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UAB well-positioned as UAE banking sector shows resilience, says Chairman

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·Ashfaq Ahmed·about 1 month ago
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Dubai: The UAE’s banking sector continues to demonstrate strong resilience and global competitiveness, underpinned by robust regulation, ample liquidity and a diversified economic base, according to Sheikh Mohammed bin Faisal bin Sultan Al Qassimi, Chairman of United Arab Bank (UAB). In an interview with Gulf News, Sheikh Mohammed said the sector’s stability is supported by prudent oversight from the Central Bank of the UAE and forward-looking initiatives designed to safeguard financial resilience and sustain economic momentum. “The UAE banking sector stands as one of the most resilient and well-regulated globally,” he said, pointing to strong liquidity buffers and continued economic diversification as key pillars supporting sustainable growth. Resilience package He highlighted the Central Bank’s Financial Institutions Resilience Package (FIRP) as a significant step in strengthening the system’s ability to maintain credit flows during periods of uncertainty.…

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