Central banks in the UAE, Saudi Arabia and Bahrain raised their key interest rates by 25 basis points on Wednesday, following the US Federal Reserve's decision to increase its benchmark rate for the first time since 2023 amid renewed inflationary pressures.
The Central Bank of the UAE (CBUAE) and Mastercard have concluded a capacity-building programme to boost national capabilities to tackle evolving risks across the digital payments ecosystem.
Reserves held by UAE banks with the Central Bank of the UAE rose to AED439 billion ($119.5 billion) in the first quarter of 2026, underscoring strong liquidity buffers in the banking system as authorities press ahead with financial sector resilience measures.
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.
