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CBUAE, SWIFT to boost speed of cross-border transactions


CBUAE, SWIFT to boost speed of cross-border transactions
05 May 2021
The UAE Central Bank headquarters in Abu Dhabi. WAM
The Central Bank of the UAE (CBUAE) has announced that it has been working with SWIFT on an initiative to further enhance the speed and transparency of cross-border payments. The CBUAE will be the first central bank globally to implement such an initiative.
The integration between the CBUAE’s domestic UAE Funds Transfer System (UAEFTS) and SWIFT’s ‘gpi Tracker’, will allow financial institutions sending cross-border payments to the UAE to benefit from increased transparency, certainty, and seamless transmission between the SWIFT network and the UAEFTS, by relying on the Tracker that is a tool offered by SWIFT, to enable banks to track their payment flows end-to-end in real-time. ....

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Abu Dhabi ranks high in global technology, big data index


Abu Dhabi ranks high in global technology, big data index
ABU DHABI, 4 hours, 49 minutes
ago
Abu Dhabi has been ranked 11th in the Global Technology Index based on the World Digital Competitiveness Yearbook 2020 released by the International Institute for Management Development (IMD), in cooperation with the Abu Dhabi Department of Economic Development (ADDED), represented by the Competitiveness Office of Abu Dhabi (COAD), and the Department of Government Support – Abu Dhabi (DGS), represented by the Abu Dhabi Digital Authority (ADDA).
 
It has reached advanced places in various indices related to digital transformation, ranking fifth in Cyber Security, Public-Private Partnerships, and Technology Regulatory Framework indices. ....

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World's major technology giants upbeat on Gitex Technology Week


World’s major technology giants upbeat on Gitex Technology Week
11 Dec 2020
Inayat-ur-Rahman,
Deputy Business Editor
The Gitex Technology Week 2020 concluded in Dubai on a high note on Thursday. The exhibitors were upbeat about this year show despite the COVID-19 pandemic. The Abu Dhabi Government concluded its strong and successful participation in Gitex Technology Week 2020 with positive results and remarkable achievements, with the pavilion featuring the participation of 24 government entities and academic institutions, in addition to a group of the world’s major technology giants.
Over the course of the event, the Abu Dhabi Government pavilion witnessed the signing of 12 agreements and Memoranda of Understanding, as the participating entities showcased 88 initiatives and innovative digital projects that aim to create a unique experience for visitors by introducing a unified platform that features all government entities. ....

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