Monday’s central bank statement also said that UAE banks were in a good position, and insulated from the current turmoil in financial markets, adding that banking indicators were positive. “The Central Bank of the United Arab Emirates stands out as one of the most essential frontline institutions in the country. The Board of Directors of the Central Bank of the UAE, CBUAE, held its third meeting this year via video conference under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, the UAE’s national currency. Top Abu Dhabi banker Khalifa Mohammed Al-Kindi is the new chairman of the UAE's central bank, a statement from the bank after a board meeting showed on Monday. The central bank governor Mubarak Rashed Al Mansoori has met with Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation and discussed ways to improve competencies of UAE nationals in the banking sector, according to the central bank statement. UAE Central Bank Image Credit: File photo Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued a federal decree to reshuffle the UAE Central Bank’s board of directors. “This is not a policy environment where we would expect a serious economic slowdown. Kindi, 53, began his career at the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. Luther Deaton, Jr., is the Chairman, President and Chief Executive Officer of Central Bank. HH highlighted the importance of the UAE’s transition to open data concepts and foundations. “If you look at the last 30 year, 40 years, they have achieved, 7 to 8 per cent returns. Abu Dhabi: The Central Bank of UAE hosted the Government FinTech Forum in Abu Dhabi on Wednesday at the FinTech Abu Dhabi Festival 2020. Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank. Khalifa Mohammed Al Kindi, Chairman, Central Bank of the UAE: Interview with Oxford Business Group. The meeting was attended by Abdulrahman Saleh Al Saleh, Deputy Chairman of the Board … He is also a former chairman of National Bank of Abu Dhabi, the UAE’s top lender by market capitalization. Sultan Nasser al-Suweidi remains governor of the bank for now, according to the bank statement, although his term, which expired in July, has yet to be officially renewed. The organizational chart of Central Bank UAE displays its 9 main executives including Abdulhamid Saeed and Mohammed Al Falasi × We use cookies to provide a better service. Kindi, who has an economics degree from Eastern Michigan University in the United States, also chairs asset manager Invest AD, owned by the council, and sits on the boards of several state entities. “Emirates NBD stands in solidarity with the UAE government and … Since 2012, Mr AlKindi has also been the Chairman of the Central Bank. In 2007, Kindi joined the Abu Dhabi Investment Council, an investment arm of the government of oil-rich Abu Dhabi, where he now serves as managing director and member of the executive committee. UAE Central Bank. Get daily business news from the region delivered straight to your inbox. Abu Dhabi: The Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2017 on Tuesday under the chairmanship of Khalifa Mohammad Al Kindi, Chairman of the Board. Abu Dhabi–The 10th of December 2020 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. Decretal Federal Law No. Central Bank Gov. HH highlighted the importance of the UAE’s transition to open data concepts and foundations. The Board of Directors of the Central Bank of the UAE, CBUAE, recently held its 5th meeting for 2018, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. Published in The Report: UAE: Abu Dhabi 2020 advertisement info. The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, has issued a Federal Decree restructuring the board of directors of the Central Bank of the UAE. Mr Kindi replaces Khalid Foulathi, whose four-year term ended in July. Khalifa Mohammed Al Kindi, Chairman, Central Bank of the UAE: Interview with Oxford Business Group. The United Arab Emirates’ central bank has appointed a new chairman of the board, Khalifa al-Kindi. “And don’t ignore the human talent that Adia provided to the system,” he says. Since 2012, Mr AlKindi has also been the Chairman of the Central Bank. The UAE central bank promotes financial and monetary stability, efficiency and resilience in the financial system. Published in The Report: UAE: Abu Dhabi 2020 The Board of Directors of the Central Bank of the UAE (CBUAE), held their fourth meeting this year via Video Conference on Sunday 3rd May 2020. Published in The Report: UAE: Dubai 2018 Abdul Malik Yousef Al Hamar appointed Governor. 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. “His is a strong appointment that will be welcomed by banks that are looking for a more dynamic leadership than in the past. By continuing your navigation, you consent to their use. If you would like to continue using our website after making such changes to such privacy policy, this means that you accept them. The meeting hosted at CBUAE Head Office, took place under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board.The meeting was attended by .. The Board of Directors of the Central Bank of the UAE, held its first meeting for 2019 following its restructuring, on 14th January 2019, at the Central Bank … He succeeds Khalil Foulathi, whose four-year term as chairman of the central bank also expired in July. It was unique at the time after oil prices went through the roof. ABU DHABI, Nov 5 (Reuters) - Top Abu Dhabi banker Khalifa Mohammed al-Kindi is the new chairman of the United Arab Emirates’ central bank, a statement from the bank after a … HH and the Chairman of the Board of Directors reviewed the UAE Central Bank’s latest plans and achievements in terms of developing systems to support the growth of the banking sector, as per the UAE Vision 2021 national agenda. Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, delivered a keynote speech on … 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, the UAE’s national … The chairman, who heads board meetings and has the final say on policy decisions, is involved in strategic decision-making, while the governor steers the bank’s day-to-day operations and represents it at high-level international events. Abu Dhabi–The 10th of December 2020 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. UAE Central Bank raises interest rates by 25 basis points _____ Richard Jerram, chief economist at Bank of Singapore said the Fed chairman “gave a reminder to financial markets that even though policy has been tightening, it is still relatively loose”. 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. “And don’t ignore the human talent that Adia provided to the system,” he says. DUBAI: The UAE Central Bank’s board of directors has been reshuffled under a decree by President Sheikh Khalifa bin Zayed, according to the state news agency WAM. Mr Kindi replaces Khalid Foulathi, whose four-year term ended in July. (14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities issued. Government FinTech Forum hosted at FinTech Abu Dhabi Festival. It was unique at the time after oil prices went through the roof. 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