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ANAX Holding boosts community giving with Emirates Red Crescent

The contribution highlights Anax Holding’s strong belief in reinforcing the values of social solidarity

Neesha Salian
Neesha Salian

18 March, 2026

ANAX Holding boosts community giving with Emirates Red Crescent

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ANAX Holding supported Emirates Red Crescent's Eid initiatives for vulnerable families in the UAE. Chairperson Satish Sanpal emphasized corporate social responsibility, highlighting the importance of partnerships between businesses and humanitarian organizations. The donation reflects ANAX Holding's commitment to impactful charitable work, aiding the ERC in expanding its programs and reaching more people in need.

This Eid, ANAX Holding, a Dubai-based investment firm, supported the noble initiatives carried out by the Emirates Red Crescent benefiting vulnerable families and individuals across the UAE.

During a visit to the Emirates Red Crescent Dubai Center, Satish Sanpal, founder and chairperson of ANAX Holding, emphasised the significant role of corporate engagement in driving social and humanitarian impact.

“We all have responsibilities toward the society we live in. This Eid, we wanted to reinforce our commitment to social responsibility by supporting the humanitarian work led by the ERC. Their efforts continue to make a meaningful difference in the lives of many people in the UAE and beyond,” said Sanpal.

The visit included discussions with Mohammed Ahmed Al Yamahi, director of the Emirates Red Crescent, Dubai Center, who welcomed the ANAX Holding team and highlighted the importance of collaboration between humanitarian organisations and the private sector in expanding charitable initiatives.

Anax Holding’s contribution supports company’s ethos

“The continued support of partners such as Sanpal and ANAX Holding plays a vital role in helping us expand our humanitarian programmes and reach more people in need,” said Al Yamahi.

The contribution reflects ANAX Holding’s ongoing commitment to supporting impactful charitable efforts that align with the company’s ethos and core values.

Starlink rolls out satellite internet offering in UAE with plans from Dhs230

To access the service, users must purchase Starlink’s hardware kits

Rajiv Pillai
Rajiv Pillai

18 March, 2026

Starlink rolls out satellite internet offering in UAE with plans from Dhs230
Image: Getty Images

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Starlink is now available in the UAE, offering satellite internet via LEO satellites as an alternative to traditional providers. Residential plans start at Dhs230, with hardware kits required (Dhs1,099+). Starlink provides connectivity in areas lacking traditional infrastructure, targeting industries in remote locations with reliable, high-speed internet. Pricing is mid-to-premium, emphasizing coverage over speed.

SpaceX’s Starlink has introduced its satellite internet offering in the UAE, positioning itself as an alternative connectivity solution alongside traditional fibre and mobile network providers, with residential plans starting from Dhs230 per month, as per the company’s website.

Starlink delivers internet through a constellation of low Earth orbit (LEO) satellites, enabling high-speed, low-latency connectivity without reliance on terrestrial fibre or 5G networks.

Residential plans and pricing

Starlink is offering two residential packages in the UAE. The standard Residential plan is priced at Dhs300 per month, while a lower-tier Residential Lite option is available at Dhs230 per month.

Both plans are designed to provide direct satellite-based internet access, targeting users who may face limitations with traditional service providers or require mobility across locations.

Industry observers note that the pricing places Starlink within the mid-to-premium range of existing home broadband packages in the UAE, but with a differentiated value proposition centred on coverage rather than speed alone.

Expanding connectivity use cases

Unlike conventional providers, Starlink’s service operates independently of ground-based infrastructure, allowing connectivity in areas such as desert locations, offshore environments, temporary project sites and mobile setups.

This capability is expected to be particularly relevant for industries operating in remote or hard-to-reach areas, where network reliability and deployment speed remain key challenges.

Hardware investment

To access the service, users must purchase Starlink’s hardware kits. The Standard Kit is priced at Dhs1,465, while a more compact Mini Kit is available for Dhs1,099.

