Monday 24 July 2017
 
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UAE central bank

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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Dubai house prices fastest growing in the world

Dubai topped the global annual rankings for growth in house prices for the fifth consecutive quarter ending June, recording annual price growth of 24 per cent, though this is down from 27.7 per cent in the year to March, a report said.

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StanChart liable to legal action in UAE says cbank

Standard Chartered is liable to legal action in the UAE after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators, the UAE central bank said on Thursday. Under the settleme

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UAE central bank buying US govt debt again

The United Arab Emirates' central bank has resumed investing in US Treasury bonds because interest rates on them are now reasonable, the bank's governor said on Tuesday. Gulf Arab oil exporters such as the UAE mainly invest in dollar asset

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Hamdan university highlights e-learning strategies

Hamdan Bin Mohammed e-University (HBMeU) recently met senior officials of the UAE Central Bank to discuss how e-learning programs can benefit the banking sector. HBMeU later held a presentation about the university's distinct capabili

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UAE central bank to curb personal loans, fees

The United Arab Emirates central bank has introduced new rules to limit loans to individuals and bank service charges in the Gulf Opec member, it said in a statement on Sunday. The UAE monetary authority said earlier this month that it wou

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UAE central bank keeps cap on cash dividends

The United Arab Emirates central bank has told banks they could distribute a maximum 50 per cent of their profits as cash dividends, renewing a cap imposed last year, a newspaper reported on Saturday. The cap on cash dividends was extended

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UAE cbank mulls new rules to regulate bank fees

The United Arab Emirates central bank will come up with new rules to prevent the country's banks from charging excessive fees, its governor was quoted as saying by a news website on Wednesday. 'I agree that banks have increased the

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