Tag: Central Bank of the UAE
Additional AED16 Billion Stimulus Package To Support UAE Economy
The UAE Cabinet on Sunday approved an additional AED16 billion economic stimulus package to bolster the country’s economy, ensure continuity of businesses, and manage...
UAE’s Central Bank Lowers Interest Rates In Line With Fed cuts
The Central Bank of the UAE has lowered interest rates in line with the decrease in interest rates on the US dollar, following the...
UAE Economy Grew By 2.9 Per Cent In 2019, Says Central Bank
The UAE’s overall real GDP grew by 2.9 per cent in 2019 as compared to 1.7 per cent in the previous year, mainly driven...
UAE’s Central Bank Monitoring Job Cuts In Financial Sector
The UAE’s Central bank has said that it was closely monitoring the financial sector after banks in the country cut jobs by letting go...
UAE Banks Offer AED 50.4 Billion Financial Support to Retail in 9 Months
The United Arab Emirate banks provided AED 50.4 billion financial support to retail commerce in the first nine months of 2019.
The data, released by the Central...
Assets of UAE commercial banks soar to AED 2.457 trillion
The overall assets of commercial banks in the United Arab Emirates swelled to AED 2.457 trillion by the end of September 2019, revealed statistics...