The kits include a satellite dish, Wi-Fi router and installation components, enabling users to establish connectivity without relying on fixed-line installations.

UBS migrates 1.2 million clients in integration push

UBS CFO Todd Tuckner said on Wednesday the completion of the client migration would allow the bank to undertake the last stage of the integration, decommissioning the entire Credit Suisse platform

Reuters
Reuters

18 March, 2026

UBS migrates 1.2 million clients in integration push
Image: Getty Images

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UBS completed migrating 1.2 million Credit Suisse clients in Switzerland to its platform, a significant step in the ongoing integration. CEO Ermotti highlights strengthened franchise and expanded client offerings. CFO Tuckner expects substantial cost savings from decommissioning the Credit Suisse platform as the final integration stage begins.

UBS said on Wednesday it had completed the migration of former Credit Suisse clients in Switzerland onto its platforms, another major milestone in the bank’s integration of its former rival, which it acquired in 2023.

UBS CEO Sergio Ermotti said that with the step, the bank had transferred around 1.2 million clients globally.

“There is still much work to be done to complete the integration, but the end of the client migration strengthens UBS’ franchise and lays the groundwork for delivering an even broader and more seamless offering to all clients,” he said.

UBS CFO Todd Tuckner said on Wednesday the completion of the client migration would allow the bank to undertake the last stage of the integration, decommissioning the entire Credit Suisse platform, a step that would save it a lot of money.

Dubai Airport: How the world’s busiest aviation hub is functioning amid crisis

The continuity of retail operations, including shops and restaurants, has also played a role in maintaining a sense of normalcy for travellers

Nida Sohail
Nida Sohail

18 March, 2026

Dubai Airport: How the world’s busiest aviation hub is functioning amid crisis

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Amidst regional tensions, Dubai Airport (DXB) faced shutdowns and reopenings, prioritizing safety and connectivity. CEO Paul Griffiths emphasized swift threat detection and operational adjustments, enabling the airport to reroute flights and minimize disruptions. Despite challenges, DXB facilitated over a million passengers' journeys, focusing on communication, crowd control, and collaboration with regional airports, maintaining a calm passenger experience.

What happens when one of the world’s busiest international aviation hubs is thrust into crisis?

For Dubai International Airport (DXB), the answer has been a complex choreography of shutdowns, rapid reopenings, and a relentless focus on safety, while ensuring that global connectivity does not grind to a halt.

In an interview conducted 18 days into the disruption, Becky Anderson, CNN Abu Dhabi Managing Editor, spoke with Paul Griffiths, CEO of Dubai Airports, about how the airport has navigated a volatile operating environment marked by regional tensions and security threats.

Read more-Dubai Airports CEO Paul Griffiths to lead global SAF initiative

At one point, operations at the airport were suspended entirely due to safety and security concerns, a rare and serious move for a hub that typically handles hundreds of thousands of passengers daily.

“Into this. The airport’s on the move. Um. But earlier on, the airport’s operations were suspended. Closed for a period of time,” Anderson said, highlighting the stop-start nature of operations.

Responding to threats in real time

The cornerstone of the airport’s response has been its ability to detect and react to threats as they unfold.

“Well, firstly, the ability to detect and respond to threats as they’ve unfolded have been very, very effective and efficient,” Griffiths said.

This responsiveness has allowed authorities to dynamically adjust operations, closing airspace when necessary, reopening it when safe, and rerouting aircraft through designated corridors.

“We’ve opened it as the threat level has changed and we’ve been able to keep aircraft in the air and obviously to route through corridors that are properly designated by the GCAA across here, and obviously holding aircraft at outstation,” he said.

The strategy has ensured that flights remain airborne when possible, divert safely when needed, and avoid unnecessary congestion at the airport itself.

Despite the operational challenges, Dubai Airport has continued to move passengers at scale.

