Browsing: central bank

The Central Bank of the UAE (CBUAE) reported a record balance sheet of AED 789.82B by the end of April 2024, marking the first time it has reached this level. This represents a year-on-year increase of 25 percent from approximately AED 631.63B in April 2023, according to a report released by the CBUAE today.

The Central Bank of the United Arab Emirates (CBUAE) has adjusted its inflation forecast for 2024 due to lower-than-expected increases in commodity costs, incomes, and rents.

Saudi Arabia’s banking and finance sectors provided SR 275.576B ($73B) in facilities to SMEs over six years, with a growth of 154%, reaching SR 167.1B ($45B) by 2023, compared to SR 108.519B ($29B) in 2018. Annually, facilities extended increased by 20.3%, reaching SR 46.544B ($12B) by 2023, contrasting with SR 229.032B ($61B) by 2022.

Dubai woke up to stable gold prices on Wednesday morning, following a slight decrease of…

UAE banks’ investments exceeded the AED 650M mark by the end of February 2024, reaching their highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

The Indian rupee dropped to its lowest ever level early on Friday, as reports of Israeli strikes in Iran led investors to flee from risky assets and seek safer options.

Russia’s overseas debt fell by $12.8B, or 4.1%, to $304B in the first quarter of 2024, according to a statement on the Central Bank’s website.

The combined capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500B by the end of January 2024, as per the latest data released by the Central Bank of the UAE (CBUAE).

In a significant move, Japan’s central bank, headquartered in Tokyo, has altered its interest rates. The Bank of Japan, operating in the world’s fourth-largest economy, raised its interest rate on Tuesday for the first time in nearly two decades.

India’s reserve of foreign currency surged by $10.470B to reach $636.095B by the week ending on March 8, as per the most recent data disclosed by the Reserve Bank of India (RBI).