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UAE Central Bank picks Vermeg for debt and Sukuk market platform - Gulf News

Gulf News ·

The UAE Central Bank has selected Vermeg, a global software company, to develop and implement its new debt and Sukuk market platform. This platform aims to modernize the issuance, trading, and settlement of government debt instruments and Islamic bonds within the UAE. The initiative is part of the Central Bank's broader digital transformation strategy for the nation's financial sector. Why it matters: This move is crucial for enhancing the efficiency, transparency, and liquidity of the UAE's sovereign debt and Islamic finance markets, underpinning financial stability and growth.

UAE Central Bank issues guidance for responsible use of AI in finance - TradingView

WAM ·

The UAE Central Bank has released new guidance outlining principles for the responsible implementation of Artificial Intelligence within the financial sector. This initiative aims to ensure the safe and ethical deployment of AI technologies by financial institutions across the Emirates. The guidance likely addresses areas such as data privacy, fairness, transparency, and risk management associated with AI applications. Why it matters: This marks a significant step in establishing a regulatory framework for AI adoption in a critical economic sector, fostering responsible innovation and maintaining financial stability in the region.

UAE Central Bank issues new 9-to-6 rule to stop unwanted telemarketing calls - Gulf News

Gulf News ·

The UAE Central Bank has implemented a new regulation restricting telemarketing calls to between 9 AM and 6 PM daily. This rule aims to curb unsolicited calls and enhance consumer protection from aggressive marketing practices. The directive applies to all entities conducting telemarketing activities within the UAE. Why it matters: This new policy affects all telemarketing operations in the UAE, emphasizing consumer welfare and potentially influencing how businesses utilize communication technologies.