The UAE has “hardly” seen fund outflows due to the regional conflict, said AbdulAziz Abdulla Al Ghurair, chairman of the UAE Banks Federation (UBF).
“Hardly any money has moved out of the UAE. In fact, money is still coming in,” Al Ghurair said during a media briefing on Wednesday.
He dismissed concerns about capital outflows and a dollar shortage.
Western media had reported fund outflows after war broke out in the region involving the US, Israel, and Iran.
UAE banks have provided Dh6.2 billion worth of relief to more than 60,000 individuals, as well as small and medium businesses and large corporates, mainly supporting individual customers.
Al Ghurair stressed that the UAE economy and banking sector are performing strongly, outperforming.
MERED, the award-winning international real estate developer, has unveiled a remarkable floating sales gallery on the waters of Al Reem Island, created as an exclusive introduction to Riviera Residences, the developer’s landmark waterfront project in Abu Dhabi. The launch was attended by leadership from Abu Dhabi Global Market (ADGM), alongside senior executives from MERED and project partners, reflecting strong industry support.
Located directly on the water adjacent to the project site, the gallery presents an early view of Riviera Residences, which spans two prime plots totalling more than 23,400 square metres on Al Reem Island. Conceived as a tribute to the Mediterranean Riviera, the floating gallery’s interiors draw on both Mediterranean and Emirati design influences..
Ras Al Khaimah is taking a major leap toward autonomous mobility, with early trials of robotaxis and robobuses showing strong performance, safety, and public interest as the emirate builds a future-ready transport system.
The pilot programme for self-driving vehicles has logged more than 650 operational hours and covered over 16,000km across real-world traffic settings, operating both day and night. These trials tested advanced sensing, navigation, and decision-making systems under diverse driving scenarios, helping evaluate how autonomous vehicles respond in live traffic.
Although still in testing, feedback from early users and observers has been largely positive. Trials are limited to safety teams and authorised staff, but early impressions from controlled environments.
