MORE FROM Banking in UAE

UAE, Saudi Central Banks raise interest rate by 75 basis points

Decision comes after Fed increased key US interest rate again

Dh9 billion profit in 9 months: Dubai's Emirates NBD bank reports 51% rise in net profit

Net interest income surged 37 per cent on an 'improved loan & deposit mix' due to higher interest 'feeding through to margins' and 'strong new lending growth'

UAE gross banks' assets up 0.9% to over Dh3.5 trillion by end of August 2022

The total bank deposits increased by 1.6%, climbing from Dh2,132.9 billion at the end of July 2022 to Dh2,166.6 billion at the end of August 2022

Mexico announces another big inflation-fighting rate hike

Governing board decides to raise interbank rate by 75 basis points

UAB banks on positive economic sentiments in UAE

Shirish Bhide, chief executive officer of UAB, attributes strong growth in first-half profits to the UAE government’s policies to contain the Covid-19 pandemic and Central Bank's targeted economic support scheme to boost liquidity in banking sector

Rupee, peso to depreciate further; here’s how UAE expats can benefit

A number of residents say they are able to save big on their EMIs for properties and investments back home

UAE: How much interest you will pay for a Dh100,000 loan after latest rate hike

Total monthly EMIs unlikely to rise by too much, says expert

After US and UAE, Gulf central banks hike interest rates

Saudi Arabia, Kuwait, Qatar, and Bahrain raise rate by three-quarters of a percentage point

UAE Central Bank raises the base rate by 75 basis points

Decision comes after Fed increased key US interest rate again