Economy Politics Country 2026-03-19T22:23:03+00:00

UAE Banking Sector Shows High Resilience

Arab Banks Union Secretary-General highlights the UAE's strong financial infrastructure and banking sector's readiness.


UAE Banking Sector Shows High Resilience

The Secretary-General of the Arab Banks Union, Dr. Wasseem Fattouh, confirmed that the banking sector in the United Arab Emirates enjoys a high degree of resilience and readiness. He emphasized that the UAE has been able to build a robust financial infrastructure capable of withstanding global economic shocks. According to him, this is the result of the country's leadership's forward-looking policies and the adoption of advanced technologies in the banking sector. Fattouh also highlighted the importance of international cooperation to strengthen the stability of the financial sector in the region. He expressed confidence that the UAE's banking sector will continue to play a key role in supporting economic growth.