Thursday, November 14, 2024
Today's News
Thursday, November 14, 2024
Today's News

Tag: central bank

Real GDP growth projected to expand by 4.3% in 2024: UAE Central Bank

The Reserve bank of the United Arab Emirates has actually predicted the country's yearly genuine GDP development to expand by 4.3 percent in 2024. " After 3 quarters of high development, the UAE's economic climate maintained a strong footing in Q4 2022, mirroring a solid…
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UAE Central Bank announces launch of ‘The Digital Dirham’ strategy

The UAE digital currency is a safe form of electronic cash issued and also assured by the reserve bank The Central Bank of the UAE (CBUAE) will be executing its Central Bank Digital Currency (CBDC) method titled 'The Digital Dirham'. In a joint finalizing ceremony…
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Central Bank of Oman hosts capacity-building workshop

Muscat: Ability - Structure workshop, conducted at the Central Bank of Oman (CBO) started on Monday as well as is anticipated to continue till Tuesday, the 14th of February. The workshop, arranged by Islamic Financial Services Board (ISFB) focuses majorly on 3 locations: 1. Standards…
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Kuwait central bank expects little SVB impact on local lenders

The Kuwait Reserve bank towers are imagined over the typical Dhow harbor as transaction and also institutional lending for Gulf have actually frozen, complying with an outbreak of coronavirus illness (COVID-19), in Kuwait City, Kuwait March 18, 2020. Kuwait's reserve bank claimed on Sunday there…
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Saudi deposits $5 billion in Turkey’s central bank

Saudi Arabia claimed Monday it was transferring $5 billion in Turkey's reserve bank, a possibly major increase as the nation comes to grips with rising cost of living as well as damage from last month's earthquake in advance of governmental political elections. Ahmed Al Khateeb,…
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UAE Central Bank fines company $490,000 for violating anti-money laundering law

Financial entity condemned of repeated failings because of a weak conformity culture The UAE Reserve bank has enforced a penalty of Dh1.8 million ($490,129) and more stringent conformity requirements on a financing business for breaching the country's legislations on anti-money laundering as well as counter-terrorism…
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US Federal Reserve sticks to 0.25% in 2023’s first rate hike; UAE central bank matches it

US central bank raises by 0.25%, Gulf's customers, organizations have much more changes to do The US Federal Reserve has actually delivered its very first interest rate hike of 2023, and also as was extensively expected, limited the boost to 0.25 percent-- it's cheapest considering…
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Saudi Arabia’s central bank issues draft banking system for public consultation

Saudi Arabia's central bank is seeking the public's views on a series of economic system reforms, consisting of enabling establishments that approve credit history to be classified as 'banking companies'. The new structure being proposed would certainly additionally see the term apply to those outside…
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