Search For "central bank of the uae"
UAE lowers interest rates by 25 basis points
Updated : 5 months, 3 weeks 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 participates in 3rd G20 Finance Ministers and Central Bank Governors m
Updated : 8 months, 1 week ago IST
The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, is participating in the 3rd meeting of G20 Finance Ministers and Central Bank Governors (FMCBG), held under the presidency of South Africa for the year 2025.
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Al Etihad Payments, Mastercard collaborate to launch 'Jaywan - Mastercard'
Updated : 1 year ago IST
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has partnered with Mastercard to launch "Jaywan - Mastercard" co-badged debit and prepaid cards. The new cards will enhance digital payments in the UAE by offering secure and seamless transactions, including e-commerce
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CBUAE reviews latest developments in exchange businesses
Updated : 1 year, 6 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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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: 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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Aggregate capital, reserves of UAE-based banks increase to AED500 billion
Updated : 1 year, 11 months ago IST
The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
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UAE: Banking sector sees AED 25 billion surge in new savings deposits over
Updated : 1 year, 11 months ago IST
Savings deposits in the UAE's banking sector, excluding interbank deposits, attracted around AED 25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED USD 245.54 billion in January 2023, with an annual growth of 10.2 per cent, according to the latest stat
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