Intentar ORO - Gratis
UAE and China to strengthen payment infrastructure relation
Gulf Today
|June 20, 2025
The Central Bank of the UAE (CBUAE) and CIPS Co, Ltd (CIPS), the operating institution of the Cross-Border Interbank Payment System of China, signed a Memorandum of Understanding (MoU) aiming at strengthening joint cooperation in the payment infrastructure landscape towards improving the efficiency of cross-border payments between the UAE and China.
-

The MoU was signed by Saif Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE and Xiangyang WU, Vice President of CIPS in the presence of senior officials from both entities.
As part of the MoU, the two parties will collaborate on designing and developing initiatives that foster the more seamless, streamlined, and cost-effective use of their payment infrastructures for cross-border transactions between the two countries.
Furthermore, the parties will work to develop and strengthen their cooperation in risk and compliance, and share expertise to improve the security, safety, soundness, and stability of cross-border payment infrastructures.
Esta historia es de la edición June 20, 2025 de Gulf Today.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Gulf Today

Gulf Today
Budget challenge for Reeves gets even bigger as borrowing surges
Britain's borrowing has shot past the official forecasts that underpin the government's tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget.
3 mins
September 22, 2025
Gulf Today
1,000 govt, private sector leaders to grace Dubai event
Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed Bin Rashid Leaders Forum will open on Wednesday at the Dubai World Trade Centre (DWTC).
1 min
September 22, 2025

Gulf Today
Group launches manufacturing hub to build over 150 industries
India's Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Indudtrial Area in Ras Al Khaimah in the next five years.
2 mins
September 22, 2025
Gulf Today
UAE seeks to increase number of startups to over 2 million
Abdullah Bin Touq Al Marri, Minister of Economy and Tourism, affirmed that startups and entrepreneurs constitute a fundamental pillar in the UAE's economic growth journey, noting that the country aims to increase the number of companies to more than two million by 2031.
1 min
September 22, 2025

Gulf Today
Amorim calls for Man.United to keep up their sense of urgency
Manchester United manager Ruben Amorim said his side must match the level of urgency they showed against Chelsea on Saturday if they are to keep on winning.
1 mins
September 22, 2025
Gulf Today
Peace with Lebanon and Syria 'possible'
Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel's war with Lebanese group Hizbollah had created the possibility for peace with neighbouring Lebanon and Syria.
1 min
September 22, 2025
Gulf Today
Council calls for unified global efforts to end wars
The Muslim Council of Elders called for unified international efforts to halt all conflicts and wars that have claimed tens of thousands of lives around the world.
1 mins
September 22, 2025
Gulf Today
Switzerland's Reusser powers to world time trial title
Marlen Reusser made a golden breakthrough on Sunday as she claimed the women’s time trial at the cycling World Championships in Kigali.
2 mins
September 22, 2025

Gulf Today
ADTD wraps up roadshow in India
The Ajman Department of Tourism Development (ADTD) has concluded a five-day roadshow in India as part of its efforts to expand the emirate’s presence in international markets, particularly India, a key emerging tourism market.
1 min
September 22, 2025

Gulf Today
Dubai Integrated Economic Zones Authority trade up 19% at Dhs336b
The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of Dhs336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai's non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.
3 mins
September 22, 2025
Listen
Translate
Change font size