Bahrain has made history by becoming the first Gulf nation to introduce a dedicated regulatory framework for stablecoins, marking a significant advance over its regional counterparts as governments in the Middle East consider how to regulate digital finance. This new set of rules, implemented by the Central Bank of Bahrain, aims to provide clarity in...
The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE’s national currency, the Dirham, coinciding with the country’s entry into the FX Global Code. This initiative reflects the vision of the UAE’s leadership and the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, who is the Vice President,...
The Central Bank of the UAE (CBUAE) has officially launched a new Dh100 banknote, which is now in circulation as of March 24, 2025. This new currency is made from polymer and features innovative designs along with advanced security elements aimed at enhancing consumer confidence. The new Dh100 banknote will circulate alongside the existing Dh100...
Bahrain has officially opened the subscription for its $526.4 million (BHD 200 million) Government Development Bond Issue 38. This initiative, led by the Central Bank of Bahrain (CBB), allows both Bahraini and foreign investors to participate, with the subscription period running until Thursday, March 13, 2025. The bonds have a par value of BHD1 each...