UAE President issues Federal Decree Law establishing Federal Auth

UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree Law establishing the Federal Authority...

UAE banking sector hits all-time-high of AED502.6 billion

A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves...

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)...

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...

Central Bank of UAE reports 8.6 pc growth in cash deposits

The cash deposits increased by 7.35 per cent during the first 11 months of the previous year, reaching around...

CBUAE imposes financial sanction on exchange house

The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE,...

CBUAE revokes licence of Dirham Exchange and registration of RMB

The administrative sanctions are the result of the examinations’ findings conducted by the CBUAE, revealing serious...

CBUAE imposes administrative sanctions on 8 banks

The administrative sanctions take into account the banks' failures to comply with the CBUAE's instructions not to...

Islamic banks' assets amounted to AED 620.9 billion

The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of...