Search For "cbuae"
CBUAE's foreign assets up to AED 592.11 billion in June
Updated : 2 years, 6 months ago IST
Foreign securities are down to AED 165.42 bn from AED 171.03 during the same reference period, with other foreign assets up to AED 63.46 bn against AED 57.38 in May, According to the apex bank, total foreign assets increased to AED 592.11 bn from AED 590.19 in May.
Read More
CBUAE imposes financial sanction on exchange house operating in UAE
Updated : 2 years, 7 months ago IST
The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree-Law No.20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, and Article
Read More
CBUAE revokes licence of Dirham Exchange and registration of RMB Commercia
Updated : 2 years, 7 months ago IST
The administrative sanctions are the result of the examinations’ findings conducted by the CBUAE, revealing serious regulatory misconduct, including AML misconduct and collusion in evading CBUAE’s instructions to the exchange house not to engage in remittance transactions with certain countr
Read More
UAE: Central Bank raises base rate by 25 basis points
Updated : 2 years, 7 months ago IST
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 5.15 to 5.40 per cent, effective from Thursday, 27th July 2023.
Read More
UAE one of fastest-growing economies in 2022: CBUAE
Updated : 2 years, 8 months ago IST
The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP and a sizable expansion of oil GDP, according to the Financial Stability Report for 2022 released today by the Central Bank of the UAE (CBUAE)
Read More
UAE banking sector capitalised with adequate liquidity buffers: Report
Updated : 2 years, 8 months ago IST
The report discusses global and local macroeconomic conditions, and domestic asset markets, and provides a detailed assessment and evaluation of the UAE banking system. This is in addition to outlining the variety of tools deployed by the CBUAE as part of its macroprudential mandate, as well
Read More
UAE hosts annual Egmont Group Plenary to discuss use of IT to enhance AML/
Updated : 2 years, 8 months ago IST
Under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), Khaled Mohamed Balama, Governor of CBUAE and Chairman of the UAE National Anti Money Laundering and Comba
Read More
UAE's airports received 31.8 million passengers in Q1: CBUAE
Updated : 2 years, 8 months ago IST
The UAE airports received as many as 31.8 million passengers in the first quarter of 2023, an increase of 11.5 million passengers from the same period in 2022, when about 20.4 million passengers were recorded,
Read More
Islamic banks' assets up to AED 650 bn by end of March 2023: CBUAE
Updated : 2 years, 8 months ago IST
The apex bank's statistics reflect an increase in Islamic banks' credit to AED 400.2 billion at the end of March 2023, an annual growth of 2.51 per cent compared to nearly AED 390.4 billion in March 2022, and a month-over-month increase of 0.91 per cent, from AED 396.6 billion in February.
Read More
CBUAE imposes administrative sanctions on 8 banks operating in UAE
Updated : 2 years, 10 months ago IST
The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to grant any loans or credit facilities to the beneficiaries of loans granted by the NDDSF, including credit cards.
Read More
UAE, Morocco review strengthening financial, economic cooperation
Updated : 2 years, 10 months ago IST
Alongside Al Hussaini, the meeting was attended by Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); and Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD); as well as several senior officials from both parties.
Read More
UAE to participate in Joint Annual Meeting of Arab Financial Institutions
Updated : 2 years, 10 months ago IST
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, will lead the UAE delegation, which will include Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE); Younis Haji Al Khoori, Undersecretary of Ministry of Finance; and Ibrahim Obaid Al Zaabi, CBUAE's A
Read More