by Jennifer George | October 14, 2024 | Central Banks, Cryptocurrencies, Currencies, Economy, News
On October 14, AED Stablecoin LLC secured in-principle approval from the Central Bank of the UAE to launch and establish its stable digital currency, AE Coin. Under the “Payment Token Services Regulation” (Circular No. 2/2024), issued on June 7, 2024, the Central Bank...
by Priyanka Sharma | October 8, 2024 | Breaking, Central Banks, Economy, Finance
The United Arab Emirates has approved its federal budget for 2025, its largest in history. The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the union general...
by Jibran Munaf | October 3, 2024 | Central Banks, Currencies
The Central Bank of Egypt (CBE) announced the issuance of treasury bills (T-bills) worth EGP 50 billion through two auctions held on Thursday, 3 October 2024. This move comes just ahead of the national holiday commemorating the 6th of October War Victory anniversary....
by Priyanka Sharma | September 24, 2024 | Banking, Banking Regulations, Central Banks, Currency Markets Analysis, Economy, politics, Trending Now
In a bid to revive its flagging economy, China’s central bank has unveiled a major package of measures including plans to lower borrowing costs and allow banks to increase their lending. People’s Bank of China (PBOC) Governor Pan Gongsheng announced the...
by Jennifer George | September 23, 2024 | Banking, Central Banks, Stocks & Bonds
The Central Bank of Egypt has decided to offer a stake in United Bank’s (UB) shares on the Egyptian Stock Exchange and is currently working on obtaining the required approvals related to the offering, including the approvals of the Financial Regulatory Authority and...
by Jennifer George | September 18, 2024 | Central Banks, News
The US Federal Reserve and Central Bank of the UAE (CBUAE) are expected to cut the cost of borrowing this week. The fall in interest rates will now make personal, auto, and mortgage loans more attractive to UAE residents. Given that the dirham is pegged to the dollar,...
