UAE Central Bank
Digital Dirham aims to enhance payment efficiency and drive financial inclusion in the UAE.
The Fed decided to maintain the target range for the federal funds rate at 4.25-4.5 percent in its latest meeting
This collaboration aims to boost the UAE’s financial market infrastructure with top efficiency and resiliency standards
The obverse of the gold coin, weighing 40 grams with a diameter of 40 mm, features a depiction of the two leaders
Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024
After keeping interest rates in the 4.25-4.50 percent range, Fed policymakers signaled that rate cuts are still likely to happen in 2025
Issuance includes 2,000 coins of 50 grams and 5,000 coins of 20 grams each
The UAE Islamic finance industry is estimated to have reached over $285 billion at the end of Q1 2025
The Fed held the benchmark overnight rate steady in the 4.25-4.50 percent range
The strategy aims to increase the assets of UAE Islamic banks from AED986 billion to AED2.56 trillion within six years
The Fed has held its policy rate in the 4.25-4.50 percent range since December