“We facilitated the journeys of over a million passengers over the last 17 days,” Griffiths said.

While that figure represents a significant drop from normal throughput, recovery has been swift.

“Recovery rate is significant. We’re back up to about 40-45% of normal traffic movements,” he added.

On a typical day, DXB handles around 320,000 passengers. Disruptions to that scale create cascading challenges across the entire travel chain, from check-in and baggage handling to immigration and onward connections.

To manage this, the airport focused heavily on communication and crowd control.

“Well, first of all, when schedules are disrupted and in a normal day, we would handle something like 320,000 customers through DXB. So when that supply chain gets interrupted, it’s incredibly important that we keep people informed, keep people already at the airport safe and secure,” he said.

Authorities also worked to prevent overcrowding by advising passengers to come to the airport only when necessary.

“We dealt with the backlog and got people to the places they needed to be and also provided the information to make sure that people only came to the airport when they needed to be,” he explained.

A calm frontline experience

Despite the turmoil behind the scenes, the passenger experience has remained notably stable.

“The airport has remained calm and composed and the many different comments we’re getting from our customers I think suggests that for the most part we’re doing a reasonably good job,” Griffiths said.

Anderson herself corroborated this assessment based on first-hand experience.

“I used the airport in Abu Dhabi very early on Sunday morning. It was a seamless experience. I flew back into Dubai that same day. I have to say. A seamless experience, very efficient, very effective,” she said.

The continuity of retail operations, including shops and restaurants, has also played a role in maintaining a sense of normalcy for travellers navigating uncertain conditions.

A key element of the recovery strategy has been close coordination with other airports across the region.

“So what we’ve done is we’ve worked closely with all of the other airports in the region to make sure that the number of flights is carefully scheduled and predicted in advance,” Griffiths said.

This collaborative approach has allowed for optimised use of limited airspace capacity, helping reduce delays and maximise the number of flights that can operate safely.

“That has enabled us to minimise delays and to get as many people moving as we possibly can,” he added.

The invisible engine: Aviation’s complex ecosystem

Beyond flights and passengers lies a vast and intricate ecosystem that must function seamlessly, even under stress.

“Operational recovery isn’t just about restoring flights. It’s about ensuring the stability and security of the entire ecosystem,” Anderson said.

Griffiths emphasised the sheer scale of coordination required.

“If you look at the fact that, from when an aircraft takes off from an overseas origin and lands here in Dubai, the amount of steps in that journey and the number of people and different organisations involved is quite incredible,” he said.

Stakeholders include air traffic controllers, government agencies, airlines, ground handling companies, civil defense units, and even airport retailers.

“The liaison we’ve had with air traffic controllers, with all of the different government organizations that have managed to keep all those airways open and yet safe and secure, has been incredible,” he said.

He added that even supply chains within the airport, such as food and retail, have remained resilient.

“The retailers that have kept the food in our restaurants and bars here in the airport… everyone has played an incredible part,” he said.

Airlines, insurance, and industry pressure

The crisis has also exposed vulnerabilities within the global aviation industry, particularly around insurance and risk management.

“There are airlines who have suspended flights… What is your message to the aviation industry at this point?” Anderson asked.

“I think most of the problem has been insurance,” Griffiths said.

He pointed to the need for government support to sustain airline operations during periods of heightened risk.

“If foreign governments would underwrite… the operation of their airlines to the UAE, then obviously we’ll do everything we can to facilitate those,” he said.

Balancing demand within limits

With limited capacity, questions have emerged about whether certain airlines, particularly home carrier Emirates, are being prioritised.

“We’re not turning anyone away that wants to mount an operation,” Griffiths said. However, constraints remain unavoidable.

“Obviously, with the limited capacity, particularly through the air corridors, we’ve got to do things to limit the delays,” he added.

The real test of resilience came when a nearby fuel tank incident, caused by either a rocket or debris, triggered fires close to the airport.

