The notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged
The US Federal Reserve upped its policy rate by three-quarters of a percentage point for the fourth consecutive time
Central banks across the GCC have also raised their interest rates
The base rate suggests the general stance of the Central Bank’s monetary policy
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
The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021
The CBUAE said that anyone can voice their concerns around misconduct without any fear of reprisals
Banks can draw on the facility to provide new loans and financing
He previously held the central bank’s deputy governor post
The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank
The financial sanctions were imposed on January 24, 2021
This move came after the central bank met the market needs for liquidity over the previous months
Evolution of the regional banking ecosystem has propelled economic growth in recent years, and continues to progress apace
The decision follows the signing of a memorandum of understanding between the UAE central bank and the Israeli Prime Minister’s Office
The directive will encourage banks to strengthen the TESS scheme and support customers in overcoming the impact of the pandemic
The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses
The restructure follows the appointment of Abdulhamid Saeed as governor in April
The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
A total of 5,000 silver commemorative coins weighing 60 grams will be issued
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.