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Central Bank of the United Arab Emirates

China–UAE News
Source: Arabian Gulf Business Insight | AGBI

Questions Mount Over Saudi Arabia’s Withdrawal From China-Led mBridge Payment Project

The Saudi Central Bank has ended its formal participation in Project mBridge, the multilateral central bank digital currency platform developed with China and the UAE. While the central bank stated that its exit was planned following a completed proof-of-concept phase in May 2025, the disclosure has prompted debate over geopolitical pressures and non-dollar settlement systems. The platform continues operations among remaining central banks, including China, the UAE, Hong Kong, and Thailand.

Policy & Legal Updates
Source: Emirates 24|7

UAE Central Bank Enforces New Takaful Rules Mandating Subscriber Fund Separation

The Central Bank of the UAE has implemented a new regulatory framework for Takaful insurance effective September 2026. The rules mandate full legal and financial separation between subscribers' funds and insurer assets, while requiring separate accounts for different insurance classes. Insurers must also obtain central bank approval prior to any fund transfers and provide independent financial disclosures.

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