“Well, the first thing, obviously, is safety and security,” Griffiths said. Emergency response systems were activated immediately.

“The civil defence were there within minutes to contain the situation, and the normal operation I think resumed fairly shortly thereafter,” he said.

Dubai’s strategic importance in global aviation adds urgency to its recovery.

“The aviation ecosystem in the Middle East is incredibly important to the world,” Griffiths said.

“The world cannot do without that. I mean, one third of the world’s population is within four hours flying time of Dubai and two thirds within eight hours flying time.”

This geographic advantage makes DXB not just a regional hub, but a critical node in global connectivity.

While operations have stabilised, the path back to full capacity depends on broader geopolitical developments.

“When the missiles stop… how quickly can you bounce back to normal operations?” Anderson asked.

“We are doing everything we can to preserve both the capability and the confidence to bring our operations up to 100 per cent capacity as quickly as we possibly can,” Griffiths said.

He remains confident in the airport’s resilience. “We will bounce back from the current situation very, very quickly. Of that I’m very, very convinced,” he added.

Building institutional confidence: Hafez Baker on Traders Hub’s Vision 2026

Traders Hub’s COO shares how he plans to build a capital‑strong, institutionally aligned brokerage and investment platform that can scale regionally while keeping governance and risk discipline at its core

Gulf Business
Gulf Business

18 March, 2026

Building institutional confidence: Hafez Baker on Traders Hub’s Vision 2026
Image: Supplied

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Traders Hub aims to evolve into a globally trusted financial institution by 2026, expanding from a brokerage to a multi-asset brokerage and portfolio management platform. COO Hafez Baker emphasizes capital strength, digital innovation (especially mobile applications and AI for risk management), and cross-border regulatory alignment, mirroring the UAE's focus on regulatory excellence. The firm plans to offer diversified investment solutions...

Traders Hub has spent the past few years building a reputation for regulated transparency, technology‑driven execution and responsive client support in the UAE’s fast‑expanding trading landscape.

As the Abu Dhabi‑headquartered firm eyes its 2026 vision, Gulf Business speaks with COO Hafez Baker about how he plans to build a capital‑strong, institutionally aligned brokerage and investment platform that can scale regionally while keeping governance and risk discipline at its core.

At a time when regulators such as the Dubai Financial Services Authority (DFSA) are emphasising regulatory excellence, innovation and sustainability, and when category‑1 brokers like Traders Hub must operate under strict oversight from the Capital Markets Authority (SCA), Baker’s vision is intentionally measured.

The former chief operating officer, who helped launch an exclusive trading account for Emirati citizens that leverages advanced infrastructure and zero‑fee transactions, now has a broader remit: to transform Traders Hub into a multi‑asset brokerage and portfolio management platform built on capital strength, digital innovation and cross‑border regulatory alignment. In this interview, Baker outlines his roadmap for 2026 and beyond.

What is the overarching vision for Traders Hub in 2026, and how does it differ from the firm’s launch phase?

Our vision for 2026 is to evolve Traders Hub from a pure brokerage into a globally trusted financial institution. When we launched a multi‑asset broker in 2022, our goal was to provide access to more than 1,000 instruments across forex, indices, shares, ETFs, and commodity CFDs, and to offer account types tailored to retail and institutional traders. That foundation proved we could execute with institutional‑grade tools and comply with the SCA’s stringent oversight.

By 2026, we envision a platform that delivers institutional‑grade execution, diversified investment solutions and a consistently excellent client experience. That means launching a fully‑fledged portfolio management platform with managed portfolios and fund products, adding mutual funds and index strategies to the product mix, and integrating real‑time risk dashboards for both retail and institutional clients. It also means embedding governance into every decision. We will maintain capital buffers well above regulatory requirements, ensuring that our solvency and liquidity remain robust even in volatile markets.

