Friday, November 22, 2024

Central Bank

Central Bank bans insurance provider from issuing new policies due to violations

The Central Bank of the UAE (CBUAE) on Wednesday said it had prohibited a Takaful insurer from issuing or concluding new motor and health insurance contracts for violating the laws. The ban includes renewals as well, according to a statement...

Central Bank of UAE to Auction Treasury Bonds Worth AED 19.5 Billion

The Central Bank of the UAE (CBUAE) has announced an upcoming auction of Monetary Bills (M-Bills) scheduled for 19th August 2024. The auction will feature four separate issues of M-Bills Treasury bonds, with a total offering of up to AED...

UAE banks’ investments exceed 660 billion dirhams for the first time in its history

Data issued by the Central Bank showed that bank investments grew by 21.1% on an annual basis, reaching 664.4 billion dirhams in March 2024. Investments made Banks operating in the United Arab Emirates A new historical achievement by exceeding the...

The UAE Central Bank approves the (Digital Dirham) project

The Emirates Central Bank discussed the launch of the digital dirham project in the Emirates, in addition to strengthening the electronic payment structure with Jeon, providing instant payment solutions easily through the Annie platform, and discussing the open financing...

Saudi Arabia licenses 11 electronic money companies

The Central Bank of Saudi Arabia (SAMA) announced the launch of draft rules for opening electronic wallets to request public input male Central Bank of Saudi Arabia (SAMA)The number of electronic money companies licensed to provide electronic wallets in Saudi...

Central Bank of Saudi Arabia hosts a regional meeting to discuss reserves management

This meeting is considered a platform for exchanging knowledge and experiences between experts and specialists in the field of financial policies. Discussions during the meeting are expected to include in-depth analyzes of the current status of reserve management and...

Gold achieves new record high supported by central bank purchases

The European Central Bank is expected to keep interest rates unchanged, which may contribute to continued rise in gold prices. In anticipation of the release of important economic data and a decision on interest rates from the European Central Bank,...

Central Bank of Egypt issues regulations governing financing lease activity

The Central Bank of Egypt (CBE) has issued some regulations governing the financing provided by the banks to the financing lease firms, Al Mal News reported, citing the (CBE). As per the new regulations, the total direct and indirect credit...

Latest News

Dubai: RTA announces extended Metro timings on November 24

The Dubai Metro Red Line and Green Line will operate from 3.00am to 12am on Sunday, November 24, 2024,...

Eid Al Etihad: UAE private sector holidays announced

The Federal Authority for Government Human Resources announced that the 53rd UAE National Day holiday for employees of ministries and federal entities will be...

Today Gold Rate in Saudi Arabia – 22th Nov 2024

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 3,895.71 while 24k Per 10 Gram gold price is SAR 3,340.00. Usually...

Today Gold Rate in Qatar – 22th Nov 2024

Today Gold Rate in Qatar Today Per tola is QAR 3,802.40 while 24k Per 10 Gram gold price is QAR 3,260.00. Usually people opt...

Today Gold Rate in Oman – 22th Nov 2024

Today Gold Rate in Oman Today Per tola is OMR 397.74 while 24k Per 10 Gram gold price is OMR 341.00. Usually people opt...