The Central Bank of the UAE (CBUAE) says the country's economy will continue to build next year, backed by a strong banking system.
The statement from the CBUAE followed a meeting with chief executives of national and foreign banks in Abu Dhabi.
They discussed the improving economic environment following the banking sector's resilience throughout the pandemic.
The CEO's welcomed the CBUAE’s ongoing backing of the financial system through its Targeted Economic Support Scheme and said they're in good shape to underpin the economic recovery.
The meeting also reviewed UAE banks' requirements to work actively towards full compliance with Consumer Protection Regulations and Standards.
These steps, according to the statement, will enhance consumer trust in the banking sector and impact the UAE banking industry and the national economy positively.
Trump pauses tariffs on Canadian imports, Carney says key work remains
Meta trial that could reshape Facebook, Instagram gets underway
Nakheel begins handover of 892 homes at Jebel Ali Village
Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses
ADNOC's XRG advances global gas strategy with Venezuela entry
