Main refinancing rate rises to 1.25%, their highest level since 2011
Main refinancing rate rises to 1.25%, their highest level since 2011
Aimed at promoting the growth of global trade with emphasis on exports from the country
Licensed financial institutions advised on risks related to payments
The UAE Central Bank increased the base rate of its overnight deposit facility by 75 basis points
Increase shows deep signs of economic slowdown
Investors in the Emirates will use their local bank account to conduct their business
Offer is available to both residents and non-residents
Gulf banks have remained stable despite disruptions, says global rating agency
The minister was responding to a question raised by Hamad Ahmed Al Rahoumi, a member representing Dubai
It failed to submit its audited financial statements