Friday 25 May 2018
 
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Central Bank

UAE cbank money supply M1 tops $140bn in April

The UAE’s Central Bank has announced that the Money Supply aggregate M1 increased by 1.3 per cent, from Dh510.6 billion ($139 billion) at the end of March to Dh517.4 billion ($140.8 billion) at the end of April, a media report said.

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GCC debt issuance weak Q1 at $12bn: NBK

While the GCC sovereign issuance was quiet in the first quarter (1Q) of the year at $12 billion, still-favourable borrowing costs, high oil prices, and continued foreign investor interest are expected to keep market access relatively easy this y

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UAE cbank deposits reach $15 billion in Q1

Monetary deposits at the UAE Central Bank stood at Dh55.8 billion ($15.2 billion) in the first quarter of 2018 while withdrawals reached about Dh55 billion, according to the figures released by the UAE Central Bank yesterday (April 17).

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UAE Central Bank gold reserves rise to $326.7m

The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.2 billion ($326.71 million) at the end of January, an increase of Dh48 million, or 4.1 percent, compared to Dh1.152 billion in December 2017.  

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MEA FinTech Forum set to open in Bahrain

More than 400 delegates will attend the second Middle East & Africa Fintech Forum, which will be held in Manama, Bahrain, tomorrow (March 8) under the theme ‘Beyond Disruption’. The forum will be held under the pat

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UAE cbank launches customer happiness initiative

The Central Bank of the UAE (CBUAE) has launched the UAE’s first Innovation ‘Happython’ aiming to find innovative ways to increase customer happiness in the banking and financial sectors by enhancing the customer journey. for b

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UAE cbank foreign currency assets top $88bn

Total currency assets held by the UAE Central Bank (CBUAE) abroad reached Dh326 billion ($88.7 billion) in January, an increase of 12.1 per cent over the same month in 2017, when they stood at Dh290.7 billion, according to official figures.

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UAE interbank fund transfers top $164bn in January

The total value of fund transfers among the UAE's banks amounted to Dh604.33 billion ($164.5 billion) during January, an increase of Dh60.9 billion over December 2017, a media report said. According to the UAE Central Bank fig

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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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