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#CBUAE

CBUAE publishes monetary, banking developments for March 2024

The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024

UAE central bank maintains the base rate at 5.40%

The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year

UAE’s du secures licences to offer fintech services

The licences will enable du to offer a range of digital financial services that align with the evolving needs and preferences of customers in the digital era

UAE financial system more secure, efficient than ever before, says CBUAE

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Sheikh Mansour makes first cross-border payment using digital currency

Sheikh Mansour made the payment while attending a celebration marking the CBUAE’s 50th Anniversary

UAE central bank joins Gulf Payments Company’s AFAQ

AFAQ offers the service of executing financial transactions in local currencies to customers across the region in real-time with lower fees.

UAE banks pledge AED 1 trillion in green finance at COP28

The country’s banking federation seeks to accelerate progress in this domain by fostering a business environment that encourages competitive, active and sustainable finance.

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

The UAE’s domestic card scheme is scheduled to launch in early 2024 and it will facilitate the growth of e-commerce and digital transactions.

CBUAE launches a Financial Infrastructure Transformation Programme to accelerate the digital transformation of the financial services sector

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman...

The Central Bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE

The Central Bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE, pursuant to Article 14 of the Federal...

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