11 Hrs
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البيان
UAE Central Bank Keeps Supporting Global Finance
The Governor of the Central Bank of the UAE affirmed that the banking sector in the UAE exhibits strong financial indicators, with high levels of liquidity and capital, which enhances its ability to face challenges and contributes to financial stability in the region. He highlighted that the country is keen on supporting the stability of the global financial system through flexible monetary and prudential policies that keep pace with changes, as well as through the development of regulatory and supervisory frameworks to strengthen the sector’s resilience to market fluctuations. Additionally, he explained that the UAE is focused on accelerating digital transformation, safeguarding the financial system from cyber and technical risks, and developing international partnerships to bolster the future economy, emphasizing the importance of coordination with international partners to achieve global growth and financial stability.
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