CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...

Abu Dhabi: The UAE may consider diversifying its foreign currency reserves to include Chinas yuan, but before that, China will have to relax its currency controls, UAE Central Bank Governor Sultan Bin ...

The Sudanese pound has shed nearly two-fifths of its value after a de facto embargo on flights from the army's wartime ...

DAMASCUS (Reuters) - Syria plans to print a newly-designed currency in the UAE and Germany instead of Russia, three sources said, reflecting rapidly improving ties with Gulf Arab and Western states as ...

The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of ...

The United Arab Emirates has informed the secretariat of the Gulf Cooperation Council that it is pulling out of the proposed GCC monetary union, according to a report by the country’s official news ...

India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the Abu Dhabi National Oil ...

The emirate of Ras Al Khaimah in the United Arab Emirates (UAE) is launching a free zone exclusively for digital and virtual asset companies called the RAK Digital Assets Oasis (RAK DAO). What ...

A study conducted among more than 300 wealthy families and advisers across global wealth centres, shows that 71% of UAE ...

The initiative brings two major shifts: for residents, a new entry point into sovereign, Shariah-compliant savings; for the ...