Central Bank

UAE’s outlook soars as S&P predicts 5.3 percent GDP growth in 2024

Robust expansion in sight fueled by diverse sectors and stable banking environment

CBE launches $1 billion treasury bills

One-year treasury bills aim to attract investors despite rising global rates

Egypt to auction $1 billion dollar-denominated treasury bills

Money supply (M2) grew by 19.92 percent year-on-year in December 2023

CBE raises interest rates by 200 basis points: Is a currency devaluation on the horizon?

Gap widened between Egyptian pound's official and parallel markets rates

Oil prices decline following Fed’s interest rate cut signals

Despite economic and geopolitical crises, 2024 will be a healthy year for the oil market

Gold prices recover from dip as Powell counters rate cut expectations

Central banks' record gold buying drives demand to new heights

Gold prices dip amid dollar rally

US dollar's rebound and monetary policy anticipation impact precious metal valuations

Oil prices rise on regional tension fears and China demand concerns

Traders reevaluate Middle East supply risks as China's real estate woes deepen

UAE makes first cross-border digital dirham payment, transferring $13.6 million to China

Transaction took place during a celebration marking the 50th anniversary of the CBUAE

Gold prices rally on Middle East tensions and Fed meeting anticipation

Gold maintains its safe-haven appeal as investors seek refuge amid economic uncertainties