Middle East Daily
    Hot News
    Lifestyle

    Family Development Foundation Launches Summer Activities at Al Dar Children and Youth Club

    Business

    Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

    Lifestyle

    Jason Derulo To Kick Off EarthSoul Festival In Dubai, In Line With UAE’s Year Of Sustainability

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Wednesday, June 4
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Hamdan Bin Rashid Al Maktoum Foundation Visits Schools Across UAE to Highlight Educational Awards

      MENA Effie Thought Leadership Program returns to Dubai with bold conversations on media effectiveness

      FIA PRESIDENT BEN SULAYEM NOMINATES MALCOLM WILSON OBE AS CANDIDATE FOR DEPUTY PRESIDENT FOR SPORT

      Nader Abu-Yaghi appointed Director of Healthcare Services for “Pyramids Health” and “Ability Rehabilitation Medical Center”

      Declaration on longevity and precision medicine launched at Abu Dhabi Global Health Week

    • Business

      GEHRY PARTNERS DESIGNED NEXT PHASE OF BPS DEVELOPMENT TO PROGRESS FOLLOWING PLANNING CONSENT

      SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

      Al-Futtaim Electric Mobility Launches the All-New BYD SEAL 7 DM-i Hybrid in the UAE

      DIB Signs USD 150 Million Murabaha Deal with Turkcell to Accelerate Türkiye’s Tech Transformation

      ASPEN REINFORCES SAUDI MARKET LEADERSHIP WITH NEW MIDDLE EAST REGION HQ IN RIYADH

    • Technology

      CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

      Meta AI App goes live in MENA

      CNTXT AI Unveils Munsit: The Most Accurate Arabic Speech Recognition Model

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

    • Lifestyle

      Ajman Department of Tourism Development launches ‘Ride for the Community 2025’ initiative to advance sustainable community goals

      New York City Dermatologist Brings Revolutionary Hair Loss Treatments to Dubai

      Why Endless’s New Platform Is the Fashion Reset Dubai Has Been Waiting For

      Samsung announces pre-orders for the Bespoke AI Jet Ultra, the world’s most powerful stick vacuum cleaner

      UAE’s first-ever Woman Grandmaster Rouda Essa Alserkal to play the Norway Chess Open 2025

    Breaking News:
    • GEHRY PARTNERS DESIGNED NEXT PHASE OF BPS DEVELOPMENT TO PROGRESS FOLLOWING PLANNING CONSENT
    • SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting
    • Al-Futtaim Electric Mobility Launches the All-New BYD SEAL 7 DM-i Hybrid in the UAE
    • DIB Signs USD 150 Million Murabaha Deal with Turkcell to Accelerate Türkiye’s Tech Transformation
    • ASPEN REINFORCES SAUDI MARKET LEADERSHIP WITH NEW MIDDLE EAST REGION HQ IN RIYADH
    • Hamdan Bin Rashid Al Maktoum Foundation Visits Schools Across UAE to Highlight Educational Awards
    • CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity
    • BMW is once again bringing an exclusive study for a small series to Lake Como this year: The BMW Concept Speedtop
    Middle East Daily
    Home » CEOs Consultative Council of UAE Banks Federation holds second meeting of 2024
    Business

    CEOs Consultative Council of UAE Banks Federation holds second meeting of 2024

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    The CEOs Consultative Council of UAE Banks Federation, the sole representative and unified voice of UAE banks, held its second regular meeting for the current year yesterday (26 June 2024) under the chairmanship of H.E. Mohammed Omran Al Shamsi, Vice Chairman of UAE Banks Federation and Chairman of the Board of Directors of Ras Al Khaimah National Bank, to discuss developments in the banking sector and the Federation’s plans to be implemented in the second half of the year.

    Participants at the meeting reviewed the steps taken by the Federation in the first half of the year to implement its strategy, plans and programmes, as well as the significant achievements made during this period to keep pace with the rapid developments in the banking sector.

    H.E. Mohammed Omran Al Shamsi, Chairman of the CEOs Consultative Council, said: “The banking sector has witnessed many remarkable developments in the first half of this year that have strengthened the sector’s leading position and helped cement the UAE’s position as a global financial and banking centre under the direct supervision of Central Bank of the UAE. We at UBF are committed to working with our various strategic partners to ensure the adoption of best banking practices to provide a secure and seamless banking and financial experience.”

    The meeting, which was attended by CEOs and general managers of UBF member banks, praised the Federation’s efforts in the Emiratisation of the sector and implementation of its ambitious plan to increase Emirati participation in the banking and financial sector in line with the guidelines of Central Bank of the UAE’s through creating suitable and stimulating conditions to attract, train and qualify cadres to work in the country’s banking and financial institutions.

    The CEOs Consultative Council affirmed the ability of the banking sector to continue its strong performance while complying with regulatory and supervisory frameworks and maintaining strong capital efficiency, provisions and reserves, noting the efficiency of UAE banks in addressing global challenges that have affected various economies and sectors. This has enabled them to capitalise on the opportunities of the UAE’s dynamic and progressive economy and contribute to achieving the country’s strategic goals.

    The meeting underscored that the high level of customer confidence in the UAE banking sector, according to the Annual Trust Index Survey 2023 conducted by the Federation, reflects the remarkable progress in advancements, as well as the effectiveness and success of the initiatives undertaken by UBF and its members to ensure that they provide the services and products that meet the needs of different customers, as well as their commitment to the highest standards of customer service. Participants also emphasised the importance of maintaining the high level of customer trust received, as this is a cornerstone of the banking sector’s prosperity and business growth.

