UAE’s EIBOR Panel To Stop Fixing Rates On Saturdays

Currently, a fixing is scheduled for every day other than Friday.



The panel of banks fixing the Emirates Interbank Offered Rates has decided not to fix EIBOR rates on Saturdays, with effect from May 29, state news agency WAM quoted a central bank statement as saying.

Currently, a fixing is scheduled for every day other than Friday on which banks are open for usual business in the UAE.