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UAE banking sector assets to record up to 10pc growth in 2022: UBF Chairman

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UAE Banks Federation (UBF) Chairman AbdulAziz Al Ghurair has projected that the UAE’s banking sector assets will surge in the range of 8 to 10 percent next year.

He said the banking sector will benefit from the economic revival as the country’s economy will also increase about 5 per cent in 2022.

AbdulAziz Al Ghurair said that the UAE’s economy will reap benefits from Expo 2020 for about nine years with more international investors attracting to the country.

He highlighted that banks are already seeing improvements in key performance matrixes such as asset quality, capitalisation, loans and deposit growth, profitability, loans to deposit ratio, costs, and liquidity.

Al Ghurair predicts that the non-performing loans ratio of the UAE’s banking sector will moderate from the current 8 per cent to 2 per cent in 2022.

Even before the third quarter 2021 results, figures show that the UAE banks are entering a period of healthy growth in assets and profits.

The UBF chairman said that the coronavirus pandemic has already expedited digitalisation, especially in the banking sector as most of the customers have been forced to try digital solutions of their banking problems. It is indeed a good development for banks, customers and all other stakeholders in the economy, he added.

Al Ghurair said that increased digitalisation is helping the banks reduce the number of branches and overall costs while offering a better customer experience.

Meanwhile, the latest data from the Central bank showed the digitalisation has resulted in a decline in the number of bank branches from 534 at the end of first quarter this year to 522 at the end of second quarter. Likewise, the number of bank employees fell by 414 to 32,623 at the end of June 2021.

Al Ghurair said the central bank’s support was timely and substantial but the banking sector in the country is ready for the phasing out of the support under the Targeted Economic Support Scheme (TESS) of the Central Bank of UAE.

As the Central Bank is set for a gradual withdrawal of its direct liquidity support, Al Ghurair said the banking sector no longer needs funding. He said that some 95 per cent of the banks have already surrendered their TESS quotas. He expected a decline in loan impairments over the next few quarters.

UBF Chairman Al Ghurair said the UAE’s healthy banking system is supportive of the economic growth momentum, while banks are also gaining benefit from the underlying strength of the operating environment. He said the post-COVID-19 recovery in the economy is going to benefit all sectors that were negatively impacted during the pandemic.

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Dubai Police Academy launches one-year master’s in cybersecurity

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Dubai Police Academy has unveiled a new master’s degree in cybersecurity, the first of its kind among police colleges in the Arab world. The one-year programme, which begins in December 2025, comes with tuition fees of Dh60,000 and is open to both UAE citizens and residents.

Dr Ebtsam Al Awadhi, Director of Graduate Studies at the academy, said the degree will cover four key areas: policies and management, digital forensics, digital infrastructure and security, and scientific research and publishing. Unlike traditional police academic programmes that usually take two to three years, this one is designed to be completed in a single year, requiring 30 credit hours across three semesters and a summer term.

Eligibility/Admission
Applicants must hold a bachelor’s degree in law, security sciences or a related field from a university recognised by the UAE Ministry of Higher Education, with a minimum GPA of 3.0. At least five years of professional experience in cybersecurity is required, alongside English proficiency (IELTS 5.5, TOEFL CBT 5.5, TOEFL IBT 550, or equivalent). Candidates must also pass an academic exam and a personal interview.

Industry-driven approach
Dr Saeed Al Rashdi, a cybersecurity expert, said the programme has been designed in line with market needs. “Practical training will take the largest share, supported by theoretical study, and industry specialists will deliver the teaching,” he explained.

Cybercrime expertise
Dubai Police has been at the forefront of tackling digital crime, with its Criminal Data Analysis Centre working alongside the CID to use AI and advanced systems for detecting criminal hotspots and predicting cyber threats. The force has successfully disrupted high-value cyber fraud operations, including tracking a gang behind a multi-billion-dirham scam.

Graduates of the new programme will be well-placed to support such missions, with strong prospects for roles in the cybersecurity sector, and potentially within Dubai Police’s own cybercrime units.

Registration is now open on the Dubai Police Academy website, with the first intake expected to include 15–20 students.

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Dubai Ruler renames Mohammed Bin Rashid Al Maktoum Charitable Establishment

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In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued a new decree to rename the Mohammed Bin Rashid Al Maktoum Charity and Humanitarian Establishment.

The organisation will now be officially known as the Mohammed Bin Rashid Al Maktoum Charitable Establishment.

The foundation, first established in 1997, continues to run humanitarian and charitable initiatives in the UAE and abroad. Its work includes supporting education, health, culture, social welfare, religion, and relief efforts for communities affected by crises and disasters.

It also provides financial aid to families in need, supports patients with medical treatment, and offers assistance to students and educators.

The Establishment will remain under the supervision of Dubai’s Islamic Affairs and Charitable Activities Department and the Community Development Authority, ensuring compliance with local laws regulating charities and fundraising.

The decree took effect upon its publication in the Official Gazette.

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Dubai warns engineering firms over costly villa designs

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Dubai Municipality has issued warnings to several engineering consultancy offices after finding that they exaggerated structural designs for citizens’ villas.

According to officials, these inflated designs went against the Dubai Building Code and led to unnecessary construction costs for property owners, without any real engineering need.

The move is part of the Municipality’s efforts to regulate Dubai’s construction sector and protect residents from extra financial burdens. Consultancy offices across the emirate had already been reminded through circulars to strictly follow approved engineering standards.

Eng. Maryam Al Muhairi, CEO of the Buildings Regulation and Permits Agency, said:

“Compliance with the Dubai Building Code is not only a legal requirement but also a professional and ethical responsibility. The goal is to ensure safe, high-quality construction without forcing citizens to pay more than necessary.”

She added that Dubai Municipality will continue to monitor consultancy offices and contractors to prevent excessive use of building materials, including steel, and ensure construction remains efficient, safe, and cost-effective.

Repeat offenders could face disciplinary measures, including poor annual evaluations or even suspension. Earlier this year, two consultancy offices were banned from licensing new projects for six months due to violations.

By cracking down on such practices, Dubai Municipality says it aims to strengthen the emirate’s construction sector, cut waste, and support sustainable urban growth.

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