Saturday 20 January 2018
 
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UAE central bank

UAE cbank raises interest rates by 25 bps

The Central Bank of the UAE has announced that effective today (December14), it will raise interest rates applied to the issuance of its Certificates of Deposits by 25 basis points, a media report said. The move is in line with th

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UAE Central Bank gold holdings top $307 million

The UAE Central Bank's reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Ba

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UAE cbank assets hit $715bn in October

The UAE Central Bank's gross bank assets, including bankers' acceptances amounted to around Dh2.639 trillion ($715 billion) during the month of October against Dh2.643 trillion in September. According to CB statistics rele

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UAE Central Bank reserves surge to $34 billion in H1

The banking sector increased its statutory reserves at the UAE Central Bank by Dh8.6 billion ($2.34 billion) during H1, 2017, bringing to Dh125.5 billion ($34.16 billion) the total required reserves by the end of June, according to CB statistics

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UAE Central Bank deposits top $33 billion in H1

The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said. On

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$205bn worth of cheques handled in H1: UAE cbank

A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the first half of the year, UAE Central Bank was quoted as saying in a media report. Bounced cheques since Ja

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UAE freezes accounts of new terror outfits

The UAE Central Bank has issued a circular to all financial institutions operating in the country to start search for and freeze all bank accounts and investments held by any individual or entity mentioned in the new terror lists declared by Sau

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UAE cbank to host IFSB Summit in Abu Dhabi

The Central Bank of the United Arab Emirates (CBUAE) is hosting the IFSB Summit 2017 in Abu Dhabi from October 23 to 26. A Memorandum of Understanding (MoU) on the collaboration for the event was signed between CBUAE and the Islam

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New e-payment licensing regulations in the UAE

On January 1, the Central Bank of the UAE issued the Regulatory Framework For Stored Values and Electronic Payment Systems. The overarching goal of the Regulations is to help facilitate the increased adoption of secure digital payments, which it

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Fiscal buffers easing external shocks: UAE cbank

The build-up of large fiscal buffers over recent years, in addition to a highly liquid and well-capitalised banking sector, have reduced the potential impacts of negative external shocks, said the governor of UAE’s Central Bank.

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