#central bank

digital dirham-sheikh mansour

Landmark Digital Dirham payment to China marks CBUAE’s 50th anniversary

Facilitated through the multi-CBDC platform ‘mBridge’, the transaction utilised central bank-mandated digital currencies for international fund transfers

Turkish central bank raises inflation forecasts

Turkish central bank raises inflation forecasts, sees 70%-75% peak

Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points


Gold treads water as traders cautiously await US inflation data

Spot gold was little changed at $1,674.62 an ounce as of 7.48am in Singapore

Oil steady near eight-month low ahead of Central Bank rate hikes

West Texas Intermediate traded near $84 a barrel after closing almost 2 per cent lower on Tuesday following a volatile session

digital cash

Fundamental question: Does your country really need digital cash?

Whether you’re Poland or Peru should make a big difference in deciding just how big a priority a central bank digital currency should be

Gold steady in Asia with traders digesting cooling US Inflation

Central banks to increase gold holdings over crisis concerns

Anticipated changes in the international monetary system and concerns over rising economic risks in reserve currency economies are also major factors

Lebanon’s Central Bank chief charged with money laundering

Riad Salameh is also under investigation in France and Switzerland


UAE Central Bank extends economic support measures until June 30

Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months

UAE Central Bank mulls emiratisation of some banking and insurance roles

The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector

UAE reduces fuel price in August

Lebanese brace for higher fuel prices as government cuts subsidy

The fuel crisis has exacerbated power blackouts and resulted in miles-long lines at gasoline stations

Central Bank of the UAE

UAE banks return Dhs14.47bn received from Central Bank’s TESS initiative

A Dhs100bn Targeted Economic Support Scheme initiative was launched by the CBUAE in March 2020

Saudi Arabia replaces central bank governor

Ahmed Alkholifey is being replaced by Fahad Al-Mubarak, who was central bank governor from 2011 to 2016

Kuwait Central Bank allows lenders to distribute 2020 dividends

The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020

Oman banks get more flexibility in financing stock investments

Oman’s central bank also said banking sector in the sultanate was “comfortably placed”

UAE’s non-oil GDP to grow 3.6% by end 2021

The UAE has rolled out economic support packages worth more than Dh388bn to mitigate the impact of the pandemic

Egypt’s biggest listed bank slumps after chairman steps down

The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close

Gold barrels past $2,000 with stage set for prices to rally more

Bullion is up more than 30 per cent this year, and could extend gains as governments and central banks respond to slowing growth with vast amounts of stimulus

Abu dhabi uae capital flag

UAE Central Bank projects economic recovery in second half of 2020

Non-oil growth is projected to contract by 4.1 per cent in 2020 due to the adverse implications of Covid-19

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook