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    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.

    Central Bank of the UAE raises the Base Rate at 75 basis points

    15 Jun 2022

    The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022.

    National banks' gross assets in UAE stand at Dhs3 trillion in first five months of 2022: CBUAE

    07 Aug 2022

    Assets of national banks accounted for 87.8 per cent of gross banking sector's assets of Dhs3.442 trillion by end of last May, against 12.2 per cent for foreign banks.

    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.

    El Salvador’s tryst with bitcoin may prove costly

    08 Sep 2021

    Is bitcoin about to become legitimate? Could it soon be printed with portraits of global heroes (Einstein on the 100 bitcoin bill, Marie Curie on the 1,000)? Could we soon buy a paper or a cup of coffee with it down the high street? That remains a long way off, surely. But Nayib Bukele, president of “plucky El Salvador”, as my colleague Simon Calder would call it, has announced that bitcoin will become legal tender – a first for any sovereign state.

    China’s CB lowers a short-term lending rate to support recovery

    13 Jun 2023

    China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates over the next week and beyond

    Gross banks’ assets hit Dhs3.639tr by end-November last year: CBUAE

    23 Jan 2023

    The Central Bank of the United Arab Emirates (CBUAE) announced that Gross banks’ assets, including bankers’ acceptances, increased by 0.7 per cent, rising from Dhs3.615 trillion

    Pakistan central bank raises key policy rate by 300 bps

    02 Mar 2023

    Pakistan’s central bank raised its key interest rate by 300 basis points on Thursday, exceeding investor expectations, as the country attempts to encourage

    Saudi Arabia deposits $5b in Central Bank of Turkey

    06 Mar 2023

    The Saudi Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, Ahmed Aqeel Al-Khateeb, has signed an agreement

    Central banks, earnings dampen stock markets’ upbeat mood

    20 Apr 2023

    World stocks pulled further away from 2-1/2 week highs touched earlier this week, with sentiment dampened by expectations for further rate hikes

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