    It is worth noting that the Customer Trust Index in the UAE’s banking sector rose to 90% last year (2023), compared to 84% in 2022. The banking sector also maintained its first position as the most trusted sector in the country. The UAE ranked second globally in terms of customer trust in banks in 2022.

    Participants at the meeting acknowledged the contributions of Central Bank of the UAE, the Securities and Commodities Authority, the Ministry of Finance, the Ministry of Justice, the Dubai Courts, the Cyber Security Council, the police departments of Abu Dhabi, Dubai, Sharjah, Ajman and other partner. The meeting also highlighted the unwavering support from Central Bank of the UAE in the Federation’s efforts to strengthen the country’s leadership in the financial and banking sector through joint initiatives in keeping pace with legislative, regulatory and technological developments or to protect the digital infrastructure of the sector in order to provide the best banking and financial services to various customer segments, be it individuals, SME or large corporation.

    The Consultative Council also emphasised the importance of furthering the development of innovative banking solutions, investing in services and products that support the SME sector and entrepreneurs, and promoting sustainable finance in order to achieve the Sustainable Development Goals. During the meeting, Mr. Jamal Saleh, Director General of UBF, presented an overview of the performance of the UAE banking sector and the achievements made by UBF in the first half of the year in implementing programmes and initiatives under the Federation’s strategy for 2024 to support the leadership of the banking and financial sector in the UAE.

    The Director General of UAE Banks Federation said: “Our Advisory and Consultative Councils, comprising the CEOs of the member banks, continue to play an important role in achieving the strategic priorities of the Federation, especially Emiratisation, Sustainability, Compliance, Governance and Transparency, Accelerating Digital Transformation, Enhancing Financial Inclusion and Supporting Small and Medium Enterprises, under the directives of Central Bank of the UAE. The two councils contribute to strengthening the work of the General Secretariat and the Federation’s technical and advisory committees by broadening the base for participation in decision-making to develop the banking and finance sector further, meet customer needs and consolidate the UAE’s leading position as a global financial and banking centre in line with the guidelines and strategies of Central Bank of the UAE.”

    About UAE Banks Federation (UBF):

    Established in 1982, UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, comprising 60 members of banks and financial institutions operating in the UAE. UBF advocates the interests of all its members and enhances cooperation and coordination between them in order to elevate the UAE’s banking ecosystem for the benefit of members, customers, and the overall UAE economy.

    UBF’s mission and objectives are focused on representing its members and defending their rights and interest. UBF provides a platform for cooperation and the exchange of ideas and expertise among its members and plays a significant role in raising public awareness about the contributions of the UAE banking sector to the economic and social development of the country.

    UBF has a 22-member Advisory Council consisting of CEOs and General Managers from member banks and financial institutions, which oversees the implementation of UBF’s policies and activities. The CEOs Council also makes directional decisions through UBF’s General Secretariat for UBF’s 26 technical and 3 advisory committees, which in turn are tasked to discuss all issues relevant to the UAE banking and financial services ecosystem. UAE Banks Federation also includes a CEOs Consultative Council, which consists of chief executives of other member banks.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    GEHRY PARTNERS DESIGNED NEXT PHASE OF BPS DEVELOPMENT TO PROGRESS FOLLOWING PLANNING CONSENT

    Business

    SBC Summit Malta to Spotlight Next-Gen Tech Driving the Future of Sports Betting

    Business

    Al-Futtaim Electric Mobility Launches the All-New BYD SEAL 7 DM-i Hybrid in the UAE

    Business

    DIB Signs USD 150 Million Murabaha Deal with Turkcell to Accelerate Türkiye’s Tech Transformation

    Business

    ASPEN REINFORCES SAUDI MARKET LEADERSHIP WITH NEW MIDDLE EAST REGION HQ IN RIYADH

    Business

    Hamdan Bin Rashid Al Maktoum Foundation Visits Schools Across UAE to Highlight Educational Awards

    Business

    CNTXT AI and Beam Partner to Tackle the Gulf’s $5.4 Billion AI Agent Opportunity

    Business

    BMW is once again bringing an exclusive study for a small series to Lake Como this year: The BMW Concept Speedtop

    Add A Comment

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    WoWDeals Launches in Qatar, Bringing Unbeatable Shopping Deals to Residents

    WowDeals Expands Its Premier Offerings to Qatar: Providing Exclusive Deals, Sales, and Discount Catalogs Through…

    Business

    Vertiv collaborates with Gulf Data Hub in deploying state-of-the-art 16MW Data Center in Dubai Silicon Oasis

    Dubai, UAE– Vertiv, a global provider of critical digital infrastructure and continuity solutions, and Gulf Data…

    Lifestyle

    Mazagan Beach & Golf Resort Sees Surge In Bookings From GCC And UAE Residents With New E-Visa Accessibility

    Mazagan Beach & Golf Resort is pleased to announce a significant increase in bookings from…

    Business

    Emirates Draw FAST5 Off to a Fast Start: South African Wins Big in Raffle Draw

    In its commitment to fast-tracking dreams and creating extraordinary lives, Emirates Draw’s latest game, FAST5, is…

    Business

    Samsung brings its ‘phygital’ space to Dubai Mall

    Samsung Gulf Electronics today announced the launch of its latest pop-up store in Dubai Mall,…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (237)
    • Lifestyle (104)
    • News (110)
    • Technology (69)
    Top Insights
    Lifestyle

    ADRIFT BURGER BAR OPENS ITS FIRST PERMANENT LOCATION

    News

    Century Financial unveils 30 deeds x 30 days initiative during Ramadan

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.