Ras Al Khaimah, United Arab Emirates – RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin ...

In-principle approval from the CBUAE marks a milestone in the bank’s digital assets strategy as it combines blockchain ...

This transaction represents the largest Blue Bond issued in the UAE and the GCC, and the largest Dual-Tranche Blue-Green Bond ...

What is missing in islamic banking reform is not Shariah intent, but the design thinking needed to translate that intent into a lived experience ...

Even Milton Friedman—who never supported gold as money—admitted that a monetary system based on gold would “take care of ...

RAKBANK receives in-principle approval from Central Bank of UAE to launch AED-backed stablecoin with 1:1 reserve backing ...

The decision of the Bombay High Court to set aside the complete write-down of approximately ₹8,415 crore worth of Additional ...

Against a backdrop of insatiable demand for compute, Web3 principles and technologies offer enterprises transparent, flexible ...

In May 2023, the Prudential Regulation Authority issued SS1/23 – Model Risk Management Principles for Banks, setting ...

In a key relief, the central bank has permitted existing related-party transactions that are non-compliant with the new rules ...

Basic economic principles suggest that higher tariffs should push up the price of imported goods, typically leading to a ...

The new design aims to reflect the bank’s shift from a regionally rooted institution to a national bank with a growing ...