Central Bank of the UAE
UAE president replaces central bank governor
Veteran banker appointed shortly after central bank unveils large-scale emergency finance package
Central banks’ gold buying falls sharply in crisis
New Fed facility may further reduce incentives to buy gold, Hungarian official says
Central banks activate contingency plans amid Covid-19 pandemic
Rotating and remote team working aims to reduce contagion risk
UAE, Bahrain and Nambia team up to tackle money laundering
Common framework will help nations share and analyse AML/CFT data
UAE central bank launches fintech office
Central bank will look to establish a regulatory interface with the market as part of new fintech strategy and roadmap
Four Gulf states cut rates following Fed decision
Bahrain, Qatar, Saudi Arabia and UAE have currencies pegged to US dollar
UAE central bank hails new financial stability remit
Financial stability report notes NPL levels have risen, but banks are also making larger provisions
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model
UAE central bank and Sama partner for blockchain project
New system will provide central financial transfer system that aims to make the process of remittance payments more efficient
Central Bank of UAE enforces higher credit standards on cheque usage
Central bank has asked lenders to advise customers to use other methods of payment if possible
Basel III may be second-best outcome, admits Coen
Basel Committee secretary-general says framework could be strengthened; John Vickers renews calls for tougher capital standards
UAE central bank cuts cap on housing loans
Government carries out major increase in public spending
UAE government overhauls central bank law
Move is “significant step” to reinforce central bank’s independence, says governor
UAE plugs in to IMF’s enhanced data standards
IMF’s chief statistician hails the move as an “important step forward”
Saudi and UAE central banks freeze hundreds of bank accounts
Local sources say newly installed crown prince is moving against other senior royals
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong
Kuwait joins hikers club in wake of Fed rate rise
Kuwait look to strengthen currency after Fed rate rise; UAE and Saudi Arabia, which operate with dollar pegs, also move
More sharia-compliant instruments would aid liquidity management, IMF paper argues
Working paper focused on Gulf states notes a lack of instruments has forced Islamic banks to hold a lot of cash, while making it harder for central banks to conduct monetary operations
UAE governor replaced after 23 years in job
Sultan Bin Nasser Al-Suwaidi will be replaced as governor by Mubarak Rashid Al-Mansouri, who is currently CEO of the Emirates Investment Authority
UAE central bank to put Braille on banknotes
Emirati authority joins Hong Kong in using feature rejected by the Bank of England and Bank of Canada, on the basis that not all blind people read Braille
Emirates central bank monitoring property price growth
Central bank says financial system is 'resilient' but 'vulnerabilities exist' in annual financial stability report released this weekend
Central Bank of UAE opens first ever discount window
The Central Bank of the United Arab Emirates will introduce a standing liquidity facility next week, offering banks overnight loans at 100 basis points above official repo rate
Central Bank of UAE set to bolster ‘under-developed' local bond market
UAE has looked to economies with strong trade balances as role-models to help develop a domestic bond market; may issue government debt in the coming years
Bank of Lebanon signs memorandum of understanding with Dubai FSA
Agreement aimed at improving information sharing on financial stability issues was signed by regulators in Dubai earlier this week