage of Dubai Crown Prince and Chairman of The Executive Council of Dubai, H.H. These cookies are used to improve your experience and provide more personalized service to you. Given the persistence of risk factors from 2020, market expectations remain tepid with the IMF forecasting 2021 GDP growth of just 1.3 per cent in the UAE following a contraction in excess of 6 per cent in 2021. Banks are expected to report in excess of an average 20 per cent year on year decline in profits for the whole of 2020 with earnings outlook remaining modest in 2021. The new regulation has not yet been posted on the UAE Central Bank website, UNLOCK will update once it has. This section is about Living in UAE and essential information you cannot live without. UAE strongly condemns Houthi missile targeting Saudi Arabia, Infrastructure works on AED400 million housing project for Emiratis completed in Sharjah, Spain looks at UAE’s offshore expertise for green hydrogen production: Spanish Deputy PM, UAE Rulers congratulate President of Central African Republic on being re-elected for new presidential term, UAE opens kidney dialysis centre in Hargeisa, Somaliland, UAE announces 3,566 new COVID-19 cases, 4,051 recoveries, 7 deaths in last 24 hours, AED100m Al Faya – Saih Shuaib E75 road rehabilitation project completed, UAE announces 3,591 new COVID-19 cases, 3,820 recoveries, 6 deaths in last 24 hours, Dubai Future Accelerators, KHDA host first-ever Investor Day. US strongly condemns latest attack on Saudi Arabia. The UAE banks have suffered the effects of three pronged storm in 2020 including a weak economic backdrop, the impact of the global pandemic and geo political tensions, according to a recent analysis by Bank of America Merrill Lynch (BoAML). DUBAI, 24th January 2021 (WAM) - The judging committee of the fourth edition of the Taqdeer Award today announced that 91 workers and companies have been selected as winners across five categories of the Award. Strengths and weaknesses of UAE banks in 2021. 2.4 You must not use the name or logo of the Central Bank of the UAE in any advertisement or public announcement or any form of documents or records or communication (whether verbal or written or electronic or otherwise) without the Central Bank’s prior written consent. 2.4 You must not use the name or logo of the Central Bank of the UAE in any advertisement or public announcement or any form of documents or records or communication (whether verbal or written or electronic or otherwise) without the Central Bank’s prior written consent. Increased 21 % in 2020 compared to 2019 ) -- H.H particularly amidst the COVID-19 outbreak Mohammed opens Carre... Time by clicking on the economies and the members of the project results is available the. Ecothon PitchDay competition for Y4S participants, which focused on innovation in sustainability December 2019 and spur activity. 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