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Central Bank of UAE. 3rd Board Meeting of 2017
04/05/2017 22:40

Central Bank of UAE. 3rd Board Meeting of 2017

The Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2017 at 9:30 am on Tuesday, 2nd May 2017, at the Central Bank – Abu Dhabi, under the chairmanship of H.E. Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting was attended by H.E. Khalid Juma Al Majid, Deputy Chairman, H.E. Mubarak Rashed Al Mansoori, the Governor, and Board members; Their Excellencies Younis Haji Al Khoori, Khalid Ahmad Al Tayer, Hamad Mubarak Buamim, as well as by Their Excellencies Mohamad Ali Bin Zayed Al Falasi, Deputy Governor, Saif Hadef Al Shamsi, Assistant Governor and a group of senior Central Bank staff.

The Board also reviewed Central Bank’s Q1 Report for the year 2017, presented by the Research & Statistics Department. The report covered international economic developments, domestic economic developments, financial stabilityindicators, banking liquidity, and monetary reserves management.

The board instructed publication of the report on the Central Bank’s Website.

The Board also reviewed a report on the latest updates regarding the transformation program in the Central Bank.

The Board then reviewed the Monetary Operations & Reserves Management Department’s reports, which include the macroprudential ratios of the banking sector, and liquidity indicators in the banking sector. The Board also discussed
draft of the delegation of authorities’ matrix for the Banking Supervision dep., and the Monetary & Reserve Management dep., and took necessary decisions I respect thereof. The Board also reviewed applications submitted by banks & other financial institutions operating in the UAE. The Board approved the applications that fulfilled the conditions as per applicable law and regulations for each individual activity.

The Board also reviewed two issues submitted by Banking Supervision Department regarding:

- Properties held by banks in settlement of debt and were not disposed of within the allowed grace period.

- Emiratization ratios at banks and the points system (Emiratization strategy at banks)

The Board took necessary decision in this regard.

The Board completed the discussion of the remaining topics listed on its agenda, as well as other topics, and took appropriate decisions in this regard.

Latest
AED Converter
08:40 19/03 Buy Sell
AED / USD 3.66 3.685
AED / EUR 802 802
AED / CNY 0.536277 0.560902
dollars
dollars
Gold Rates
08:40 19/03
AED
24K Gold
158.50
+1.25
22K Gold
148.75
+1.00
21K Gold
142.00
+1.00
18K Gold
121.75
+0.75
AED Rates
08:40 19/03
AED/USD
3.672500
+0.00%
AED/EUR
4.165933
+0.09%
AED/GBP
4.872884
-0.05%
AED/CNY
0.546807
-0.04%
AED/BHD
9.767287
+0.00%
AED/INR
0.053603
+0.21%
AED/IDR
0.000258
+0.00%
AED/IRR
0.000087
+0.00%
AED/JPY
0.033005
+0.26%
AED/KWD
12.099949
+0.10%
AED/OMR
9.551365
+0.00%
AED/PKR
0.026213
-0.03%
AED/QAR
1.008929
+0.00%
AED/RUR
0.057006
+0.47%
AED/SAR
0.979333
+0.00%
AED/SGD
2.719150
+0.09%
AED/CHF
3.669687
+0.12%
AED/TRY
0.671358
-0.25%
Forex
08:40 19/03
EUR/USD
1.1347
+0.13%
GBP/USD
1.328
+0.05%
USD/JPY
111.21
-0.30%
EUR/GBP
0.8542
+0.12%
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$ / bbl
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67.63
+0.70%
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59.07
+1.16%
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$ / t. oz.
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1307.40
+0.39%
Silver
15.40
+0.72%
Platinum
837.60
+0.73%
LME / 3M
08:40 19/03
$ / t.
Aluminium
1892.00
-0.32%
Copper
6400.50
+0.16%
Nickel
12960.00
-0.35%
Tin
21210.00
+0.05%
Lead
2076.00
-2.14%
Zinc
2793.00
-1.27%
Molybdenum
26000.00
+0.00%
Cobalt
30000.00
-3.23%
World Stocks
08:40 19/03
points
Dow Jones
25914.10
+0.25%
S&P 500
2832.94
+0.37%
NASDAQ
7714.48
+0.34%
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7299.19
+0.98%
CAC 40
5412.83
+0.14%
DAX
11657.06
-0.25%
RTSI
1196.75
+0.00%
Gulf Stocks
17:30 18/03
points
DFM General
2619.00
+1.75%
ADX General
5066.00
+1.38%
BB All Share
1413.32
+0.30%
Kuwait SE Price
55.00
+0.00%
Tadawul
8604.00
+0.50%
QE Index
9972.00
+1.60%
MSM 30
4128.00
+1.33%
Asian Stocks
17:30 18/03
points
Nikkei
21584.50
+0.62%
Topix
1613.68
+0.69%
Hang Seng
29409.01
+1.37%
SSEC
3096.42
+2.47%