Thursday, November 12, 2026

AE Central Bank statistics

UAE banks increase their capital and reserves by 13.3% to 496.8 billion dirhams

National banks accounted for 86.5% of the total capital and reserves of banks operating in the Emirates, with a value of 429.4 billion dirhams at the end of last January. The capital and reserves of banks in the Emirates increased...

Latest News

Oman’s First Submerged Ecological Museum Opens in Mirbat with Giant Marine Sculptures

The Dhofar governorate has launched the country's first submerged ecological museum off Mirbat's coast. Six large concrete figures, including a whale and dolphin, now sit 20‑22 metres below sea level.

Muscat Municipality warns residents about illegal truck parking in neighborhoods

Muscat Municipality has issued a warning against illegal parking of trucks and heavy vehicles in residential zones. Authorities say the practice hampers traffic flow, threatens safety and harms the visual appeal of neighbourhoods.

UAE Pension Contributions: How Government and Private Employers Differ on Salary Raises

The General Pension and Social Security Authority clarified that UAE public sector employers adjust pension contributions each month based on current pay, whereas private sector firms calculate contributions on the salary set in January. Mid‑year salary hikes therefore do not affect private pension contributions until the next calendar year.

Dubai student’s fatal roadside incident highlights urgent need for safe breakdown practices

Naifa Balkies Hameed was struck on Al Khawaneej Street after her car broke down. Experts urge drivers to move away from traffic, use warning devices and remain vigilant.

Bahrain Reaffirms Commitment to GCC Cooperation, Crown Prince Says

Crown Prince Salman bin Hamad Al Khalifa praised Bahrain’s ongoing role in strengthening GCC collaboration. He also affirmed full solidarity with Saudi Arabia on security matters.