Eid holidays, the Dubai 100, UAE petrol prices, Royal Baby named, Palm Jebel Ali investments and more top news stories this week
UAE dirham
Latest in UAE dirham
Abu Dhabi real estate
Eid Al Fitr in the UAE; Visa-free travel ideas; Dubai villa sales surge; Sheikh Mohammed reveals $65bn investment plan – 10 things you missed this week
UAE Eid Al Fitr dates and travel ideas. Dubai real estate analysis, Saudi sick leave warning and more top news stories this week
CBUAE
How to get ultra-rare new AED100 coin in the UAE
Central Bank of the UAE releases limited edition AED100 coin
bond issuance
Latest UAE central bank T-Bond issue oversubscribed close to 6 times, gets bids worth $2.3 billion
The overwhelming response to the bond issue is attributed to the attractive market driven prices – a spread of 8 basis points (bps) over US Treasuries for two years, and a spread of 20 bps over US Treasuries for five years
Auction
UAE receives bids worth $2 billion in third auction of Treasury bonds
The auction, which is part of the country’s T-Bond programme, witnessed Treasury bonds oversubscribed five times
dirhams to indian rupees
Indian rupee reaches 19.21 against the UAE dirham
Rupee slipped to lowest level since May 17 against the US dollar
currency peg
Strong dollar hurting UAE competitiveness, says Emirates NBD chief
Emirates NBD group CEO Shayne Nelson said that the UAE’s economy is out of sync with America’s
UAE Central Bank
UAE to reveal special coins, banknote for 47th National Day
Central Bank of the UAE to issue a commemorative silver coin, a commemorative AED1 coin and a special AED100 banknote
Counterfeit banknotes
New AED 100 banknote to enter circulation this week
The new note features a number of security features to combat against counterfeiters
currency crisis
Indian rupee falls to new low against dollar
India’s currency is expected to slide further down in Q4 2018, according to Promoth Manghat, group CEO and executive director of Finablr
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currency
Indian rupee falls to new low against UAE dirham
The rupee has been weakened due to concerns about the Turkish lira