The Central Bank of the United Arab Emirates decided to reduce the “base rate” on overnight deposit facilities by 25 basis points, from 4.65% to 4.40%, effective Thursday, December 19. …
Central
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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. …
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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, …
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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 …
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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense, met with His Excellency Abdulla Aripov, Prime Minister of …
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Business
The Central Bank raises its expectations for the growth of the national economy to 4% in 2024
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 …
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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 …
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The Central Bank of the United Arab Emirates has cancelled the license of Motot Exchange Company operating in the UAE and removed its name from the register, in accordance with …