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FINANCIAL NEWS
UAE CB posts 0.45% rise in Q1 financial transactions
17 Apr 2013
(MENAFN) The Central Bank of the UAE stated that the number of financial transactions executed via the UAESWITCH during the first quarter rose by 0.45 percent to 16.898 million from 16.821 million in last year’s fourth quarter, reported Gulf News.
Meanwhile, the total number of financial deals carried out through connections of the UAESWITCH to the GCC Switches jumped by 23.34 percent.
The figure reached 1.120 million transactions, from 908,000 transactions in 2012’s last quarter.
It is worth noting that the total value of these financial transactions grew by 25.24 percent to USD489.4 million, compared with USD390.8 million.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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