Economy

 The Central Bank of the United Arab Emirates (CBUAE) said today that total bank deposits increased by 0.7%, rising from AED 1,915.1 billion at the end of July 2021 to AED 1,928.7 billion at the end of August 2021. In a statement today, the apex bank attributed the rise in …

The government of Dubai on Sunday announced a diversified portfolio of public-private joint projects worth AED 25 billion.“Dubai Government announces portfolio of public-private joint projects worth AED 25 billion during the 1st Dubai International PPP Conference organize by the Department of Finance under the umbrella of Expo 2020 Dubai,” the …

With sum of transactions was 1,959, the real estate and properties transactions valued at AED 7.1 billion in total during the week ending 07 October 2021, according to the weekly report issued by the Dubai Land Department (DLD) on Thursday. 158 plots were sold for AED 586.15 million, 1,307 apartments …

The Central Bank of the UAE (CBUAE) has imposed financial sanctions on six exchange houses operating in the UAE, pursuant to Article 14 of the Federal Decree Law No.20 of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT Law), the pertinent articles …

The Central Bank of the UAE (CBUAE) has announced the issuance of silver coins that feature Expo 2020’s official mascots, the second commemorative coin produced to mark this global event. The first gold and silver commemorative coins were issued on the occasion of the UAE hosting Expo 2020. The coins …

The Central Bank of the UAE (CBUAE) together with the Bank for International Settlements (BIS) Innovation Hub Centre in Honk Kong, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the People’s Bank of China have issued the first Multiple CBDC Bridge (mBridge) Project …

Dubai has recorded 1,835 real estate and properties transactions at the value of AED 6.8 billion in total during the week ending 23rd September 2021, according to Dubai Land Department (DLD). The DLD weekly report said 157 plots were sold for AED1.2 billion, 1,249 apartments and villas were sold for …

Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), has affirmed the bank’s assessment of financial stability in the UAE, and the CBUAE’s plans regarding the gradual withdrawal of its extraordinary support measures. This came during a meeting held recently with the Chief Executive Officers of selected …

Dubai’s real estate market recorded 266 sales transactions worth AED849.88 million and mortgage deals of AED335.02 million in addition to 21 gift transactions amounting to AED26.73 million Wednesday, data released by the emirate’s Land Department (DLD) showed. The sales covered 227 villas and apartments, and 39 land plots, while the …

Under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), the Central Bank announced that it will host the “Future of Finance” conference on 13th and 14th October …