Central Bank

Türkiye hikes interest rates to 45 percent in a battle against inflation

Analysts skeptical as Turks grapple with economic challenges

Oil prices increase amid U.S. crude storage and production decline

Chinese economic stimulus and a weaker output contribute to the complex oil market dynamics

Gold prices fall, market awaits GDP and inflation data

Strong economic indicators and diminishing recession fears impact gold's allure

Gold prices rise as investors await U.S. interest rate cuts

Uncertainty looms as investors navigate economic data and central bank decisions

European banks enter 2024 bolstered by strong profit growth

Lenders expected to experience adverse effects of rising interest rates

Indicators suggest gold will maintain strength in 2024

Metal likely to remain within specific range but exhibit some volatility

U.S. dollar decline triggered by speculation of Fed rate cut

China's interest rate stabilization impacted U.S. dollar, Yuan

What will the Federal Reserve decide at its January 31 meeting?

Economic data outlines the framework for the U.S. Central Bank’s action

UAE Islamic T-Sukuk record AED9.39 billion in bids

The auction value recorded 2.8 billion, oversubscription grows 3.35 times

Oman’s Sohar International Bank expands into Saudi Arabia

Fostering economic growth and collaboration between the sultanate and Saudi Arabia

Türkiye’s bold minimum wage hike spells trouble for inflation

A 49 percent surge in monthly minimum wage could exacerbate inflation and strain businesses

CBUAE issues rules to regulate short-term credit services

Amending regulations to regulate the growing 'Buy Now, Pay Later' financing offers

CBUAE raises its GDP growth forecast to 5.7 percent for 2024

Increase compared to its previous forecast of 4.3 percent

CBUAE report reveals strongest-performing sectors in Q3 of 2023

Real estate, tourism and aviation showed robust performance

Gold continues upward trend, surpasses $2,030 mark

Yellow metal set to record highest annual gains in three years

Saudi Arabia concludes €1 billion financing deal with Italy’s SACE

Strengthening trade and investment relations between the two countries

UAE banking sector sets new record with AED4 trn in assets

Total bank credit reached AED1.982 trillion by the end of October

CBUAE budget balance reaches AED647.6 billion in October

Balance sheet includes AED283.9 billion in cash and AED206 billion in investments

CBUAE adopts AFAQ to enhance regional financial connectivity

UAE joins gulf payments company to revolutionize safe cross-border transactions