CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...

Dubai is integrating cryptocurrency into flights and real estate transactions. Crypto use is popular in the UAE due to zero taxes and easy global payments. Top developers like DAMAC and Emaar accept ...

The UAE has carried out its first-ever cross-border payment with China using central bank digital currencies, marking a major breakthrough in digital finance and setting the stage for deeper ...

The United Arab Emirates (UAE) Securities and Commodities Authority (SCA) has recently announced its intention to accept applications from businesses aiming to offer cryptocurrency services within the ...

The United Arab Emirates has informed the secretariat of the Gulf Cooperation Council that it is pulling out of the proposed GCC monetary union, according to a report by the country’s official news ...

DUBAI, Oct 26 (Reuters) - The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world's largest pilot of central bank digital currencies (CBDC) transactions, with ...

The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, ...

BEIJING (Reuters) - China and the United Arab Emirates on Tuesday signed a currency swap agreement worth 35 billion yuan ($5.54 billion), the People's Bank of China said, adding that the deal was ...

India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the Abu Dhabi National Oil ...