Central Bank of The UAE may take the appropriate measures to protect website against any loss, abuse or change of information available on the website on the condition that Central Bank of The UAE shall not guarantee to maintain confidentiality of the website contents. Your details will be held in confidence to the fullest extent practical or allowed by law. The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline of 5.2 percent, the central bank said in its quarterly review on Tuesday. DUBAI: Dubai property prices fell 0.9% year on year in the third quarter after they were little changed in the previous quarter, a UAE central bank report said. E-mails or letters are sent proposing various schemes such as offering loans, investment opportunities or participation in financial transactions, and / or requiring an advance payment in connection with a transaction supposedly to be made through the CBUAE. Economic growth in the United Arab Emirates (UAE) is expected to accelerate to 3.5 percent in 2019, helped by strong non-oil activity, the central bank said in its quarterly report. Quarterly Review of the Central Bank of the UAE, UAE Monetary, Banking & Financial Markets Developments, Main Highlights of the UAE Banking Indicators. Furthermore, the Central bank is not responsible for the accuracy, reliability, or otherwise, of information obtained from, reported, or prepared by external entities. Sending unwanted electronic messages to the Website including commercials and/or advertisements on services or products, falsifying and dispatch control protocol package address/internet protocol or any part of the address details in any electronic messages or sending news messages. During the period between September 2019 and September 2020, the total assets of banks operating in the UAE increased by 7.6 pct (y-o-y). Within the UAE. Tomorrow is different. The KYC platform will be launched in the first quarter of 2020. Outside the UAE +971 4 503 9000. Nevertheless, uploading any pages within separate frameworks on another website is not permitted. This website and those in charge of the same shall follow comprehensive and strict information security policy. OPEN DOWNLOAD. 2.5 Any unauthorized use, reproduction or printing of the information, materials and proprietary rights contained in this Website is strictly prohibited. Neither the Central Bank nor any person acting on its behalf may be held responsible with respect to any direct (or indirect) loss that may arise from the use of, or reliance on the published materials. The CBUAE cannot and will not honor any commitments or promises made by fake employees, imposters or unauthorized individuals. The coronavirus pandemic has increased pressure on Dubai's property market, which for years has seen supply outstrip demand for new houses and apartments. 6.1 The CBUAE reserves the right to make changes to the Terms and Conditions, this Website and its contents without prior notice. The information provided is a compilation of internally developed data, and may also contain data obtained from publicly available sources or external entities. Reports: Kuwait and the UAE in economic pain amid pandemic. All our emails use our email address: @ cbuae.gov.ae and we do not use any other variations (for e.g. Our quarterly reports discuss monetary and banking activities, credit sentiment, financial soundness indicators, as well as developments in the UAE financial markets each quarter. CBUAE said in its quarterly economic review for Q3 that average property prices dropped by 0.9 percent year-on-year, citing data from Dubai Land Department. In the case the information is obtained from outside sources, whilst all due care has been taken in compiling this [publication/report], the Central Bank accepts no responsibility for, and gives no guarantees concerning the accuracy, comprehensiveness, fitness-for-purpose, reliability, or otherwise, of the information provided. Central Bank of The UAE shall reserve the right to make any minor or major change of privacy policy Terms and Conditions from time to time without any prior notice. You are browsing the website using an unsupported browser! 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. 4.1 To meet the user needs, links for other websites have been listed on this Website. Request a callback. Gross domestic product in the Arab world’s second-largest economy is estimated to shrink about 6% in 2020, compared with a previous forecast for … 6.2 The Terms and Conditions and any obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of the UAE. First Abu Dhabi Bank PJSC, or FAB, the UAE's biggest bank and the Middle East and Africa's second-largest bank by assets, reported a 19.3% year-over-year drop in quarterly profit to 2.51 billion dirhams, … In addition, it shall not be also legally liable for any damage that may be caused to you or any person as a result of violation of privacy regarding information that might be transferred to the website. Fraud and corruption can be averted and reputations protected if timely information is received and acted upon. We urge you to make sure that all communications are legitimate and NOT to send money to any unauthorized individuals or institutions. The CBUAE is aware that its name and that the names of some of its employees are sometimes used to progress different forms of fraud, perpetrated against third parties. The CBUAE requests you to be alert and always confirm the authenticity of any emails or documents you receive that purport to be from the CBUAE. 