UAE Central Bank: System Stable Amid Drone and Missile Attacks
The Central Bank of the United Arab Emirates said the country’s financial system remains fully operational and stable following missile and drone attacks this week, as authorities sought to reassure markets amid heightened regional tensions involving the United States, Israel and Iran. source
Governor Khaled Mohamed Balama said banks, financial institutions and insurers are operating efficiently and that the sector continues to demonstrate high resilience and stability.
The UAE’s status as a regional financial hub and an expanding center for digital asset firms has drawn attention to operational continuity during periods of geopolitical stress.
Central bank points to robust capital and liquidity metrics
Regional tensions escalated after Iranian drone and missile strikes targeted the UAE and neighboring countries last weekend, according to an Associated Press report published on Monday. Debris from intercepted projectiles reportedly caused fires and damage near multiple locations in Dubai, including areas around Jebel Ali Port and Dubai International Airport.
Despite these developments, the central bank said the financial sector maintains strong balance sheet indicators. The UAE banking system’s capital adequacy ratio is about 17%, while the liquidity coverage ratio exceeds 146.6%, both above international regulatory thresholds.
Balama said total assets in the banking and financial sector exceed 5.42 trillion dirhams ($1.48 trillion). The regulator added that it continues to coordinate with financial institutions and other authorities to monitor conditions and ensure operational readiness, noting that UAE banks employ advanced risk management and business continuity frameworks in line with international standards.
Digital-asset firms initiate contingency measures
The UAE has emerged as one of the fastest-growing hubs for digital asset businesses. More than 1,800 crypto companies employing over 8,600 people operate across the country, with Dubai’s DMCC free zone hosting more than 600 Web3 firms.
Several companies have implemented precautionary measures amid the geopolitical situation. On Monday, crypto exchange Bybit began assessing employee safety in the UAE and activated cross-regional support systems to maintain operations, according to Wu Blockchain.
In an internal letter, Bitget CEO Gracy Chen informed staff that the exchange had activated emergency protocols and was closely monitoring the security environment in the Middle East, adding that the company would support employees during this period.
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