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UAE Central Bank kicks off Direct Debit System

Further to the earlier communication in April 2013, the Central Bank of UAE announced that the registration of the Banks & Finance companies into...

UAE Central Bank to launch discount window for banks

The United Arab Emirates central bank aims to develop its monetary policy framework by launching a discount window to enable banks to borrow intra-day...

Money supply in UAE decreased

The UAE's Central Bank announced that money supply M0 (currency in circulation + currency at banks) decreased by 2.1 percent. from AED 53.2 billion...

AED 55 billion worth of bounced cheques in 2011

UAE central bank reports AED 55 billion worth of bounced cheques in 2011.

Central Bank of the UAE announces increase in money supply by...

Central Bank of UAE, announced money supply M0 increased by 4.2 per cent from AED 49.9 billion at end of September 2011 to AED 52.0 billion at the end of October of same year.

UAE’s Bankruptcy and Financial Restructuring Law almost ready

The Ministry of Finance has announced that it has referred the Bankruptcy and Financial Restructuring Law Initiative to technical committee at Ministry of Justice.

Central Bank of UAE launches International Bank Account Number

The Central Bank of the UAE today announced the introduction of the International Bank Account Number (IBAN) as a standard for identifying all bank...

UAE’s first gold bullion coin unveiled in Dubai

In recognition of the visionary leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates and his His...

UAE Central Bank will keep Dollar Peg

The United Arab Emirates will keep its dollar peg despite  S&P's downgrade of the U.S. economy, according to a central bank official comments to...

UAE Central Bank Statement on U.S. Public Debt

"Due to the controversy at the legislative authorities in the US, around the public debt of the US Government,  we have received some questions...

UAE Central Bank’s governor calls for reduced interest rates on loans

Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...

New system limits personal loans to 20 times a person’s monthly...

UAE Central Bank announced today that it has adopted a new system of bank loans and other services provided to individual clients. The announcement came...

UAE releases silver commemorative coins

UAE Central Bank releases fifty dirhams souvenir coin to mark 50th anniversary of discovery of Umm Al Nar civilization On the 50th anniversary of the...