New five and ten dirham polymer banknotes

ABU DHABI 22 April 2022: The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. […]

UAE inflation rate was at 2.5% in 2021

ABU DHABI 7 February 2022: Statistics from the Federal Competitiveness and Statistics Centre revealed that the Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts […]

Hawala Money Laundering: Six fined Dh350,000

ABU DHABI 16 December 2021: The Central Bank of the UAE (CBUAE) imposed financial sanctions totalling Dh350,000 on six Hawala providers operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. […]

Overseas Pakistanis send record $29.4 billion home

ISLAMABAD 16 July 2021: The overseas Pakistani workers’ remittances posted a historic annual high of US$29.4 billion during the year 2020-21 (Jul-Jun), showing an increase of 27 percent when compared with the preceding years’ remittances […]

50% UAE residents stopped or cut savings

DUBAI 17 December 2020: New research* from Quilter, the wealth manager, reveals that the Covid-19 pandemic has caused more than half of people in the UAE to reduce how much money they save or stop […]

Abu Dhabi issues US$7 billion in multi-tranche bonds

ABU DHABI 20 April 2020: The Emirate of Abu Dhabi on 8th April 2020 priced a US$7 billion multi-tranche international bond offering, which attracted strong interest from international investors. The transaction comprised of three tranches: […]

New employee workplace savings plan unveiled

DUBAI 22 January 2020: The Dubai International Financial Centre (DIFC), yesterday announced the final details ahead of the launch of its new DIFC Employee Workplace Savings Plan (DEWS), that will secure the financial future of […]

Abu Dhabi aims to become ‘Green Bond’ hub

ABU DHABI 18 January 2020: The Abu Dhabi Department of Energy (DoE), has announced a new Green Bond Accelerator initiative. The Green Bond Programme is a joint initiative between DoE, Abu Dhabi Global Market (ADGM) […]

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Dubai Gazette