Monday 24 July 2017
 
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Central Bank

UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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UAE cbank foreign currency assets top $87bn

The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May from Dh317.44 billion in April, according to statistics released Tuesday by the bank. The surge i

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Bahrain cbank mulls sandbox for fintech start-ups

The Central Bank of Bahrain (CBB) has announced new regulations to create a regulatory sandbox that will allow start-ups and fintech (financial technology) firms to test and experiment their banking ideas and solutions. The creati

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UAE public, private sector deposits top $11bn in Q1

Bank deposits made by UAE’s public and private sectors amounted to Dh41.4 billion ($11.27 billion) at the end of the first quarter (Q1) of the year, according to recent statistics by the UAE Central Bank. Driven by improved

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Maintaining stability priority, says Qatar cbank chief

Changing economic landscape of Qatar will mean that the framework governing the country’s financial sector would inevitably need to evolve, but maintaining financial stability remains the priority, says the Governor of Qatar Central Bank i

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Bahrain cbank launches mentoring programme

The Central Bank of Bahrain (CBB) and the Bahrain Institute of Banking and Finance (BIBF) have announced the launch of the second batch of a mentoring programme for undergraduate university students, reported the Gulf Daily News, our si

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UAE M1 money supply increases

The Central Bank of the UAE has announced that the money supply aggregate (M1) increased by 0.04 per cent, from Dh472.4 billion at the end of October 2016 to Dh472.6 billion at the end of November. In its statement, the bank annou

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Bahrain cenbank raises deposit rate by 25 bps

Bahrain's central bank said on Wednesday (December 14) that it has decided to raise the interest rate on its overnight deposit facility, its key policy interest rate, by 25 bps from 0.50 per cent to 0.75 per cent with immediate effect.

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Saudi central bank gets new name

Saudi Arabian Monetary Agency, the kingdom's central bank, has changed its name to Saudi Arabian Monetary Authority. The acronym SAMA, however, remains unchanged, said the Saudi central bank in a statement. All

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Bahrain cbank mulls new fintech laws

Central Bank of Bahrain (CBB) is considering introducing regulations on financial technologies (fintech), reported the Gulf Daily News, our sister publication. To read further, please visit

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