UAE lowers interest rates by 25 basis points

The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility...

UAE Central Bank keeps interest rate steady after US Fed decision

On Wednesday, in a post on social media platform X, the bank stated, "The #CentralBankUAE has decided to maintain...

CBUAE Running Race in Abu Dhabi sees wide participation

The CBUAE Running Race, held at Hudayriyat Island in Abu Dhabi under the patronage of Mansour bin Zayed Al Nahyan,...

CBUAE reviews latest developments in exchange businesses

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted a high-level roundtable with the...

CBUAE, Bank Indonesia sign MoU to bolster cooperation in payments

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have today signed a Memorandum of Understanding (MoU)...

Banks in Abu Dhabi pump AED 45.8 bn in financial facilities

Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5...

CBUAE projects UAE’s real GDP growth to reach 6.2 pc in 20225

Data for Q1 2024 indicated that Dubai sustained its role as a top international tourism hub. The emirate's hotel...

UAE's banking sector liquid assets stand at AED786.6 billion in Q

In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE)...

CBUAE's gold reserves see 12.6 per cent YoY growth by end March

The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March...

UAE: CBUAE maintains base rate at 5.40 per cent

This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve...

UAE: General Budget Committee discusses draft general budget

The meeting, held at Qasr Al Watan in Abu Dhabi, was also attended by Mohammad bin Abdullah Al Gergawi, Minister of...

UAEFTS processed transactions worth AED3 trillion in Jan-Feb 2024

The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) rose to more than AED 3...