Browsing: UAE banking sector

ABU DHABI: The Central Bank of the UAE kept the Base Rate applicable to the Overnight Deposit Facility unchanged at 3.65% on April 29, leaving the country’s main policy benchmark at the same level after the latest U.S. rate decision. The move preserves

The Central Bank of the United Arab Emirates (CBUAE) has reported a significant increase in its gold reserves, surpassing AED23 billion by the end of the third quarter of 2024. According to the CBUAE’s Monthly Statistical Bulletin for September, the

MENA Newswire News Desk: The UAE’s banking sector achieved an 11.1% growth in net international reserves during the first seven months of 2024, reaching AED1.273 trillion by the end of July, an increase of AED127.5 billion from AED1.145 trillion recorded