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April 27, 2015 7:37 AM ET

Banks

Company Overview of Central Bank of United Arab Emirates

Company Overview

P O Box 854

Abu Dhabi,  

United Arab Emirates

Phone:

971 2665 2220

Fax:

971 2665 2504

Key Executives for Central Bank of United Arab Emirates

Governor and Board Member
Assistant Governor for Banking Supervision
Assistant Governor for Monetary Policy and Financial Stability
Compensation as of Fiscal Year 2014.

Central Bank of United Arab Emirates Key Developments

The Central Bank of the UAE Signs Agreement with the Union Pay International for Connecting with UAESwitch

The Central Bank of the UAE declared that it has agreed with the Union Pay International for connecting with UAESwitch. As per the agreement, now Union Pay cards will be accessible at all ATMs connected to the UAESwitch. It will also enable UnionPay card holders to access more than 4,800 ATMs in the UAE, and is part of efforts to raise cooperation with China as more Chinese tourists visit the UAE.

UAE Central Bank Announces Management Changes

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued a Federal Decree restructuring the board of directors of the UAE Central Bank. Mubarak Rashid Khamis Al Mansouri has been appointed as the new central bank governor for a four-year term, replacing Sultan Nasser Al Suweidi, who was the governor since 1991. The decree stipulates that the members will have a four-year tenure. The board members include Khalifa Mohammad Al Kindi as Chairman of the board, Khalid Juma Al Majid as Deputy Chairman, and Mubarak Rashid Khamis Al Mansouri as Governor. The decree named the following as board members: Younis Haji Al Khouri, Khalid Ahmad Humaid Al Tayer, Khalid Mohammad Salem Belama and Hamad Mubarak Bu Umaim. The decree, which stipulates that all relevant bodies must implement this decree, which annuls any resolutions that contradict its bylaws, will be published in the official gazette from the date of its issuance. The newly-appointed governor Al Mansouri is the chief executive officer of Emirates Investment Authority. He has a Master's degree in Finance from University of West Florida, United States of America.

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