Tag : Central Bank of the UAE

Business

UAE economy extends global rise on strong 2026 data

omandailynews.com
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment, reinforcing its position as one of the region’s fastest-growing economies. Releases published in the first quarter and early second quarter pointed to solid momentum carried......
Business

UAE central bank clears DDSC dirham stablecoin launch

omandailynews.com
CryptoWire, ABU DHABI: The Central Bank of the UAE has approved the launch of a UAE dirham-backed stablecoin called DDSC, enabling it to go live on ADI Chain, the companies behind the project said on February 11, 2026. The approval adds another regulated digital payment instrument to the UAE’s expanding financial technology ecosystem, with......
Travel

UAE airports handle over 71.7 million passengers in the first half of 2024

omandailynews.com
UAE airports saw a 14.2% increase in passenger traffic in H1 2024, handling over 71.7 million passengers, marking a strong recovery for the aviation sector and boosting economic growth....
Travel

UAE’s aviation sector soars: 31.8 million passengers in Q1 2023

omandailynews.com
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in the first quarter of 2023. This figure represents a notable surge from the same period in 2022 when the passenger count was around 20.4 million,......