The Central Bank of the UAE (CBUAE) has maintained the base rate applicable to the overnight deposit facility (ODF) at 15 basis points, effective from Thursday (July 29).
The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with the Central Bank of Egypt (CBE) to strengthen supervisory cooperation.
Under the supervision of the Central Bank of the UAE, the UAE Banks Federation organised the largest simulated cyberattack in the Middle East,
The balance sheet of the Central Bank of the UAE rose to Dhs495.54 billion in July, a year-on-year increase of 4.2 per cent or Dhs19.93 billion, compared with Dhs475.61 billion in July 2021.
The Central Bank of the UAE (CBUAE) announced on Monday that effective 11th January, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced.
This decision was taken following the US Federal Reserve Board’s announcement on Wednesday to increase the Interest on Reserve Balances (IORB) by 25 basis points.
The CBUAE imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No.20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.
According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors
The Central Bank of the UAE’s public budget reached an all-time high of Dhs650 billion by the end of June 2023, as revealed by its latest fiscal report.