Crucially, the vision is both global and regional. We see ourselves operating across multiple jurisdictions with a governance model that aligns with the DFSA’s emphasis on risk‑based regulation and technological innovation. While our headquarters remain in Abu Dhabi, our strategic direction is to become a regional hub with global structuring capabilities.

How does the UAE’s regulatory and market environment shape your strategy?

The UAE’s financial ecosystem is unique: it is both a regional hub and a test bed for global regulatory innovation. The DFSA’s 2025–2026 Business Plan talks about advancing regulatory excellence, driving innovation and fostering sustainability. Those themes mirror our own roadmap. Being licensed by the SCA under Category 1 to deal in OTC derivatives and spot FX means we already operate at the highest level of brokerage authorisation. Our licence subjects us to rigorous capital adequacy, client fund segregation and reporting requirements, which we view not as constraints but as enablers of trust.

UAE regulators are also embracing digital transformation. The DFSA highlights initiatives like its Innovation Testing Licence and regulatory sandboxes to support fintech. For Traders Hub, that regulatory openness provides a clear pathway to expand into digitally delivered portfolio and fund management products. At the same time, we are mindful of the need to align with cross‑border rules when serving clients in other GCC countries and beyond. Our expansion plans factor in licensing requirements in each jurisdiction and the need for harmonised KYC/AML frameworks.

Finally, the UAE’s aspiration to be a global financial hub aligns with our institutional ambitions. The government’s economic agenda emphasises financial inclusion and innovation; our exclusive Emirati account offering zero‑fee transactions and advanced infrastructure is one example of how we contribute to that vision. We will continue to design products and services that support the UAE’s national priorities while attracting global capital and expertise.

Technology is at the centre of your strategy. What are the key digital initiatives on your roadmap?

Technology is not a buzzword for us; it is infrastructure. Our trading platform already provides access to a vast universe of instruments via our proprietary interface and MetaTrader 4/5. Over the next 18 months, we will expand that with a comprehensive mobile application that offers full account opening, funding and trading capabilities. This app will integrate advanced CRM workflows, biometric onboarding, real‑time risk analytics and a suite of educational tools. It’s designed to meet the needs of retail traders who demand seamless, on‑the‑go access as well as institutional clients who require secure mobile execution.

We are also investing in back‑end infrastructure. In 2025, we launched an exclusive account for Emirati clients that includes free VPS hosting for high‑volume traders and advanced connectivity. That architecture will form the basis of our wider institutional offering, including improved order routing, execution monitoring dashboards and liquidity‑neutral trade allocation. We are upgrading our core order management system to support multi‑asset clearing, and we will use AI and machine‑learning tools to enhance our KYC and anti‑financial‑crime processes.

Longer term, we intend to build a digital portfolio management platform. This will provide clients with curated model portfolios, risk‑adjusted strategies and the ability to access mutual funds and ETFs directly through our interface. Importantly, we will not position AI as a gimmick; as the DFSA notes, regulators are increasingly providing clarity on areas such as AI and fintech while safeguarding market integrity. Our use of AI will therefore be focused on automation and risk management rather than black‑box investment decision‑making.

You plan to enter portfolio and fund management. Why make that move, and how will you ensure governance?

Expanding into portfolio and fund management is a logical progression for a capital‑strong broker. Our clients are increasingly looking for managed solutions that diversify risk and provide access to global markets in a regulated way.

By offering managed portfolios, we can broaden our revenue base without compromising our core brokerage business. It also enables us to serve institutional clients – pension funds, corporates and family offices – who require bespoke strategies and consistent governance.

We will pursue this expansion carefully. First, we will seek the necessary approvals from the SCA and other relevant regulators to operate as a portfolio manager and investment advisor. Our internal risk committee is already developing the governance frameworks needed to separate brokerage operations from investment decision‑making.

Second, we plan to partner with regulated fund administrators and custodians to ensure that client assets are segregated and that reporting meets international standards.

Third, our digital platform will include risk assessment tools and suitability questionnaires to ensure that clients only access products that match their profiles.

Governance is non‑negotiable. Our capital buffers will remain above regulatory minimums, and we will disclose our risk management policies in a transparent manner. Forward‑looking statements about this business line will be framed as strategic initiatives and not as projections. In short, portfolio management is a destination in our 2026 roadmap, but our approach is measured and compliance‑first.

Traders Hub often talks about capital strength and risk discipline. How do you maintain solvency while scaling?

Capital strength is the bedrock of any financial institution. Being a Category 1 broker licensed by the SCA means we must hold a high level of regulatory capital. Beyond that, we voluntarily maintain buffers above the minimum to safeguard our operations. We are privately funded with a shareholder base that understands the importance of long‑term solvency over short‑term returns. Every new product or market we enter is stress‑tested against our capital plan to ensure that it does not compromise our financial position.

Risk discipline also means diversifying liquidity sources without naming specific providers. We work with multiple counterparties to reduce concentration risk, and our treasury policy limits exposure to any single bank or institution.

Our risk management framework includes daily stress testing, scenario analysis, and a dedicated chief risk officer who reports directly to our board. When we launched our exclusive Emirati account, for example, we offered high leverage up to 1:1000 but paired it with stop‑out protections and zero‑fee withdrawals to ensure that clients could manage risk effectively. Those principles – empowering clients while protecting the firm – will continue to guide us.

Finally, we believe that transparency builds confidence. On our public website, we disclose our licence number, regulatory category and authorised activities. That disclosure, along with regular communications about our capital position, is how we build a reputation for solvency and trustworthiness.

What does growth look like between now and 2027? Which markets and client segments are priorities?

Our growth strategy has three pillars: geographic expansion, institutional scaling and product diversification. Geographically, we intend to deepen our presence across the GCC while exploring licences in select high‑growth markets in Asia and Africa. We recognise that each jurisdiction has its own regulatory landscape, and we will only enter markets where we can align our governance standards with local rules. This approach mirrors the DFSA’s focus on proportionate enforcement and streamlined licensing.

On the institutional front, we plan to build out infrastructure tailored to high‑touch clients. That includes dedicated institutional onboarding teams, custom reporting dashboards, and improved liquidity aggregation. We will leverage the advanced infrastructure developed for our Emirati account – such as free VPS hosting and enhanced execution speeds – to serve hedge funds, asset managers and corporate treasuries. Our goal is to offer institutional clients the same transparency and efficiency that retail traders enjoy, but with the scalability and customisation they require.

Product diversification is the third pillar. In addition to launching portfolio management and mutual fund access, we will introduce investment products such as structured notes and thematic baskets, subject to regulatory approval. We will also roll out a premium client programme with personalised market insights, enhanced support and loyalty benefits. These initiatives are part of our broader plan to increase assets under management and trading volume without sacrificing risk discipline.

We are cautious about making projections. Instead, we view this as a roadmap: by 2027, we aim to have a fully operational portfolio management division, a mobile app serving tens of thousands of clients, and a presence in at least two new jurisdictions. Whether or not we hit these milestones will depend on regulatory approvals, market conditions and our capital plan, but the strategic direction is clear.

As COO of Traders Hub, how would you describe your leadership philosophy as you embark on this transformation?

I see myself as a strategic architect rather than a day‑to‑day operator. My role is to build an institutional framework that allows Traders Hub to scale responsibly. That starts with governance: ensuring that our board, risk committee and executive team have clear mandates and that our decision‑making processes are transparent and data‑driven. It also means championing capital discipline – we will not chase growth at the expense of solvency.

Another pillar of my leadership is digital transformation. I championed the rollout of advanced infrastructure for Emirati clients, and I will continue to drive technology adoption across the organisation. However, I believe technology must serve people. In our early years, we invested heavily in multilingual support teams and localised services, recognising that clients value human expertise as much as digital efficiency. That philosophy persists: technology enables scale, but trust is earned through human relationships.

