#UAE Central Bank

UAE Central Bank withdraws Dhs10.9bn in excess liquidity during August

This move came after the central bank met the market needs for liquidity over the previous months

The role of GCC banks in promoting regional economic growth

Evolution of the regional banking ecosystem has propelled economic growth in recent years, and continues to progress apace

First Abu Dhabi Bank

First Abu Dhabi Bank to start talks with Israeli lenders

The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office

UAE Central Bank ramps up TESS scheme to support banking sector

The directive will encourage banks to strengthen the TESS scheme and support customers in overcoming the impact of the pandemic

UAE plots new stimulus measures to bolster economy

The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses

Sheikh Khalifa issues decree to restructure board of directors of UAE Central Bank

The restructure follows the appointment of Abdulhamid Saeed as governor in April

UAE’s Central Bank launches new deposit facility for banks

The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year

UAE Central Bank’s TESS liquidity scheme availed by 26 banks

More than 140,000 eligible customers have already benefited from the TESS liquidity facility

UAE issues special coins, bank note to commemorate Year of Zayed

A total of 5,000 silver commemorative coins weighing 60 grams will be issued

UAE Dirham Will Remain Pegged To US Dollar – Central Bank

The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.