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    CBUAE and DIEDC join forces to strengthen Islamic banking sector

    03 Oct 2020

    The Central Bank of the UAE (CBUAE) on Saturday signed a Memorandum of Understanding (MoU) with the Dubai Islamic Economy Development Centre (DIEDC) to reinforce and expand the reach of the Islamic banking sector,

    The crisis in Lebanon

    22 Apr 2021

    As Lebanon sinks lower into financial ruin, foreign banks are cutting ties with the Central Bank, making it difficult for the country to purchase goods and transfer payments from abroad.

    President issues decree restructuring UAE Central Bank under chairmanship of Mansour Bin Zayed

    10 Apr 2021

    Pursuant to the Decree, the Board of Directors of the CBUAE shall be reconstituted by the following members; Abdulrahman Saleh Al Saleh as the Vice Chairman; Jassem Mohammad Buatabah Al Zaabi as Vice Chairman; and Khalid Mohammed Salem Balama as Governor of CBUAE.

    CBUAE issues new Consumer Protection Regulation

    01 Feb 2021

    The Principles-Based Regulation sets out key objectives to ensure protection of consumers’ interest in their use of any financial product, service and relationship with Licenced Financial Institutions (LFIs).

    UAE Central Bank to cut interest rates by 75 basis points ​ ​

    16 Mar 2020

    The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning on Monday (March 16), following US Federal Reserve cuts to contain the economic repercussions of coronavirus, COVID-19.

    UAE’s Dhs100b stimulus package a huge step

    15 Mar 2020

    The UAE has been taking robust containment and control measures to tackle Corona virus COVID-19 crisis, which has become humanity’s biggest challenge.

    Saudi central bank announces $13b financing package to help SMEs

    15 Mar 2020

    Saudi Arabia’s central bank said it had prepared a 50 billion riyal ($13 billion) package to help small and medium-sized enterprises cope with the economic impacts of the coronavirus outbreak.

    Sweden’s central bank unveils loan package of $51 billion

    14 Mar 2020

    Sweden’s central bank (CB) would lend up to 500 billion crowns ($51 billion) to Swedish companies via banks, moving to shore up credit flows as the coronavirus epidemic wreaks havoc on global financial markets.

    CBUAE’s foreign assets reach Dhs406 billion in February

    17 Mar 2020

    The total foreign assets of the Central Bank of the UAE (CBUAE), were valued at Dhs405.94 billion in February 2020, according to the latest figures released by the central bank.

    China loans touch $405 billion as central bank brings stimulus

    11 Apr 2020

    China’s loans surged as coronavirus stimulus kicked into save the economy. New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record,

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