Monday 07, April 2008 by

UAE: Interest rates down, money supply up

UAE’s currency continues to remain pegged to the US dollar. The Central Bank (CBUAE) manages money supply growth by aligning interest rates with that in the US, and by issuing certificates of deposit (CDs) to commercial banks in addition to other tools.

Features & Analyses

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more