The UAE Central Bank has revoked Omda Exchange’s licence, removed it from the register and imposed a $2.7m penalty
CBUAE
Latest in CBUAE
CBUAE
UAE approves budget, outlines financial strategy for 2026
Board meeting chaired by Mansour bin Zayed focused on digital transformation, payment systems and regulatory development
Anti-Narcotics Council
UAE anti-narcotics authority and Central Bank team up for war on drugs and financial crime
UAE anti-narcotics authority and Central Bank discuss stronger cooperation to combat narcotics-related financial crimes
CBUAE
UAE, Saudi Arabia, Qatar, Kuwait and Bahrain cut key interest rates by 25bps following US Fed move
GCC central banks, including the UAE, Saudi Arabia, Qatar, Kuwait and Bahrain, cut key interest rates by 25bps after US Fed decision
CBUAE
UAE banks’ gross assets increase by 2.2% in the past one month
The Central Bank of the UAE releases money-supply related data in its Monetary & Banking Developments – September 2025
CBUAE
Revolut steps up UAE build-out as launch nears, pending full licence – GCC CEO
GCC chief Ambareen Musa says Revolut is in “day zero build mode” in the UAE, completing governance and licensing requirements and hopeful for an upcoming launch subject to regulatory approval
CBUAE
UAE makes history with first government transaction using Digital Dirham
UAE executes its first government transaction using the Digital Dirham, marking a major step in building national digital economy
CBUAE
UAE updates Central Bank law
UAE updates Central Bank law to strengthen financial stability, enhance consumer protection, and align banking regulations with global standards
CBUAE
UAE gold reserve surges 25.9% in first five months of 2025 to $7.88bn
CBUAE stats say demand deposits grew to $320bn, savings deposits to $97.91bn, while time deposits exceeded AED1tn for first time
CBUAE
UAE central bank partners with Mercury to launch new joint venture
The joint venture will enhance the operations of the UAE’s national financial market infrastructure
CBUAE
UAE central bank fines foreign bank branch $164,000 for regulatory violations
The UAE central bank did not identify the specific foreign bank branch that received the penalty
anti-money laundering
UAE central bank fines bank AED3 mn for AML violations
The sanctions result from the CBUAE’s examinations, which revealed the bank’s failure to comply with the central bank instructions
anti money laundering
UAE Central Bank fines exchange houses $1.12m for anti-money laundering violations
CBUAE fines exchange houses over anti-money laundering violations
anti-money laundering
UAE Central Bank slaps $1.6mn fine on foreign bank branch for AML violations
The CBUAE stated it endeavours to ensure all banks and their staff abide by UAE laws, regulations and standards through its supervisory and regulatory mandates
CBUAE
CBUAE suspends new Islamic Banking customers at UAE Bank for 6 months
Central Bank of the UAE suspends bank from adding new customers on Islamic Window
CBUAE
UAE Central Bank gold reserves hit $7.46bn in Q1 2025
The UAE Central Bank increased its gold reserves to $7.46bn in Q1 2025 as total bank transfers hit $1.48tn
anti money laundering
UAE central bank fines 6 exchange houses $3.3m
Central Bank of the UAE imposed financial sanctions on six exchange houses
