EconomyTop StoriesUAE Central Bank revises inflation forecast downwards for 2024GBO CorrespondentJune 26, 2024 GBO CorrespondentJune 26, 2024 The non-tradable portion of the consumer basket is expected to be the...
EconomyTop StoriesHow much will UAE economy grow in 2024 & 2025? Country’s Central bank answersGBO CorrespondentApril 5, 2024April 4, 2024 GBO CorrespondentApril 5, 2024April 4, 2024 In terms of finances, the UAE demonstrated a strong fiscal balance during...
EconomyTop StoriesUAE holds interest rate steady as country set to double its growth in 2024GBO CorrespondentDecember 19, 2023December 15, 2023 GBO CorrespondentDecember 19, 2023December 15, 2023 The report noted that the UAE’s GDP already grew by 3.7% year-on-year...
EconomyTop StoriesDubai lowers debt by USD 7.8 billion after loan repaymentGBO CorrespondentOctober 3, 2023October 3, 2023 GBO CorrespondentOctober 3, 2023October 3, 2023 After the COVID-19 pandemic, Dubai outperformed other economies as it became a...
EconomyTop StoriesInflation impact: UAE shoppers decide to cut back on clothingGBO CorrespondentOctober 20, 2022October 19, 2022 GBO CorrespondentOctober 20, 2022October 19, 2022 The UAE central bank predicted 5.6% inflation in 2022, which would be...
CurrencyTop StoriesUAE Central Bank to launch its digital currency in five yearsGBO CorrespondentJuly 15, 2021July 26, 2021 GBO CorrespondentJuly 15, 2021July 26, 2021 The launch is a part of UAE’s monetary 2023-2026 strategy plan to...
Banking and FinanceCentral Bank of UAE hits $3.2 bn foreign reservesGBO CorrespondentMarch 23, 2021 GBO CorrespondentMarch 23, 2021 Statistics revealed that in 3 months, the Central Bank of UAE hit...
Top StoriesUAE urges banks to extend support to private sectorGBO CorrespondentApril 13, 2020 GBO CorrespondentApril 13, 2020 Previously, the central bank provided over Dh 61 billion in the form...
Top StoriesUAE central bank’s foreign assets reach Dh405.94 billion in February 2020GBO CorrespondentMarch 18, 2020 GBO CorrespondentMarch 18, 2020 The central bank's total foreign assets increased 13 percent compared to the...