Sunday 24 March 2019
 
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EIBOR

Six-month EIBOR up 54.4pc in 2018

The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) hit new highs across all terms by the end of 2018, with the six-month rate up 54.4 per cent and 12-month term leaping 39 per cent, a media report said. The

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UAE’s Eibor hits new high of 48.6pc

The interest rates charged by the Emirates Inter-Bank Offered Rate (Eibor) hit new highs of 30.7- 48.6 per cent across all terms since the beginning of the year, a media report said. The interest hike is attributed to the US Feder

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EIBOR panel to stop fixing rates on Saturdays

The panel of banks fixing the Emirates Interbank Offered Rates has decided not to fix EIBOR rates on Saturdays, with effect from May 29, state news agency Wam quoted a central bank statement as saying. Currently, a fixing is sched

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UAE forwards at 11-month low, dirham to stay near peg

UAE one-year currency forwards fell to an 11-month low on Monday helped by  improved liquidity in the banking system, indicating the Opec member's dirham would keep near its US dollar peg. One-year dirham forwards edged down to -5

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UAE cbank sets up new liquidity facility

The UAE’s central bank set up new additional liquidity facility for commercial banks, it said on Sunday. 'Central Bank has issued a notice to UAE banks and branches of foreign banks operating in the UAE, making available to them a spec

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UAE interbank rates ease after cbank takes over

United Arab Emirates interbank rates fell on Thursday, the first day they were set after the central bank took control of the fixing process in the hope it would lower the rates it has long said are too high. In September, the central bank

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UAE to launch Eibor mechanism next month

The United Arab Emirates central bank will introduce an official interbank offered benchmark rate mechanism in the first half of September, a treasury official said on Wednesday. 'To finalise the project it will probably take until the

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UAE plans benchmark for dirham rate

The UAE central bank is planning to set up an interbank offered rate that would create an official benchmark for the dirham's offered rate, and ensuring a better view of "prevailing market conditions." "The objective behind this initiative

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NBAD prices convertible bond issue

National Bank of Abu Dhabi (NBAD) said it priced its Dh2 billion ($544.7 million) of convertible bonds at 25 basis points below Emirates Interbank Offered Rate (EIBOR) and would convert at 30 per cent above its last trade. The 10-year floa

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