DFM ---ADX ---
5hThe Truth Behind the Flydubai Cockpit Security BreachBusiness
5hUS Congressman Honors Heroic Pilot Smit Machchhar for Averting DisasterBusiness
13hUAE’s Future 100 Initiative Fuels Startup Growth with $100 Million InvestmentBusiness
1dEtihad Airways Disruption: Flights Between Abu Dhabi and Riyadh GroundedBusiness
1dADGM Fines Audit Firm and Principal $100,000 for Professional FailuresBusiness
1dTaaleem’s Profits Dip Amid Aggressive Expansion StrategyBusiness
1dUAE Flight Disruptions: Key Cancellations and Delays to MonitorBusiness
1dUAE Solidifies Its Standing as a World-Class Culinary DestinationBusiness
1dUAE Airlines Adjust Schedules Following Riyadh Airport Security IncidentBusiness
1dUAE and Thailand Finalize Landmark Economic Partnership AgreementBusiness
1dUK Airports Launch Contactless Facial Recognition for Faster Border EntryBusiness
1dAir India and Air India Express Increase Fuel Surcharges on Middle East RoutesBusiness
1dGen Z in the UAE: Prioritising Shared Experiences Over Material GoodsBusiness
1dUAE Travelers Gear Up for Major Getaways in 2027Business
1dUAE Investors Diversify Portfolios as Global Appetite GrowsBusiness
1dDP World Inks 15-Year Deal to Manage Key Bangladesh Container TerminalBusiness
1dAmazon Trims Workforce in Retail Division Amid Prime Big Deal DaysBusiness
1dHow Dirham-Backed Stablecoins Could Solidify the UAE’s Financial InfluenceBusiness
1dUAE’s M&A Market Shifts Toward Strategic Caution and Creative Deal-MakingBusiness
1dMajor Flight Disruptions Hit Riyadh Following Houthi AttacksBusiness
2dDubai Islands Set for Major Coastal Expansion by 2027Business
2dNew FTA Guide Clarifies Top-Up Tax Requirements for Multinational FirmsBusiness
2dInvestopia 2026: Navigating the Future of Global InvestmentBusiness
2dDubai Gold Market Shows Signs of RecoveryBusiness
2dDubai’s Growing Trend of Celebrity-Branded Real EstateBusiness

UAE Solidifies Status as Global Remittance Hub and Islamic Finance Powerhouse

Wed, Aug 26, 2026(45d ago)Business

The United Arab Emirates continues to cement its position as a central player in the global financial landscape, with the Central Bank’s 2025 Financial Stability Report highlighting a significant surge in both outgoing and incoming funds. Outward remittances saw a sharp 27.8 percent year-on-year increase, climbing to Dh188.8 billion. Personal transfers accounted for the majority of this volume at Dh115.7 billion, while trade-related flows followed at Dh63.3 billion. Simultaneously, inward remittances experienced a remarkable 53.6 percent jump to Dh36 billion, signaling a robust expansion in the country's exchange and trade activities.

Beyond remittance flows, the UAE is making aggressive strides in the Islamic finance sector, supported by a national strategy aimed at establishing the nation as a premier global hub. Islamic banking assets witnessed an impressive 22 percent growth, reaching Dh1.329 trillion in 2025 and capturing a 24.7 percent market share. With the government targeting Dh4.96 trillion in total Islamic finance assets by 2031—bolstered by increased sukuk issuances and sustainable finance initiatives—the sector is well-positioned to become a vital driver of the nation’s long-term economic growth and GDP contributions.

Comments0
No comments yet. Be the first to share your thoughts.