The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged
The US Federal Reserve raised its benchmark interest rates by 25 points to the highest level in 22 years
The MoU will enable joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the central banks
The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year
The CBUAE is the first in the region to issue the largest multi-coloured Kinegram surface applied foil stripe in the new banknote issue
The new five-year T-Bonds will contribute to strengthen the local debt capital market and build the UAE dirham-denominated yield curve
The website provides the latest financial and monetary news, research and statistics on the UAE and CBUAE regulations
The guidance came into effect on Monday, September 13, with licensed financial institutions being given a month to demonstrate compliance
Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020