Regional tensions surged after Iranian drone and missile attacks aimed at the UAE and other countries last weekend, as per an Associated Press report.
It also mentioned that UAE banks impose advanced risk management and business continuity frameworks lined up with international standards.
The banking system of the UAE stays completely operational regardless of increasing regional conflict between the US, Israel and Iran, as stated by the central bank of the country, as authorities shifted to reassure markets after missile and drone attacks on the country this week.
The statement released by the Central Bank of the UAE also mentioned the saying of Governor Khaled Mohamed Balama that financial institutions and insurers carry on to function with complete efficiency and stability, mentioning that the sector is revealing the highest levels of resilience and stability.
The statement comes amid the role of the UAE as a regional financialcentrer and an increasing hub for di
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