#Central Bank of the UAE

Cash deposits in UAE hit Dhs687.2bn by October-end

Cash deposits in UAE hit Dhs687.2bn by October-end

The central bank said cash deposits during the first ten months of 2023 soared by 8.12 per cent or Dhs51.6bn

Dubai economy sees growth in H1 2023 -GettyImages-1392301478

UAE central bank raises GDP growth outlook to 5.7% in 2024

The apex lender projected that the country’s overall GDP will grow by 3.1 per cent in 2023

UAE money laundering prosecution office

UAE interest rates unchanged after US Fed announcement

The Central Bank of the UAE has said it would keep interest rates unchanged following a similar announcement by the US Federal Reserve overnight.

Dubai Government cuts public debt by Dhs29bn

Dubai Government reduces public debt by Dhs29bn

The emirate repaid Dhs20bn as part of its total financing from Abu Dhabi and the Central Bank of the UAE

Central Bank of the UAE

Central Bank of the UAE’s H1 2023 budget revealed

On an annual basis, the central bank’s public budget surged by 32.15 per cent, equivalent to Dhs158bn

CBUAE revokes licence of an exchange firm

CBUAE revokes licence of money exchange firm

The administrative sanctions are the result of findings which revealed serious regulatory misconduct

insurance company

CBUAE removes board of directors of insurance company

It is replaced it with a temporary committee of experts for six months

UAE's One Dirham banknote issued in 1973. Image Credit: Central Bank of the UAE

UAE’s dirham marks 50 years of circulation

The Emirati dirham was issued as the UAE’s official currency replacing a mix of international currencies which had been in circulation in the emirates

Central bank of UAE launches FIT Programme

Central Bank of UAE launches Financial Infrastructure Transformation Programme

The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency

UAE Central Bank

National banks’ financing of trade, industry sectors total Dhs37.2bn in nine months

The cumulative balance of credit provided by national banks to trade and industry sectors reached Dhs720.8bn at the end of August

CBUAE raises interest rate as of September 22

CBUAE, Gulf central banks raise interest rates following US Fed rate hike

The US Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point to a range of 3 to 3.25 per cent on Wednesday

FDIs in UAE grew by 116% in past decade

UAE’s FDI rises by 116% over the past decade

The cumulative FDI balance received by the UAE also increased by 141.6 percent from 2011 to 2021

UAE Central Bank launches two new banknotes

The new banknotes are the third issue of the national currency

uae central bank

UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021

Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021

Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs

UAE Central Bank approves creation of 5,000 jobs for Emiratis by 2026

The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors

UAE Central Bank

UAE Central Bank foreign assets reach Dhs392.4bn by end of Q1 2021

The central bank’s foreign assets increased 0.4 per cent year-on-year

UAE Central Bank

Overall liquidity in UAE banking system back to pre-Covid levels – Central Bank

The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021

Exchange house in UAE fined Dhs504,000 by Central Bank

The exchange house reportedly has a weak anti-money laundering and combating financing of terrorism compliance framework

Central Bank of UAE

UAE’s Central Bank appoints Khaled Al Tameemi as Vice Governor

Al Tameemi has over 30 years of experience in various entities including being a board member in the Central Bank

Abu Dhabi lenders invest Dhs19bn in debt securities for Jan-Sep 2020

The balance of the investments in debt securities by Abu Dhabi lenders totalled Dhs182.5bn at the end of 2019

Central Bank of the UAE

UAE Central Bank extends Targeted Economic Support Scheme until June 2021

The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies

Hawala operators in the UAE must register before December 2 to avoid penalties

Relevant legal actions will be taken for non-compliance


Etisalat Group reports Dhs4.6bn consolidated net profit for H1 2020, up 3% y-on-y

However, consolidated revenues of the UAE’s biggest telecom operator decreased 1 per cent to Dhs25.6bn

Outward personal remittances from the UAE in Q1 2020 increased 7.8% y-on-y

The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US