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Indian Fugitive In Bank Fraud Case Deported From UAE, Brought To Delhi
In a major breakthrough, the Central Bureau of Investigation (CBI) has secured the deportation of fugitive Udit Khullar from the United Arab Emirates (UAE) in connection with a Rs 4.55 crore bank fraud case.
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Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Big Pact Between RBI, UAE Central Bank To Link UPI Systems, Card Payments
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
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RBI, UAE Central Bank Agree To Set Up Payment System In Local Currencies
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) on Saturday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
-
"Paves Way For Enhanced Economic Collaboration": PM Modi On India-UAE Pact
Prime Minister Narendra Modi on Saturday said that the signing of the pact between the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) to promote the use of local currencies- the Indian Rupee (INR) and the UAE Dirham (AED) for
-
India’s CBDC Trials to Go International, RBI Partners With Central Bank of UAE: Details
India and UAE have joined forces in agreeing to take the trials of their respective CBDCs to a cross-country level. The central banks of both the nations will collectively be testing how their CBDCs operate from the other country.
-
Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
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Central Bank of Bahrain Gears to Put BTC Payment Processing on Trials Via OpenNode
The Central Bank of Bahrain (CBB) is teaming up with OpenNode BTC payment processor to try out a payment solution dedicated to BTC transactions. Bitcoin payments had been non-existent in the island nation until now, but the interest in Bitcoin payments seems to be growing.
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UAE Firm Files 74 Billion Lawsuit Against Pakistan's Central Bank: Report
An United Arab Emirates-based trading and investment firm has filed a lawsuit worth around Rs 74 billion against the State Bank of Pakistan (SBP) and a private bank, local media reported.
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UAE Plans To Launch Digital Currency Within Five Years
The United Arab Emirates will launch its first digital currency by 2026, the central bank of the oil-rich Gulf state, which serves as the region's financial hub, said Monday.
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Qatar Asks US To Investigate UAE Bank For 'Financial Warfare'
Qatar has asked US regulators to investigate the US subsidiary of the largest bank in the United Arab Emirates, accusing it of "bogus" foreign exchange deals designed to harm its economy as part of a blockade by Gulf neighbours.
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How India Will Pay Iran $ 1.65 Billion for Oil Imports
India will pay Iran USD 1.65 billion through the UAE central bank to clear over 40 per cent of the backlog payments for oil imports.
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UAE warns NRIs against taking rupees into India
UAE's Central Bank has asked all banks and exchange houses to advise their customers not to carry rupees into India.
-
Indian Fugitive In Bank Fraud Case Deported From UAE, Brought To Delhi
In a major breakthrough, the Central Bureau of Investigation (CBI) has secured the deportation of fugitive Udit Khullar from the United Arab Emirates (UAE) in connection with a Rs 4.55 crore bank fraud case.
-
Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs
The National Bank of Kazakhstan and the Central Bank of the UAE (CBUAE) have signed an MoU to collaborate on fintech, cybersecurity, and CBDCs, focusing on how UAE's financial hubs leverage blockchain and crypto for payments and transactions.
-
UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025
The UAE is among many nations that is preparing to launch its CBDC in the future. Earlier this week, the Central Bank of the UAE said its Digital Dirham CBDC will be launched for retail use later this year. The CBUAE said that the digital dirham will be able to facilitate tokenisation and expand access to liquidity through fractionalisation.
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Big Pact Between RBI, UAE Central Bank To Link UPI Systems, Card Payments
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) yesterday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
-
RBI, UAE Central Bank Agree To Set Up Payment System In Local Currencies
Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) on Saturday signed two agreements in Abu Dhabi to establish a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
-
"Paves Way For Enhanced Economic Collaboration": PM Modi On India-UAE Pact
Prime Minister Narendra Modi on Saturday said that the signing of the pact between the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) to promote the use of local currencies- the Indian Rupee (INR) and the UAE Dirham (AED) for
-
India’s CBDC Trials to Go International, RBI Partners With Central Bank of UAE: Details
India and UAE have joined forces in agreeing to take the trials of their respective CBDCs to a cross-country level. The central banks of both the nations will collectively be testing how their CBDCs operate from the other country.
-
Crypto-Friendly UAE to Jump Aboard CBDC Wagon Alongside India, China: Details
After creating a supportive ecosystem for the crypto industry, the UAE is now turning its focus to include its central bank digital currency (CBDC) to the economy. The UAE is backing the creation of a cashless society in the coming years. Its CBDC plans are expected to roll-out in full potential by 2026.
-
Central Bank of Bahrain Gears to Put BTC Payment Processing on Trials Via OpenNode
The Central Bank of Bahrain (CBB) is teaming up with OpenNode BTC payment processor to try out a payment solution dedicated to BTC transactions. Bitcoin payments had been non-existent in the island nation until now, but the interest in Bitcoin payments seems to be growing.
-
UAE Firm Files 74 Billion Lawsuit Against Pakistan's Central Bank: Report
An United Arab Emirates-based trading and investment firm has filed a lawsuit worth around Rs 74 billion against the State Bank of Pakistan (SBP) and a private bank, local media reported.
-
UAE Plans To Launch Digital Currency Within Five Years
The United Arab Emirates will launch its first digital currency by 2026, the central bank of the oil-rich Gulf state, which serves as the region's financial hub, said Monday.
-
Qatar Asks US To Investigate UAE Bank For 'Financial Warfare'
Qatar has asked US regulators to investigate the US subsidiary of the largest bank in the United Arab Emirates, accusing it of "bogus" foreign exchange deals designed to harm its economy as part of a blockade by Gulf neighbours.
-
How India Will Pay Iran $ 1.65 Billion for Oil Imports
India will pay Iran USD 1.65 billion through the UAE central bank to clear over 40 per cent of the backlog payments for oil imports.
-
UAE warns NRIs against taking rupees into India
UAE's Central Bank has asked all banks and exchange houses to advise their customers not to carry rupees into India.
