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UAE central bank

UAE’s central bank pilots central bank digital currencies transactions

DUBAI: The Central Bank of the United Arab Emirates (CBUAE) said on Wednesday it has completed the world’s largest...

Published 26 Oct, 2022 07:26pm

Markets

UAE December CPI up 2.5% year-on-year

DUBAI: United Arab Emirates' (UAE) consumer price index (CPI) rose 2.5% in December from a year earlier, fueled by...

Published 02 Feb, 2022 11:21am

Markets

UAE central bank to increase oversight of banks' real estate exposure

DUBAI: The Central Bank of the United Arab Emirates said on Monday it would use new criteria to supervise banks'...

Published 20 Dec, 2021 11:37am

World

UAE set for gradual recovery, but COVID-19 risks cloud outlook, IMF says

"A gradual recovery is expected in 2021, supported by the UAE's early and strong health response, continued supportive macroeconomic policies, and rebound in tourism and domestic activity related to the delayed Expo 2020, set to begin in October," IMF says

Updated 30 Sep, 2021 07:21pm

Business & Finance

UAE central bank approves Wizz Financial's acquisition of UAE Exchange

DUBAI: Financial technology firm Wizz Financial said on Thursday the United Arab Emirates central bank had approved...

Published 27 Sep, 2021 05:51am

Markets

Abu Dhabi leads major Gulf bourses higher; Egypt falls

DUBAI: Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index...

Published 17 Sep, 2021 03:52am

Business & Finance

UAE central bank working to replace interbank rates

DUBAI: The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources...

Published 17 Sep, 2021 03:52am

Business & Finance

UAE central bank issues new anti-money laundering guidance for banks

DUBAI: The United Arab Emirates central bank has issued new guidelines to financial institutions on anti-money...

Updated 13 Sep, 2021 06:12pm

Business & Finance

Dubai house prices to rise modestly, stay affordable in coming years

The economy has bounced back sharply from the pandemic in the city-state following a successful vaccination drive, and that has spilled into the real estate market

Published 23 Aug, 2021 11:39am

Markets

Dubai bourse gains, major Gulf markets fall

• UAE central bank raises benchmark interest rate • Investor sells $300m worth of shares in ADCB • Saudi...

Published 18 Jun, 2021 04:16am

Business & Finance

UAE economy to grow 2.5pc in 2021 after shrinking 5.8pc last year

DUBAI: The United Arab Emirates economy contracted 5.8% last year but is likely to post 2.5% growth this year, the...

Published 31 Mar, 2021 05:42am

Business & Finance

UAE economy to grow 2.5pc in 2021 after shrinking 5.8pc last year

The coronavirus crisis hit the Gulf state hard last year, both via the shock of low oil prices and the huge toll it took on vital non-oil economic sectors such as tourism.
Non-oil GDP is likely to grow 3.6% this year, however, while oil GDP is likely to remain flat because of production cuts agreed by OPEC and its allies, the central bank said.

Published 18 Mar, 2021 06:57pm

Business & Finance

Liquidity of UAE banking system back to pre-COVID-19 levels: central bank

Banks' drawdown of a zero-cost liquidity facility under the TESS scheme stood at 22 billion dirhams ($5.99 billion) this month, down from a peak of 44 billion dirhams in the second quarter of last year, the central bank said.
The introduction of the stimulus package came at a critical juncture and ensured that banks were able to mitigate funding and liquidity pressures and maintain their lending capacity.

Updated 15 Mar, 2021 09:28pm

Business & Finance

Dubai property prices down 0.9pc in third quarter

The coronavirus pandemic has increased pressure on Dubai's property market, which for years has seen supply outstrip demand for new houses and apartments.
Citing data from the Dubai Land Department, the central bank said rents in Dubai fell 6.9% year on year in the third quarter.

Published 22 Dec, 2020 06:33pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	155.66
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
Nasdaq / Jan 21	19,756.78
Dow Jones / Jan 21	44,025.81
India Sensex / Jan 22	76,197.90
Tokyo Nikkei / Jan 22	39,646.25
Hang Seng / Jan 22	19,778.77
FTSE 100 / Jan 22	8,579.82
Germany DAX 30 / Jan 22	21,258.81

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Petrol/Litre / Jan 22	256.13
Crude Oil USD/Barrel / Jan 22	75.52
Gold Spot USD/Ounce / Jan 22	2,751.94
Diesel/Litre / Jan 22	260.95

Gainers
Losers
Leaders

Stock	Price
Apna Microfin. / Jan 22 Apna Microfinance Bank Limited(AMBL)	10.49 ▲ 0.96 (10.07%)
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	24.29 ▲ 2.21 (10.01%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	15.51 ▲ 1.41 (10.00%)
Crescent Cotton / Jan 22 Crescent Cotton Mills Limited(CCM)	54.45 ▲ 4.95 (10.00%)
Fecto Cement / Jan 22 Fecto Cement Limited(FECTC)	116.40 ▲ 10.58 (10.00%)
Fateh Sports / Jan 22 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10.00%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738.34 ▲ 67.12 (10.00%)
Flying Cement / Jan 22 Flying Cement Company Limited(FLYNG)	27.54 ▲ 2.50 (9.98%)

Stock	Price
Mari Energies / Jan 22 Mari Energies Limited(MARI)	593.58 ▼ -65.95 (-10.00%)
TPL Life Insur. / Jan 22 TPL Life Insurance Limited(TPLL)	51 ▼ -5.50 (-9.73%)
Masood Textile / Jan 22 Masood Textile Mills Limited(MSOT)	49.05 ▼ -5.27 (-9.70%)
Dewan Textile / Jan 22 Dewan Textile Mills Limited(DWTM)	7.30 ▼ -0.76 (-9.43%)
Dewan Motors / Jan 22 Dewan Farooque Motors Limited(DFML)	41.90 ▼ -3.82 (-8.36%)
Ellcot Spinning / Jan 22 Ellcot Spinning Mills Limited(ELSM)	110 ▼ -10.00 (-8.33%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340.03 ▼ -29.87 (-8.08%)
Liven Pharma / Jan 22 Liven Pharma Limited(LIVEN)	135.20 ▼ -11.76 (-8.00%)
Karam Ceramics / Jan 22 Karam Ceramics Limited(KCL)	56.98 ▼ -4.92 (-7.95%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▲ 0.14
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	73,968,601 ▲ 2.25
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▼ -0.01
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	65,113,107 ▼ -0.04
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 1.64
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▼ -0.28
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 0.94
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▲ 0.08
Fauji Foods Ltd / Jan 22 Fauji Foods Limited(FFL)	15,553,061 ▼ -0.51

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