UAE Central Bank

CBUAE: Gross banks’ assets rise 2.4 percent to $1.24 billion at end of December 2024

CBUAE reported M1 money supply rose 2.3 percent to $257.7 billion by December 2024

CBUAE first Central Bank in region to sign Statement of Commitment to FX Global Code

This code promotes integrity, transparency, and fairness in the wholesale foreign exchange market practices

Jaywan, UAE’s first domestic card scheme to be activated locally and globally: CBUAE

Jaywan offers secure, efficient payments, reducing costs, supporting growth, and promoting inclusion

US Federal Reserve, UAE central bank hold interest rates steady

After cutting the benchmark interest rate a full percentage point last year, the Fed kept it in the current 4.25-4.50 percent range

UAE Central Bank reports gold reserves over $6.6 billion by end of October 2024

This represents a month-on-month increase of 5.5 percent, or $348.5 million

UAE unveils limited edition silver coin to celebrate Central Bank’s 50th anniversary

The CBUAE has issued 3,000 of these commemorative coins, each weighing 60 grams

CBUAE forecasts real GDP growth: 4 percent in 2024, rising to 5.5 percent by 2026

Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025

Gold reserves at CBUAE surpass $6.3 billion in Q3 2024

Reserves grew month-on-month by $316.9 million

US Federal Reserve cuts interest rates by quarter point amid cooling inflation

Fed policymakers projected they will cut their benchmark rate by a quarter-point just twice in 2025