Search For "cbuae"
UAE lowers interest rates by 25 basis points
Updated : 5 months, 1 week ago IST
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.40 per cent to 4.15 per cent, effective from Thursday, 18 September.
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UAE Central Bank keeps interest rate steady after US Fed decision
Updated : 8 months, 4 weeks ago IST
On Wednesday, in a post on social media platform X, the bank stated, "The #CentralBankUAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent."
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CBUAE Running Race in Abu Dhabi sees wide participation
Updated : 1 year, 1 month ago IST
The CBUAE Running Race, held at Hudayriyat Island in Abu Dhabi under the patronage of Mansour bin Zayed Al Nahyan, saw over 7,000 participants, including professionals, community members, and People of Determination. The event promoted an active lifestyle and aligned with the "Year of Commun
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CBUAE reviews latest developments in exchange businesses
Updated : 1 year, 5 months ago IST
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted a high-level roundtable with the Chairman and representatives of the Foreign Exchange and Remittance Group, to discuss updates and developments in the exchange business in the UAE, in the presence of the CBUAE As
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UAE: CBUAE, Bank Indonesia sign MoU to bolster cooperation in payments spa
Updated : 1 year, 8 months ago IST
The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have today signed a Memorandum of Understanding (MoU) aimed at establishing a framework to enhance bilateral cooperation in the area of payment systems.
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Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four
Updated : 1 year, 8 months ago IST
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED 45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE
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CBUAE projects UAE's real GDP growth to reach 6.2 per cent in 2025
Updated : 1 year, 8 months ago IST
Data for Q1 2024 indicated that Dubai sustained its role as a top international tourism hub. The emirate's hotel occupancy rates stood at 83 per cent, equal to the previous year's figures, while the average duration of stay per visitor was almost unchanged at 3.9 nights, yet there was a 2 pe
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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CBUAE's gold reserves see 12.6 per cent YoY growth by end of March 2024
Updated : 1 year, 9 months ago IST
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
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UAE: CBUAE maintains base rate at 5.40 per cent
Updated : 1 year, 9 months ago IST
This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.
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UAE: General Budget Committee discusses draft general budget for fiscal ye
Updated : 1 year, 9 months ago IST
The meeting, held at Qasr Al Watan in Abu Dhabi, was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; and Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), in addition to r
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UAE Fund Transfer System processed transactions worth AED3 trillion in Jan
Updated : 1 year, 10 months ago IST
The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) rose to more than AED 3 trillion during January and February 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE)
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