CBUAE, Dubai Courts Sign MoU To Link Electronic Services For Court Judgments And Orders

The Central Bank of the UAE (CBUAE) and the Dubai Courts signed an agreement to connect their electronic services for handling court judgments and orders through the Central Bank's court cases management system.

The agreement was signed by Khaled Mohamed Balama, CBUAE Governor, and Prof. Saif Ghanem Al Suwaidi, Director-General of Dubai Courts, at the Central Bank's headquarters in Abu Dhabi.

This Memorandum of Understanding (MoU) is part of collaborative efforts to put the Zero Government Bureaucracy Programme into action to improve service efficiency, quality, and support the UAE's digital strategy for services to individuals and businesses.

"The MoU comes from the central bank's keenness to implement the leadership vision of promoting digital transformation strategy, activating mechanisms of integration and partnership, and sharing expertise with all federal and local authorities to provide pioneering services that meet global standards to individuals and businesses and partners," Balama said, according to WAM.

"This will enhance the country's competitiveness globally and support sustainable growth," he added.

Al Suwaidi, on the other hand, noted that this agreement strengthens the joint endeavor with the Central Bank in the realm of electronic linkage, an initiative that opens new horizons for enhancing efficiency, effectiveness, and speed in the execution of judgments, orders, and judicial decisions issued by Dubai Courts.

"This initiative paves the way for a new phase of excellence in achieving the objectives of electronic linkage, aligning with the joint efforts to advance the smart transformation journey and build the world's smartest and happiest city," he said.

The Director-General of Dubai Courts said this agreement is aligned with "the insightful vision and wise directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai."

He noted that this move will help Dubai Courts deliver fast and accurate justice, provide excellent services to ensure customer satisfaction, and uphold the values of justice, independence, and transparency.

CBUAE disclosed in June that the savings deposits in the UAE's banking sector registered about AED 13.8 billion during the first quarter of this year, adding that this figure excludes interbank deposits.

According to the data, the savings deposits reached AED 286.67 billion at the end of March 2024, marking an 8.9% increase or equivalent of AED 23.5 billion compared to AED 263.14 billion in March 2023.