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 participates in 3rd G20 Finance Ministers

The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, is participating in the 3rd meeting...

AEP, Mastercard Launch Jaywan

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has partnered with Mastercard to launch...

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...

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: 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...

Aggregate capital, reserves of UAE-based banks increase to AED500

The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at...

UAE: Banking sector sees surge in new savings deposits

Savings deposits in the UAE's banking sector, excluding interbank deposits, attracted around AED 25 billion to...