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UAE FX forwards near 15-month lowExpensive dollar funding kept United Arab Emirates one-year currency forwards near a 15-month low on Thursday, implying a stronger currency, while UAE interbank benchmark rates stayed at seven-year lows. One-year dirham forwards were quote More… |
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UAE interbank offered rates at new 7-year lowInterbank offered rates in the UAE continued their slide to a fresh seven-year low on Sunday, as liquidity in the Opec member's banking sector stayed high, also dragging one-year dirham forwards lower. Bank deposits had risen to their high More… |
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UAE cbank sees fall in interbank ratesThe UAE's central bank expects interbank offered rates to fall further and plans to introduce a repurchase facility for Islamic lenders in the coming months, its treasury head said. The central bank has been urging banks to quote lower rat More… |
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UAE seeks to cut interbank ratesThe UAE's central bank will keep looking at how to reduce the emirate's interbank offered rates and plans to meet commercial banks on a regular basis, bankers said. The central bank said last month that EIBOR rates, based on quotes More… |
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UAE interbank rates ease after DW statementUAE's interbank offered rates fell on Tuesday in the wake of a statement from debt-ridden Dubai World, which eased contagion fears, and more comments from government officials. The three-month rate fell to 1.90500 per cent on Tuesday&# More… |
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UAE's interbank rates rise slightly: cbankUAE’s interbank offered rates rose slightly on Monday in their first change after Dubai's government announcement of a debt standstill for its key companies, the central bank data showed. The three-month rate increased to 1.94125 per c More… |
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UAE interbank rates slip, more steps urgedUAE interbank rates are likely to extend falls after the central bank mulled a new mechanism last week, but more measures will be needed to boost lending and revive the economy, bankers said on Wednesday. Rates have fallen about 15 basis p More… |
