CBUAE signs MoU with National Bank of Kazakhstan and The Agency of the Republic of Kazakhstan
As part of the MoU, the three parties will exchange information and expertise on best practices and regulations for developing local financial markets, FinTech, and promoting central bank digital currencies (CBDCs) and enabling their use in cross-border transactions among the participating parties. The MoU includes the sharing of supervisory information, facilitating cooperation in the areas of Islamic banking and finance, cybersecurity, and technical cooperation.
H.E. Khaled Mohamed Balama, Governor of the CBUAE, said: 'This MoU embodies the depth and strength of the economic partnership between the UAE and the Republic of Kazakhstan, and opens broad prospects for our institutions to further develop this partnership in the commercial, investment, and financial sectors. The Central Bank's proactive approach expands cooperation with regional and international partners, deepening joint business opportunities in the financial and banking sectors to support the UAE's economic, trade, and investment goals. We look forward to close collaboration with our partners in Kazakhstan to enhance financial stability, develop the financial system, and achieve our mutual interests.'
H.E. Timur Suleimenov, Governor of the National Bank of Kazakhstan, said: 'The collaboration between the Central Bank of the UAE and the National Bank of Kazakhstan aims to deepen economic partnerships and advance cooperation in finance, banking and CBDCs, driving sustainable development. We will use our expertise in financial technology and payment systems to achieve shared objectives and foster economic prosperity.'
H.E. Madina Abylkassymova, Chair of The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, said: 'We are pleased to sign this MoU with the Central Bank of the UAE, creating a framework for cooperation to enhance financial stability and regulatory practices in both jurisdictions. We commend the UAE's financial sector regulations and look forward to exchanging expertise to develop world-class financial services and strengthen market regulation, fostering economic and trade cooperation.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
4 hours ago
- Gulf Today
UAE Central Bank slaps Dhs5.9m fine on foreign bank
The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dhs5,900,000 on a foreign bank operating in the UAE, pursuant to Article (14) of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and its amendments. The financial sanction is based on a CBUAE examination, which revealed the bank's failures to comply with its Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations framework, and related regulations. The CBUAE, through its supervisory and regulatory mandates, endeavors to ensure that all banks and their staff abide by the UAE laws, regulations and standards established by the CBUAE to maintain transparency and integrity of the financial transactions and safeguard the UAE financial system.
Broadcast Pro
7 hours ago
- Broadcast Pro
Viory expands outreach with new deals across Africa and Arab nations
The partnerships aim to strengthen cross-border media collaboration across Africa and the Arab world through content exchange, technological integration, and knowledge sharing. Viory, the video news agency focused on the Global South, has strengthened its presence across Africa and Arab-speaking countries by forging new alliances with leading regional media organisations. At the 25th Arab Radio and Television Festival hosted by the Arab States Broadcasting Union (ASBU) in Tunisia, Viory signed Memoranda of Cooperation with Agence Tunis Afrique Presse (TAP) and the O.I.C States Broadcasting Union (OSBU). These collaborations reinforce Viory's commitment to building cross-regional bridges between Africa, the Middle East, Asia and the broader Global South. TAP and OSBU are key players in developing regional media landscapes, and their collaboration with Viory underscores a shared commitment to content exchange, mutual growth, and technological advancement. Through its partnership with TAP, Viory plans to facilitate content sharing and joint projects that will enrich national media ecosystems and deepen understanding of local markets and cultural contexts. The agreement also establishes a framework for sharing knowledge and raising journalistic standards to meet the demands of the digital era. The newly formed alliance with OSBU, a network of broadcasting organisations representing O.I.C member states, will give Viory access to an extensive array of media outlets. This strategic collaboration is designed to enhance cross-border content distribution and foster cooperation on a broader scale across the Islamic world. Zulayho Siddikova, General Manager of Viory, said: 'These new partnerships with Agence Tunis Afrique Presse and the O.I.C States Broadcasting Union are instrumental to Viory's ambitious outreach into Arab world, African region and beyond. Following our successful Memorandum of Cooperation signing with the Ethiopian Broadcasting Corporation, these latest agreements reinforce our dedication to building a strong network of media partners across the Global South.' Siddikova added: 'We are excited to leverage these collaborations to deliver innovative solutions and high-quality content that empowers local media and connects communities.' Together, the new partnerships highlight Viory's expanding role as a cross-regional connector in today's multilingual and multicultural media environment.
ARN News Center
a day ago
- ARN News Center
Bank fined AED 5.9 million for violating UAE's anti-money laundering law
The Central Bank of the UAE has penalised a branch of a foreign bank operating in the country with a fine of AED 5.9 million for violating the country's anti-money laundering law. The penalty was imposed after assessing the findings of an examination conducted by the CBUAE. According to a statement issued by the CBUAE, the bank did not comply with Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all banks, their owners and staff abide by the country's laws, regulations and standards to safeguard the transparency and integrity of the financial system.
