Emirati 'Geon System' boosts local payments
The "Sind" fund achieved revenues of 4.31 billion dirhams in the first half of 2026. The UAE reiterates its condemnation of the renewed Iranian attacks on Bahrain and Kuwait. Reports indicate there are mutual diplomatic signals that could break the cycle of escalation between the U.S. and Iran, while the UAE continues to focus on localizing payments and enhancing competitiveness through the "Giyon" system.
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