Company Insights Central Bank of the United Arab Emirates Banking and Finance Central Bank of the United Arab Emirates News Finance Investments by UAE banks hit new record of $158bn Investments by UAE banks in financial instruments hit a record high of AED580 billion ($157.91 billion) in August, the Central Bank of the UAE said. Investment rose 19.5 percent year on year to AED585.4 billion until the end of August from AED489.8 billion a year earlier, the UAE state-run Wam news agency reported. Bonds held […] October 26, 2023 India and UAE to expand rupee-dirham trade India and the UAE are actively exploring opportunities to expand the rupee-dirham trade, resulting in an expected five percent saving on all bilateral trade, India’s commerce and industry minister Piyush Goyal said. The two countries are also working to lower the remittances cost from the UAE to India, the state-owned Press Trust of India news […] October 6, 2023 Trade India and UAE to discuss investment challenges Government officials from India and the UAE will hold discussions this week to address challenges impacting bilateral investments and review the trade agreement signed between the two countries last year. India’s commerce and industry minister Piyush Goyal will commence a two-day visit to the UAE on Thursday and co-chair the 11th India-UAE high-level task force […] October 5, 2023 Finance UAE and Egypt sign currency swap agreement The central banks of the United Arab Emirates and Egypt have signed a bilateral swap deal in local currencies to boost trade and bolster financial stability. The agreement allows for the exchange of UAE dirhams and Egyptian pounds with a nominal amount of up to AED5 billion ($1.36 billion) and EGP42 billion, the UAE state-run […] September 29, 2023 Finance Dubai public debt to fall by $8bn by end of 2023 Dubai’s public debt will drop by AED29 billion ($7.90 billion) by the end of the year, the emirate’s Public Debt Management Office (PDMO) said. The debt reduction includes a full redemption of sukuk worth AED3.3 billion, the repayment of bilateral and syndicated facilities worth AED5.2 billion and a partial settlement of AED20 billion from the […] September 27, 2023 Economy Fed interest rate pause will help GCC non-oil sector The decision by the US Federal Reserve to leave policy rates unchanged will have a positive impact on the non-oil sectors of Gulf Cooperation Council (GCC) countries, according to leading economists. The Fed has announced 11 rate hikes since March 2022, but on Wednesday decided to hold its benchmark rate steady, albeit at a 22-year […] September 21, 2023 Renewable Energy UAE president and Indian PM to meet at G20 summit UAE President Mohammed bin Zayed is likely to hold a bilateral meeting with India’s Prime Minister Narendra Modi during the G20 summit in New Delhi over the weekend, Indian media reported. The UAE has been invited as a guest for the G20 summit by India, the host nation. Though not a state visit by the […] September 7, 2023 Banking and Finance UAE consumers save less, borrow more in second quarter UAE consumers saved less and borrowed more in the second quarter of the year, data from the country’s top 10 banks revealed. The overall loan-to-deposit ratio (LDR) rose from 74.9 percent in Q1 2023 to 76.3 percent in Q2, recording the first increase after four successive quarterly declines, according to the latest quarterly UAE Banking […] August 25, 2023 Construction Dubai real estate market bats off interest rate hits International private credit funds could be ready to tap into the Dubai real estate market with competitive interest rates. The Central Bank of the UAE raised its borrowing rate in July after the US Federal Reserve pushed its interest rate to a 22-year high. Now Asian and European funds are looking at the market as […] August 17, 2023 Finance UAE national banks increase credit by $7.7bn for two sectors The UAE national banks have increased credit facilities for the business and industrial sectors by AED28.4 billion ($7.73 billion) in the first five months of this year, the Central Bank of the UAE data showed. The two sectors saw a four percent rise in credit balance from national banks between January and May, rising from […] August 16, 2023 Posts navigation Previous 1 … 4 5 6 … 9 Next
Finance Investments by UAE banks hit new record of $158bn Investments by UAE banks in financial instruments hit a record high of AED580 billion ($157.91 billion) in August, the Central Bank of the UAE said. Investment rose 19.5 percent year on year to AED585.4 billion until the end of August from AED489.8 billion a year earlier, the UAE state-run Wam news agency reported. Bonds held […] October 26, 2023
India and UAE to expand rupee-dirham trade India and the UAE are actively exploring opportunities to expand the rupee-dirham trade, resulting in an expected five percent saving on all bilateral trade, India’s commerce and industry minister Piyush Goyal said. The two countries are also working to lower the remittances cost from the UAE to India, the state-owned Press Trust of India news […] October 6, 2023
Trade India and UAE to discuss investment challenges Government officials from India and the UAE will hold discussions this week to address challenges impacting bilateral investments and review the trade agreement signed between the two countries last year. India’s commerce and industry minister Piyush Goyal will commence a two-day visit to the UAE on Thursday and co-chair the 11th India-UAE high-level task force […] October 5, 2023
Finance UAE and Egypt sign currency swap agreement The central banks of the United Arab Emirates and Egypt have signed a bilateral swap deal in local currencies to boost trade and bolster financial stability. The agreement allows for the exchange of UAE dirhams and Egyptian pounds with a nominal amount of up to AED5 billion ($1.36 billion) and EGP42 billion, the UAE state-run […] September 29, 2023
Finance Dubai public debt to fall by $8bn by end of 2023 Dubai’s public debt will drop by AED29 billion ($7.90 billion) by the end of the year, the emirate’s Public Debt Management Office (PDMO) said. The debt reduction includes a full redemption of sukuk worth AED3.3 billion, the repayment of bilateral and syndicated facilities worth AED5.2 billion and a partial settlement of AED20 billion from the […] September 27, 2023
Economy Fed interest rate pause will help GCC non-oil sector The decision by the US Federal Reserve to leave policy rates unchanged will have a positive impact on the non-oil sectors of Gulf Cooperation Council (GCC) countries, according to leading economists. The Fed has announced 11 rate hikes since March 2022, but on Wednesday decided to hold its benchmark rate steady, albeit at a 22-year […] September 21, 2023
Renewable Energy UAE president and Indian PM to meet at G20 summit UAE President Mohammed bin Zayed is likely to hold a bilateral meeting with India’s Prime Minister Narendra Modi during the G20 summit in New Delhi over the weekend, Indian media reported. The UAE has been invited as a guest for the G20 summit by India, the host nation. Though not a state visit by the […] September 7, 2023
Banking and Finance UAE consumers save less, borrow more in second quarter UAE consumers saved less and borrowed more in the second quarter of the year, data from the country’s top 10 banks revealed. The overall loan-to-deposit ratio (LDR) rose from 74.9 percent in Q1 2023 to 76.3 percent in Q2, recording the first increase after four successive quarterly declines, according to the latest quarterly UAE Banking […] August 25, 2023
Construction Dubai real estate market bats off interest rate hits International private credit funds could be ready to tap into the Dubai real estate market with competitive interest rates. The Central Bank of the UAE raised its borrowing rate in July after the US Federal Reserve pushed its interest rate to a 22-year high. Now Asian and European funds are looking at the market as […] August 17, 2023
Finance UAE national banks increase credit by $7.7bn for two sectors The UAE national banks have increased credit facilities for the business and industrial sectors by AED28.4 billion ($7.73 billion) in the first five months of this year, the Central Bank of the UAE data showed. The two sectors saw a four percent rise in credit balance from national banks between January and May, rising from […] August 16, 2023
