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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 / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Cotton US¢/pound / May 1	78.01
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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