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The United Arab Emirates (UAE) once largely known for its oil exports today has a diverse and highly developed economy. According to the UAE Economic Report 2009 released by the UAE Ministry of Economy in May 2010 the non-oil sector contributed 71.6 per cent to the UAE’s GDP, compared to 66.5 per cent in 2008, underscoring the success of the nation's economic diversification initiatives.
US$92.57 billion. Bank rate. 5.15% [1] Website. centralbank .ae /en. The Central Bank of the United Arab Emirates ( Arabic: مصرف الإمارات العربية المتحدة المركزي) ( Central Bank of the UAE or CBUAE) is the state institution responsible for managing the currency, monetary policy, banking and insurance regulation ...
امارات. United Arab Emirates portal. The United Arab Emirates [b] ( UAE ), or simply the Emirates, [c] is a country in West Asia, in the Middle East. Located at the eastern end of the Arabian Peninsula, it shares borders with Oman and Saudi Arabia; as well as maritime borders in the Persian Gulf with Qatar and Iran.
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based YAP does ...
Sheikh Tahnoun bin Zayed Al Nahyan, Chairman. Owner. Abu Dhabi Investment Council Company (33.3%) [1] Website. www .bankfab .com. First Abu Dhabi Bank (FAB) ( Arabic: بنك أبوظبي الأول) is the largest bank in the United Arab Emirates. It was formed following a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD).
Headquarters. Abu Dhabi. , UAE. Website. edb .gov .ae /en / [1] The Emirates Development Bank (EDB) is an Emeriti state-owned financial institution established in 2015 in the United Arab Emirates under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy PM and Minister of Presidential Affairs of UAE. [2] [3] [4]
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On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [3] [4] [5] As of 31 December 2020, total assets were AED 698 billion, deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE, with a brand value of $3.89 billion.