The UAE’s banking system is fully operational despite escalating regional disputes between the United States, Israel and Iran, the country’s central bank said, as authorities moved to reassure markets following missile and drone strikes on the country this week.
In a statement, UAE Central Bank Governor Khalid Mohammed Balamah said banks, financial institutions and insurers “continue to operate with full efficiency and stability,” adding that the sector is showing the “highest level of resilience and stability.”
The statement comes as the UAE’s role as a regional financial hub and growing hub for digital asset companies has drawn further attention to operational continuity amid geopolitical tensions.
The central bank cites strong liquidity and capital buffers.
According to an Associated Press report published on Monday, regional tensions rose after last weekend’s Iranian drone and missile attacks targeting the UAE and neighboring countries.
Debris from intercepted projectiles reportedly caused fires and damage near several locations in Dubai, including infrastructure around Jebel Ali Port and Dubai International Airport.
Despite these developments, the central bank said the country’s financial sector maintains strong balance sheet indicators.
According to the statement, the UAE banking system’s capital adequacy ratio is around 17%, while the liquidity coverage ratio is over 146.6%, both above international regulatory limits.
Related: Bitcoin First, Crypto at Scale: Inside the UAE’s Layered Digital Asset Strategy
Balaama said total assets in the UAE’s banking and financial sector are over 5.42 trillion dirhams ($1.48 trillion). The regulator said it is continuing to coordinate with financial institutions and authorities to monitor developments and ensure operational readiness.
It added that UAE banks implement modern risk management and business continuity frameworks aligned with international standards.
Crypto companies activate contingency plans.
The UAE has emerged as a fast-growing hub for digital asset firms.
More than 1,800 crypto companies employ more than 8,600 people and operate across the UAE, with Dubai’s DMCC Free Zone alone hosting more than 600 Web3 businesses.
Some digital asset companies operating in the region have also taken precautionary measures amid geopolitical developments.
Crypto exchange Bybit on Monday began reviewing the security of its employees in the UAE and activating a cross-regional support system to maintain operations, according to a report by Wu Blockchain.
In an internal letter seen by Cointelegraph, Bitget CEO Gracie Chen told staff that the exchange had activated emergency protocols while monitoring the security situation in the Middle East.
“We have activated emergency protocols and will continue to support each colleague during this special period,” Chen wrote.
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