Saturday 20 January 2018
 
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Central Bank

Currency in circulation outside UAE banks tops $18bn

Funds in circulation outside UAE-based banks amounted to Dh67.5 billion ($18.4 billion) in 10 months of 2017, a growth of 8.3 per cent from Dh62.3 billion by the end of 2016, a media report said. Currency in circulation outside ba

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Bahrain cbank chief named Central Banker of the Year

Rasheed Mohammed Al Maraj, governor of the Central Bank of Bahrain (CBB) has been named the Middle East Central Bank Governor of the Year award for 2018 by The Banker. Al Maraj assumed the governorship in 2005 and under his leader

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UAE Central Bank's foreign assets up 54.7pc to $62bn

Current account balances and deposits of the UAE Central Bank with banks abroad rose 54.7 per cent or Dh80.8 billion ($22 billion) in the first ten months of the year to Dh228.7 billion ($62 billion) from Dh147.8 billion ($40.2 billion) in the s

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Bahrain economy grows 3.4pc in H1

Bahrain’s economy recorded 3.4 per cent for the first half of 2017 compared to 3.2 per cent in 2016, said the Central Bank of Bahrain (CBB). The non-oil sector also posted a growth rate of 4.7 per cent in the first half of 2

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UAE Islamic banking assets surge 6pc to top $145bn

Assets of Islamic banks operating in the UAE amounted to Dh535 billion ($145.6 billion) by the end of October, around 6 per cent growth since the beginning of the year, accounting for 20.2 per cent of total banking assets in the country, valued

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UAE banks post profits of $7.8bn in nine months

Banks operating in the UAE posted profits of Dh28.8 billion ($7.8 billion) during the first nine months of 2017, a growth of 8 per cent over the corresponding period last year, said the Governor of the UAE Central Bank. Mubarak Ra

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UAE banks top GCC peers with $720bn in assets

The asset value of 48 banks operating in the UAE amounted to around Dh2.3 trillion (US$720 billion) by the end of September, according to UAE Central Bank statistics. This proves that the UAE banking system's solvency profile

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UAE cbank withdraws $2.2bn of surplus liquidity

The UAE Central Bank has withdrawn Dh8.2 billion ($2.2 billion) out of excess liquidity in the market during July after it pumped Dh11.3 billion in June, a report said. The move fits within the Central Bank's mandate to direct

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UAE cbank handles $241bn cheques in 7 months

A total of 17.815 million cheques worth Dh886.7 billion have been handled by the Cheque Clearing System during the first seven months of 2017, UAE Central Bank said. The number of cheques cleared during July reached 2.66 million w

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Bahrain medical insurance grows 19pc in 2016

Bahrain’s medical insurance led the sector growth at 19 per cent in 2016 reaching BD62.11 million ($163 million) from BD52.20 million in 2015, representing almost 23 per cent of the total premiums during the year, the Central Bank said.

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