Finally, I am deeply focused on talent and culture. The DFSA’s business plan emphasises investing in talent and building a resilient, agile organisation. Similarly, we are investing in training programmes, leadership development and a culture of continuous learning. We want our employees to understand not just the mechanics of trading but the importance of governance, risk management and client service. In my view, the long‑term ambition is not to create the largest broker by volume, but to build a firm that sets the standard for capital strength, innovation, and trust across the region.

Conclusion

Hafez Baker’s strategic roadmap positions Traders Hub at the intersection of regulation, technology and capital discipline. In a market where regulators are raising the bar on innovation and risk management, the firm’s focus on maintaining capital buffers, investing in digital infrastructure and expanding into portfolio management underscores a commitment to long‑term solvency and client trust.

With plans to launch a mobile app, build a portfolio management platform and expand across the GCC, the company aims to evolve from a regulated broker into an institutionally aligned financial partner. Whether the 2026 vision is fully realised will depend on regulatory approvals and market conditions, but the direction is clear: Traders Hub is building for the future, one disciplined step at a time.

CBUAE approves resilience package, says banking sector remains stable

The central bank said the UAE’s banking sector, with total assets of about Dhs5.4tn ($1.47tn), remains underpinned by strong fundamentals

Neesha Salian
Neesha Salian

18 March, 2026

CBUAE approves resilience package, says banking sector remains stable
Image: CBUAE/ WAM

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The CBUAE affirmed the UAE's resilient financial system despite global challenges, citing strong banking sector fundamentals and ample liquidity. The board approved a resilience package with five pillars, including expanded liquidity access, temporary ratio relief, capital buffer flexibility, and deferred loan classification. This aims to bolster banks' capacity to navigate conditions and support the national economy.

The board of the Central Bank of the UAE (CBUAE) said the country’s financial system has remained resilient despite “extraordinary” global and regional market conditions, approving a package of measures to support banks and the broader economy.

The board, chaired by Sheikh Mansour bin Zayed Al Nahyan, held its second meeting of the year and noted there had been no material impact on the health of the banking sector or payment systems.

To reinforce stability, the board approved a financial institution resilience package aimed at strengthening banks’ capacity to navigate current conditions and continue lending.

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The central bank said the UAE’s banking sector, with total assets of about Dhs5.4tn ($1.47tn), remains underpinned by strong fundamentals.

It added that foreign exchange reserves exceed Dhs1tn, with a monetary base cover ratio of 119 per cent.

Liquidity in the banking system also remains robust, with total liquidity held by banks at the central bank and eligible assets for its operations reaching nearly Dhs920bn. Of this, reserve balances account for more than Dhs400bn.

CBUAE resilience package measures

The resilience package includes five pillars, covering expanded access to liquidity, temporary relief on funding and liquidity ratios, and flexibility in capital buffers.

It also allows banks to defer classification of certain loans for customers affected by current conditions.

The measures include enabling banks to access up to 30 per cent of their cash reserve requirements and providing term liquidity facilities in both dirhams and US dollars.

The central bank said it stands ready to deploy additional policy tools to safeguard financial stability and ensure continued support for the national economy.

Sheikh Mansour said the UAE’s financial strength reflects long-term policy planning and proactive regulatory frameworks, adding that the country’s banking system continues to demonstrate resilience and global competitiveness.

At a glance: Five pillars and what they offer

  • Monetary measures: Access up to 30 per cent of reserve balances, plus Dhs and USD liquidity facilities
  • Liquidity relief: Temporary easing of liquidity and funding ratios
  • Capital relief: Release of Countercyclical Capital Buffer (CCyB) and Capital Conservation Buffer (CCB)
  • Credit flexibility: Delay loan classification for affected borrowers
  • Ongoing support: Banks urged to continue lending to the economy

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