UAE plans to update its CPI to reflect price trends more accurately could make for pretty gruesome reading for the masses.
Andrew White, Monday, 03 March 2008, ArabianBusiness/Comment
Investors bet on central banks revaluing currencies against dollar.
Gov't should reconsider peg in light of long-term growth prospects in region, chief executive says.
UPDATE: Gang of fraudsters hack ATM in UAE, stealing card details and pin numbers.
Why the financial sector in the region needs a more mature approach to security incidents following the recent ATM card fraud.
Mark Sutton, Tuesday, 04 March 2008, ArabianBusiness/Comment
Lenders can borrow up to $200mn per day against certificates of deposit, central bank says.
Central bank sets up currency committee to report on possible depegging or revaluation of dirham.
Saudi, Bahrain and UAE follow US and lower rates, Kuwait leaves benchmark rate unchanged.
Central bank governor rules out monetary policy shift following another round of US rate cuts.
Chairman of the Gulf's biggest bank urges central banks to act to tackle record inflation.
Sean Cronin, Monday, 24 March 2008, ArabianBusiness/News
Supply growth surges at second-fastest pace in five years, up more than a third at end of December.
Any change must happen at GCC level, Central Bank Governor Al-Suweidi says.
Governor Al-Suweidi says gov't must rein in spending to control record inflation in the Emirates.
Lower inflation to also ease pressure to revalue dollar-pegged currency, UAE central bank governor says.
Ola Galal, Wednesday, 02 April 2008, ArabianBusiness/News
Bankers also expected to discuss how to control record inflation at bi-annual meeting.
Central bank governor says no plans to drop or revalue its currency peg to dollar.
Stanley Carvalho, Monday, 07 April 2008, ArabianBusiness/News
Emirates plans to to establish higher Sharia Council to supervise industry, replacing 1985 federal law.
Talal Malik, Wednesday, 09 April 2008, ArabianBusiness/News
Central bank lowers rates as the US Federal Reserve cuts again, mounting persistent inflation pressure.
Islamic home finance provider Amlak has reapplied for a banking licence to the UAE Central Bank.
ArabianBusiness.com staff writer , Monday, 02 June 2008, ArabianBusiness/News
Finalising a regulatory framework early on may be best, but could increase financial institutions' time to market.
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