Libya needs stability, budget to sustain recent oil output rebound, says NOC chief . The extension of applicability period of the TESS will provide relief for retail, small and medium sized enterprises, and corporate banking … This would be al-Mubarak's second stint as governor of Saudi Arabian Monetary Authority (SAMA), one of the most sensitive positions in the kingdom. Central banks around the world have injected trillions of dollars in monetary stimulus so far this year. Saeed replaces former governor Mubarak Rashed Khamis Al Mansoori. Address: Ground Floor, Building # 1W, Al Quds Street, Dubai Airport Free Zone, … The Union Law No (10) of 1980 saw the establishment of the Central Bank of the UAE as a public institution. LONDON: Saudi Arabia's king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions in the kingdom replacing Ahmed al-Kholifey, a decree carried on state media on Sunday said. ANKARA: Turkish President Recep Tayyip Erdogan has sacked the central bank governor and appointed a former finance minister to the post. Istanbul: Turkish President Tayyip Erdogan removed the central bank governor from his post on Saturday and replaced him with former finance minister Naci Agbal after the lira currency hit record lows, having lost 30% of its value since the start of the year. Lebanon’s Central Bank Governor Riad Salameh said on Thursday no financial transfers had been made from the central bank’s accounts. “I sincerely thank the leadership of the UAE, on appointing me in the position of Governor of the Central Bank of the UAE. The rest of the board’s members will include chairman Hareb Masoud Hamad Al Darmaki, vice president … Abdulhamid M. Saeed Alahmadi was appointed Governor of the Central Bank of the United Arab Emirates on April 2nd 2020. Central bank governor says office will accelerate transformation of digital payments and support financial inclusion The Central Bank of the UAE (CBUAE) announced on Wednesday the launch of a FinTech Office which aims to develop a mature financial technology ecosystem within the country. 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UAE central bank governor Abdulhamid Saeed Alahmadi said that things are looking better now for the country’s banks, suggesting that lenders have overcome the worst of the coronavirus pandemic. Saeed is replacing Mubarak Rashid Al Mansouri, who has been at the helm of the institution since 2014. ABU DHABI, 15th September, 2020 (WAM) -- Abdulhamid Saeed Alahmadi, Governor of the Central Bank of the UAE, CBUAE, has said that in light of the COVID-19 pandemic, central banks across the globe have played a fundamental role in promoting continued economic activity and safeguarding their respective banking and financial sectors. The United Arab Emirates' central bank is studying aid to Lebanon and will make a recommendation to the Gulf state's leadership, its governor said on Sunday. Lebanon’s central bank governor says no transfers made from bank’s accounts . H.E. It is an honor to perform this national duty, to lead a critical institution that promotes monetary and financial stability and lays the foundation for sustainable economic growth,” said Abdulhamid Saeed. But he warned that banks should continue to operate with caution.Lenders in the country have been on the frontline since the outbreak started, supporting companies and residents affected by the … UAE Central Bank appoints new governor; extends debt relief measures to December 31. As a former Board Member and former Group Chief Executive Officer of First Abu Dhabi Bank, Abdulhamid Saeed has an extensive record of service in the UAE banking sector and will continue the CBUAE’s successful trajectory in enhancing monetary and financial stability through effective supervision, ensuring prudent reserve management, and building and protecting a robust financial infrastructure in line with international best practices, the central bank said in a statement. Central Banker of the Year, Africa John Rwangombwa, National Bank of Rwanda. User Top Picks. His immediate priority will be the implementation of the Targeted Economic Support Scheme to contain the repercussions of the COVID-19 pandemic announced in March 2020. Nabiullina, economic adviser to Russian President Vladimir Putin, will take up her new post at Russia's central bank on June 24. The head of the central bank of the United Arab Emirates (UAE) is striking a critical tone toward bitcoin. Abdul Malik Yousef Al Hamar appointed Governor. was founded in 1971, but didn’t have a central bank for its first decade. Speaking during the IIF summit, Lobna Helal, deputy governor of the Central Bank of Egypt, said Cairo doesn't want to go back to the regime of fixing currency exchange rate. The UAE Central Bank has extended its Targeted Economic Support Scheme (Tess) for another six months until June 30, 2021 to continue its support for the economy during the Covid-19 pandemic. Saeed replaces former governor Mubarak Rashed Khamis Al Mansoori, who held this role since September 2014 and made invaluable contributions to facilitating a sound banking system resulting in improved financial system stability and economic growth during that time. Central Bank of the UAE Address: Al Falah Street, Souk Al Kabeer, Bur Dubai, DubaiLandmark: Near Ambassador Hotel Zip Code: 448 City of Dubai Phone number: +971 4 3939777 Categories: Government, Companies & Businesses 42 Reviews (2 / 5) Government. The UAE Central Bank’s board of directors has welcomed HE Abdulhamid Saeed to his position as the governor of the Central Bank of the UAE (CBUAE) following the issuance of the federal decree on his appointment as the governor on 2 April, 2020. and Please follow the instructions below to allow notifications to be sent from The National, Regulators have important role in setting policy to lessen economic fallout from pandemic, Abdulhamid Alahmadi said. The governor of the Central Bank of the UAE has stressed the need for regulators to set policies that lessen the economic impact of Covid-19. The meeting, which was held online because of the pandemic, was attended by the European Central Bank president Christine Lagarde, who discussed the measures taken so far and her outlook on the global economy. Other topics addressed at the meeting, which was organised by the Arab Monetary Fund, included the role of FinTechs and the effects of climate change on the financial system, and efforts against money laundering and terrorist financing. These are the worlds most over the top … Its share … In response to an Associated Press (AP) story about the COVID-19 sit... uation in Dubai, the Government of Dubai Media Office has reiterated that the emirate continues to maintain the … Terms of Use It speaks to the firm’s prominence in the country today that its former chief executive, Abdulhamid Saeed, has been UAE central bank governor since April. Central Bank of The UAE may take the appropriate measures to protect website against any loss, abuse or change of information available on the website on the condition that Central Bank of The UAE shall not guarantee to maintain confidentiality of the website contents. At the Central Bank, we have played a proactive role to build a mature FinTech ecosystem in the country, said Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE. We’ll send you latest news updates through the day. The decree said Kholifey, who had held the post since 2016, … Abdulhamid M. Saeed Alahmadi, the Governor of the Central Bank of the UAE was quoted saying that the new SVF Regulation will strengthen the public’s confidence in the use of digital products and services and foster development and innovation across the payments industry. Privacy Policy. UAE names new central bank governor. DUBAI: The central bank is studying three new requests for consumer microfinance licenses, said Bader Al-Otaibi, director-general of supervision of finance companies at the Saudi Central Bank (SAMA). Talk. The UAE government said yesterday it had replaced its Central Bank governor, Sultan bin Nasser Al Suwaidi, who has held the post since 1991, with Mubarak Al Mansouri, the chief executive of the Emirates Investment Authority, the federal sovereign wealth fund that helps invest the country’s oil revenues. Mohammed El Erian, chief economist at insurance giant Allianz, discussed international financial flows and their effect on emerging economies during the crisis. Dubai, the business and financial hub of the United Arab Emirates (UAE), has approved a 57.1 billion dirham ($15.55 billion) budget for 2021, when the econ Their sincere gratitude to Al Mansoori but recommends caution credit card, but didn ’ t have a Bank! 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