UAE Banking Transfers Hit 22 Trillion Dirhams

Banking sector transfers in the UAE via the UAEFTS system reached 22.056 trillion dirhams in the first 11 months of 2025, according to the Central Bank.

The value of transfers executed in the UAE's banking sector via the UAEFTS financial transfer system reached 22.056 trillion dirhams during the first 11 months of 2025, according to the latest statistics from the Central Bank of the UAE. This figure highlights significant activity in the country's financial sector.

Latest news

See all news

2026-01-29T10:22:40+00:00

World Governments Summit 2026: Shaping Future Governments

The World Governments Summit 2026 in Dubai will gather over 6,250 global leaders to discuss key themes like global governance, economic prosperity, and future technologies. The summit features 25 forums, 45+ high-level meetings, and aims to develop strategies to address global challenges.

Politics Economy Events Local

2026-01-29T10:14:13+00:00

Sterling Releases Hospitality Market Trends Report

Sterling Hospitality Consulting has released a new report analyzing key trends and forecasts for the hospitality market, noting increased demand for eco-friendly and tech solutions.

Economy Events Local

2026-01-29T07:21:40+00:00

RTA Completes 67 Traffic Improvement Projects in Dubai

In 2025, Dubai's RTA completed 67 traffic projects, cutting travel times by up to 45% and increasing capacity by 33%. Over 45 more initiatives are planned for 2026.

Economy Politics Sport Local

2026-01-29T02:05:31+00:00

Emirates to Hire 20,000 Employees in Next Five Years

Emirates announced a massive hiring plan due to fleet expansion and high travel demand to Dubai. The airline expects to receive 17 new aircraft and is actively modernizing its cabins.