How the CBUAE base rate increase affects UAE mortgages, loans and savings
The CBUAE base rate increase takes the UAE base rate to 3.9%, a quarter-point step up from 3.65% that landed on Thursday, September 17. It applies to the Overnight Deposit Facility, the tool the Central Bank uses to set a floor for short-term money in the country. The Central Bank also kept the cost of […]
CBUAE’s Financial Stability Report shows UAE bank assets up 17.1% in 2025
CBUAE’s Financial Stability Report puts numbers behind something many people in the UAE already sense: that banks are lending more freely than they did a few years ago. UAE banking sector assets grew 17.1 percent in 2025 to AED5.3 trillion, worth roughly $1.44 trillion. Loans rose faster still, up 17.8 percent. Most of that credit […]
Jaywan, the UAE’s first domestic card scheme, gains Mastercard credit card
Jaywan, the UAE’s first domestic card scheme, will carry a Mastercard badge on a new credit card under a partnership announced by Al Etihad Payments. AEP owns and operates the country’s national card switch and the Jaywan scheme, and it is a wholly owned unit of the Central Bank of the UAE. Both sides describe […]
Central Bank of UAE develops e-KYC platform
ABU DHABI, 15th April, 2026 (WAM) — The Central Bank of the UAE (CBUAE) announced the development of the nationwide unified Know Your Customer (eKYC) platform, following the signing of a technical partnership agreement with the global technology company Norbloc AB. This strategic initiative constitutes a core pillar of the Financial Infrastructure Transformation (FIT) Programme, […]
