by Vasu Jit Kalia | August 22, 2024 | Banking, Central Banks
The Central Bank of the UAE (CBUAE) has revoked the licence of Muthoot Exchange, an exchange house operating in the UAE, and struck its name off the Register, pursuant to Article 137 (1) of the Decretal Federal Law No. (14) of 2018 regarding the Central Bank and...
by Vasu Jit Kalia | August 20, 2024 | Banking, Central Banks
Global economy is going through a turmoil, and China is one of the leading economies any small change here has a global impact. As anticipated by the market had China had left lending rates unchanged at a monthly fixing on Tuesday in order to strengthen its economy....
by Vasu Jit Kalia | August 19, 2024 | Banking, Central Banks
Dubai Chambers has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB) – DIFC Branch to promote investment cooperation and strengthen joint efforts to support Chinese companies wishing to expand in the Dubai market. The MoU is aimed at...
by Jibran Munaf | August 11, 2024 | Banking, Central Banks, News
Credit facilities extended by UAE national banks to the business and industrial sectors amounted to AED 25.7 billion ($7 billion) during the first five months of 2024, according to the latest figures from the Central Bank of the United Arab Emirates (CBUAE). The apex...
by Vasu Jit Kalia | August 8, 2024 | Banking, Central Banks
India’s domestic economic activity continues to sustain its momentum on the strength of investment demand, steady urban consumption and rising rural consumption, RBI Governor Shaktikanta Das said on Thursday. Taking all the factors into consideration the country’s...
by Vasu Jit Kalia | August 6, 2024 | Banking, Central Banks
The value of gold reserves held by the Central Bank of the UAE (CBUAE) reached AED20.619 billion by the end of May 2024, marking a year-on-year (YoY) growth of 19.7 percent from AED17.219 billion in May 2023. The apex bank, in its Monthly Statistical Bulletin –...
