Friday 21 September 2018
 
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Central Bank

UAE foreign currency reserve tops $89bn

The total foreign currency assets held by the Central Bank of the UAE (CBUAE) surged to Dh329.5 billion ($89.7 billion) during August from Dh326.4 billion in April, a media report said. Current account balances rose and deposits w

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UAE's expat deposits surge $16.6bn more than loans

The UAE's non-resident deposits out-valued their loans by Dh61 billion ($16.6 billion) during the first seven months of the year driven by the increasing deposits by expat clients into local banks, reported state news agency Wam cit

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Oman Q1 trade balance jumps 48pc to top $3.2bn

Oman’s trade balance — the difference in value between its exports and imports — reached RO1.266 billion ($3.28 billion) during the first quarter (Q2) of this year as against RO857 million in Q2 2017, marking a growth of nearly

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1,200 experts to gather for 25th WIBC in Bahrain

Over 1,200 global Islamic banking and finance leaders, industry powerhouses and policy makers will converge for the upcoming 25th edition of the World Islamic Banking Conference (WIBC) set to take place in Bahrain in November. Hel

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UAE banks handle over 12m cheques in 5 months

The number of cheques that passed through the UAE’s cheque clearing system reached 12.060 million during the first five months of 2018, with a total value of around Dh592 billion($161.2 billion), a media report said. The val

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UAE interbank fund transfers hit $762bn in 5 months

The gross value of interbank fund transfers through the UAE Fund Transfer System, UAEFTS, reached Dh2.8 trillion ($762 billion) in the first five months of the year, a media report said. The value was almost the same as that regis

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UAE bank loans to industries up 3.4pc to $210bn

The balance of loans lent by banks operating in the UAE to the industrial and business sectors rose 3.4 per cent at the end of May 2018 to Dh774.5 billion ($210.8 billion), from Dh748.9 billion in December 2017, a media report said.

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UAE cbank foreign assets hit $89bn in May

Foreign assets of the UAE Central Bank (CBUAE) rose to Dh326.6 billion ($88.9 billion) in May 2018 from Dh326.4 billion in April, according to latest statistics issued by the apex bank. "Balances and deposits with banks abroa

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UAE cbank sets new caps on banking fees

The UAE Central Bank (CBUAE) has announced new maximum limits or ‘caps’ for fees or commissions charged on retail customer service in a move to protect consumers against arbitrary levying for various services, a media report said.

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UAE cbank foreign currency assets hit $89bn

Total foreign currency assets held by the Central Bank of the UAE surged 2.8 per cent during April 2018 to Dh326.4 billion ($88.9 billion), from Dh317.44 billion during the same month in 2017, as current account balances rose and deposits with f

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