Search For "central bank of uae"
UAE President issues Federal Decree Law establishing Federal Authority for
Updated : 7 months, 2 weeks ago IST
UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree Law establishing the Federal Authority for Ambulance and Civil Defence, and a Federal Decree appointing Ahmed Ali Al Sayegh, Minister of Health and Prevention, as its Chairman.
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UAE banking sector hits all-time-high of AED502.6 billion in capital, rese
Updated : 1 year, 6 months ago IST
A significant milestone has been achieved by the UAE banking sector. As of July 2024, the total capital and reserves of banks operating within the UAE exceeded AED500 billion for the first time.
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 11 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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UAE: CBUAE maintains base rate at 5.40 per cent
Updated : 1 year, 11 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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Central Bank of UAE reports 8.6 per cent growth in cash deposits in 12 mon
Updated : 2 years, 4 months ago IST
The cash deposits increased by 7.35 per cent during the first 11 months of the previous year, reaching around AED635.6 billion at the end of 2022, a growth equivalent to AED46.7 billion.
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CBUAE imposes financial sanction on exchange house operating in UAE
Updated : 2 years, 9 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
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CBUAE revokes licence of Dirham Exchange and registration of RMB Commercia
Updated : 2 years, 9 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
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CBUAE imposes administrative sanctions on 8 banks operating in UAE
Updated : 3 years 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.
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Islamic banks' assets amounted to AED 620.9 billion by end of January 2023
Updated : 3 years, 1 month ago IST
The central bank statistics reflect an increase in credit for Islamic banks to AED 396.9 billion at the end of January 2023, an annual increase of 3.5 percent compared to nearly AED 383.36 billion in January 2022, and an increase of nearly AED 13.3 billion in 12 months.
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