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.
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.
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
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
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
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
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
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
Islamic lenders operating in the UAE have so far invested Dh3.5 billion ($954 million) in sharia-compliant certificate of deposits, a central bank official said in published remarks on Tuesday.
Proceeds from such Islamic certificates were
UAE banks need to raise deposit levels to reduce interbank lending rates and put them more in line with London Interbank Offered Rates (Libor), the central bank governor was quoted as saying on Thursday.
UAE interbank rates (EBOR) have sta