Category Archives: Business & Investments

Business & Investments, Featured

UAE Selected to Host 2029 World Bank Meetings: A Financial Hub’s Triumph

UBF: The Selection of the UAE to Host World Bank Group and IMF Annual Meetings 2029 Reflects Its Position as Global Financial and Economic Hub 

Abu Dhabi, Dubai, United Arab Emirates, 10 April 2026:

UAE Banks Federation, the sole representative and unified voice of UAE banks, reaffirmed  that the UAE selection to host World Bank Group and International Monetary Fund (IMF) Annual Meetings for 2029 in the UAE reinforces the country’s position as a global financial and economic hub, and its vital role in supporting efforts and initiatives for comprehensive and sustainable development  and financial stability at the international level.

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Business & Investments

UAE’s Resilience: Indian Consul General Assures Community

The UAE will bounce back from the current situation, Indian Consul General tells ICAI Dubai members as the new leadership team starts journey

India has been an integral part of the UAE. NRIs form 40 per cent of the UAE who call the country their home. Indians are one of the few communities that are staying back in the middle of the regional conflict: Indian Consul General Satish Kumar Sivan tells 500+ accounting professionals in Dubai

Date: Dubai, UAE; April 10, 2026

The UAE has the audacity to defy uncertainty by strengthening its bond with the international community, make them part of its development and it will ride out the current situation faster than expected, HE Satish Kumar Sivan, Indian Consul General, Dubai and Northern Emirates, told the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI) – the largest professional organisation in the UAE.

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Business & Investments

UBF CEOs Council Enhances UAE Banking Resilience

UBF CEOs Advisory Council Reaffirms Commitment to Reinforce Banking Sector’s Resilience and Capabilities

Abu Dhabi- Dubai, United Arab Emirates, 10 April 2026:

The CEOs Advisory Council of the UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its first quarterly meeting on April 8, 2026, chaired by His Excellency Abdulaziz Al Ghurair, Chairman of UBF, to review the banking and financial sector’s performance, and discuss developments,  initiatives, and plans of UBF to develop the financial and banking sector during 2026.

The meeting commended the Comprehensive Financial Institution Resilience Package, approved by the Board of the Central Bank of the United Arab Emirates (CBUAE), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of CBUAE, reaffirming  UBF’s  commitment to working closely with all relevant stakeholders to enhance the resilience and capabilities of the banking and financial sector, and to reinforce its stability and strength.

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Business & Investments, Technologies

CBUAE Certifies MBME Pay as Licensed Payment Provider

CBUAE Grants MBME Pay Coveted Payment Service Provider License

Abu Dhabi, UAE – April 9. MBME Pay Payment Services Provider – Sole Proprietorship L.L.C. (“MBME Pay”), a wholly owned subsidiary of MBME Group PJSC, has received its Payment Service Provider license (Category 3) from the Central Bank of the UAE (CBUAE) to conduct Merchant Acquiring and Payment Aggregation activities.

This license elevates MBME Pay into an exclusive group of fully regulated payment service providers in the UAE, reinforcing the company’s role at the heart of the country’s digital payments transformation. It reflects the strength of MBME Pay’s infrastructure, its rigorous compliance framework, and its strategic ambition to power the next generation of digital commerce.

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Business & Investments

DIFC’s Commitment to Business Resilience in Dubai

Dubai, UAE; 9 April 2026: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.

Effective immediately, the initiatives are designed to ease short-term operational and financial pressures.

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