The UAE condemned in the strongest terms the statements of Israeli Finance Minister Bezalel Smotrich regarding issuing instructions to prepare to impose Israeli sovereignty over the occupied West Bank during…
The Central Bank of the United Arab Emirates decided to reduce the “base rate” on overnight deposit facilities by 25 basis points, from 4.90% to 4.65%, effective Friday, November 8.…
Today, the Central Bank of the UAE announced a tender for cash bills on November 11. According to Central Bank data, the tender includes four issues of “M-BILL” treasury bonds,…
The total financing of national banks to the private sector amounted to about 63.2 billion dirhams during the first half of this year, bringing their total cumulative balance to 1.195…
The Central Bank, in an analysis conducted by the bank’s employees, reduced the negative effects on banks’ profits and their role as intermediaries in the country’s financial system, as a…
New investigations into the failed robbery of the Makro Bank in the Argentine city of San Isidro – which was an imitation of the “theft of the century” that the…
The Central Bank of the UAE raised its forecast for the growth of the UAE’s gross domestic product from 3.9% previously to 4% in 2024, supported by improved performance of…
Emirates Development Bank, the main financial driver of the UAE’s economic diversification and industrial transformation agenda, has revealed its participation in the 23rd edition of “Roya – UAE Careers Fair”,…
The Central Bank has obligated companies that provide installment and short-term financing services to clarify to their clients all fees imposed, as a percentage and value, of the total financing…
Banks operating in the country granted individuals financing worth 9.4 billion dirhams during last June alone, which represents an exceptional leap since before 2008. These financings include personal loans, credit…