July 12, 2021
1 min read

CBUAE unveils strategic objectives for 2023-2026

In an announcement today, CBUAE said that its strategy includes 7 objectives including the issuance of a digital currency…reports Asian Lite News

The Central Bank of the United Arab Emirates (CBUAE) has announced its 2023-2026 strategy, which seeks to position it among the world’s top 10 central banks.

In an announcement today, CBUAE said that its strategy includes 7 objectives, including the issuance of a digital currency and driving digital transformation in the UAE’s financial services sector by utilising the latest artificial intelligence and big data solutions.

The strategy will also see technology used across inspection, monitoring and insurance systems, in addition to utilising the UAE’s digital ID infrastructure (UAE Pass) to bolster financial inclusion and easy access to financial services.

Besides seeking to develop advanced and secure cloud infrastructure to operate financial and insurance services, the strategy aims to support the UAE’s green economy efforts and continue work to develop more innovative financial infrastructure to boost the UAE’s competitiveness in this field.

In line with the objective of the UAE Centennial 2071 to make the UAE the best globally, CBUAE launched a survey titled ‘Future Expectations and Needs of Partners Survey’, which is scheduled to be conducted on 15th July, 2021, urging its partners to participate.

ALSO READ: Saving accounts in banks drew AED9.77 bn in 4 months

Previous Story

NRI Sohan Roy gets Better World Fund Unity Award

Next Story

Dubai ruler inaugurates series of new road networks

Latest from -Top News

Macron Eyes UK Shift on Palestine

While both France and the UK agree in principle on recognising a Palestinian state, there are significant differences over the timing and political conditions…reports Asian Lite News French President Emmanuel Macron is

‘Global firms profiting from Gaza genocide’

Report by Francesca Albanese singles out companies such as Palantir and calls for prosecutions…reports Asian Lite News The UN special rapporteur on human rights in the occupied Palestinian territories has called for

Mamdani: South Asian Pride or Parental Pressure?

For millions, Mamdani’s rise symbolizes both unprecedented representation and a new benchmark for parental expectations. The question now echoing across continents is whether this is a moment of collective pride or another

Texas floods leave at least 51 dead

The flooding in Kerr County killed at least 43 people, including 15 children, and at least eight people died in nearby counties…reports Asian Lite News Rescuers scoured a devastated central Texas landscape
Go toTop

Don't Miss

CBUAE explores initiatives to achieve ‘Zero Bureaucracy’

The initiative aims to take a significant step in government

 CBUAE Balance Sheet ouches Dh670b mark

The report highlights a robust 30.4% YoY increase in the