Search For "uae central bank"
UAE Central Bank keeps interest rate steady after US Fed decision
Updated : 9 months ago IST
On Wednesday, in a post on social media platform X, the bank stated, "The #CentralBankUAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent."
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UAE showcases its pioneering experiences in advanced technology at G20 Lab
Updated : 1 year, 7 months ago IST
The UAE participated in the G20 Labour and Employment Ministers' Meeting, which concluded in Fortaleza, Brazil, on 26 July, with the aim of addressing the latest international labour market trends.
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UAE: CBUAE maintains base rate at 5.40 per cent
Updated : 1 year, 9 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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UAE: CBUAE maintains Base Rate at 5.40 pc
Updated : 1 year, 12 months ago IST
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
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UAE: Central Bank participates in the "Tawdheef" exhibition
Updated : 2 years, 4 months ago IST
The Central Bank of the United Arab Emirates is participating in the activities of the 27th session of the "Tawdheef" exhibition, which begins tomorrow at the Abu Dhabi National Exhibition Centre (ADNEC) and continues until the 15th of this November, based on its commitment to the Emiratizat
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AED 268.6 billion in saving deposits held by UAE banks until end of June 2
Updated : 2 years, 6 months ago IST
The apex bank's statistics showed these deposits increased by 5.8 per cent on a monthly basis, or AED 14.8 billion.
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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.
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Central Bank’s budget totalled AED650 billion for H1 2023
Updated : 2 years, 6 months ago IST
The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report.
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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
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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.
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Rupee, Dirham mechanism is a paradigm shift in making trade settlements: I
Updated : 2 years, 8 months ago IST
“Now, just like that, the Rupee-Dirham mechanism which we have just signed, is the first one for both of us. In that sense, it's extremely significant. I actually see it as a paradigm shift in how we can make trade settlements”, he added.
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Islamic banks' assets amounted to AED 620.9 billion by end of January 2023
Updated : 2 years, 10 months 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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