#UAE Central Bank

CBUAE - interest rate

UAE Central Bank holds interest rates steady as US Fed hits pause on hikes

The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged

CBUAE launches new website

UAE Central Bank raises interest rate by 75 basis points

The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time

central bank

UAE Central Bank raises base rate by 75 basis points

Central banks across the GCC have also raised their interest rates

UAE Central Bank

UAE Central Bank raises base rate by 50 basis points

The base rate suggests the general stance of the Central Bank’s monetary policy

Voices from the top: Women business leaders paving the future

In this report, we hear from some of women business leaders on the challenges they faced, how their organisations have dealt with the Covid crisis and their expectations for 2022

UAE says it is winding down pandemic stimulus as economy recovers

The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021

UAE Central Bank unveils portal to anonymously report misconduct

The CBUAE said that anyone can voice their concerns around misconduct without any fear of reprisals

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank extends economic-support programme until mid-2022

Banks can draw on the facility to provide new loans and financing

Khaled Al Tameemi appointed as UAE Central Bank governor

He previously held the central bank’s deputy governor post

UAE Central Bank fines individual Dhs600,000 under anti-money laundering law

The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank

UAE Central Bank imposes fines worth Dhs45.75m on 11 banks

The financial sanctions were imposed on January 24, 2021

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.