Thursday 19 July 2018
 
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Central Bank

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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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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