1.3 Violating rules of usage, system or network shall expose the involved person to civil and criminal liability. If you do that, we shall use such details only to process your application for obtaining information or services. The UAE economy grew by 2.9 per cent in 2019 as compared to 1.7 per cent in the previous year, mainly driven by growth in the oil sector, the Central Bank said in its fourth-quarter report. In the full … 6.3 Any dispute arising out of or in connection with the Terms and Conditions shall be subject to the jurisdiction of the competent courts in the UAE. 1.1 Users shall not violate or attempt to violate the applicable procedures and regulations for protecting the Website including but not limited to the following: 1.2 Users who violate the rules of usage, or where there are reasons to believe that they have violated or breached such rules, may be stopped and /or prevented from using the Website. Find ATM/Branch. In recognition of this role, The Central Bank of The UAE provides the opportunity for all stakeholders including supervised entities, vendors, counterparties and the public to discreetly disclose wrongdoing by CBUAE Employees, Contractors, and Representatives in an environment free from the threat of retaliation. Some of these scams are attempts at identity theft, including fraudulent emails, faxes, including copies of our website. The UAE is likely to see a V-shaped recovery this year, as the economy emerges from the impact of the COVID-19 pandemic, according to a report issued by First Abu Dhabi Bank (FAB) on Tuesday.. Meanwhile, the UAE's Central Bank reported the country saw a “significant decline in economic activity” as a result of its COVID-19 lockdown, one of the strictest in the world. For reprint rights: Inciting hatred against a certain community, The Economic Times Digital Payments Forum, Initiatives by these companies to recycle the E-waste, Square Yards to conduct roadshow in Mumbai for Emaar’s Dubai properties, Dubai property show to have large Indian participation, Indians biggest first-time buyers of Dubai property in 2011, Dubai property boom gets hit by financial crisis. Terms and conditions of privacy policy below shall be an integral part of conditions for using the website including its title and terms. Residential real estate prices in Dubai continued to fall but at a slower pace during the third quarter of 2020 as a result of oversupply and subdued demand, according to the UAE's Central Bank. Let's reshape it today, Hunt for the brightest engineers in India. The CBUAE never sends emails from Gmail, Yahoo, Hotmail or other public email accounts such as live.com. Meanwhile, rents in Dubai continued to decline, decreasing by 6.9 per cent Y-o-Y in the third quarter. Accessing details that are not intended to be provided to this user or logging into a server or an account that the user is not authorized to access. Choose your reason below and click on the Report button. Pages of this Website shall be uploaded within the full window of the user or as a new one. OPEN DOWNLOAD. ... IMF Report on the UAE 03-02-2010. Whistleblowing plays a critical role in keeping our Institution honest, efficient and responsible. Attempting to interfere in the provided service on the part of any user, host or network including but not limited to placing a virus on the Website, increasing load to or immersing it, sending commercial messages to it or avalanching it with electronic messages or even destroying it. Moreover, RAD conducts high quality research to support informed policy decisions. 600544440. ... tourism and transportation hub,” the bank’s quarterly review said. 2.2 Unless otherwise stated, the Central Bank of the UAE owns the copyright and any other intellectual property rights in all material on this Website including text, … Residential property prices in Dubai declined by 0.9% on an average in the third quarter of 2020, while the rents fell by 6.9% for the same period. Telephone Banking. Every effort is made to acknowledge third party copyright in published materials and no infringement is intended. Central Bank of the United Arab Emirates would put in circulation an amended 50 Dirhams currency note, reprinted with new security feature ... Statistics of the UAE SWITCH for the 1st quarter of 2011 14-04-2011. The economy is expected to grow 2.5% in 2021. 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. Central Bank of The UAE shall not be held liable for any loss or damages arising from the use of, or inability to use this Website. Attempting to conduct any test or survey for finding weakness of any system or network of Central Bank of The UAE or violating applicable procedures or documenting them without an official permit from Central Bank of The UAE. Dubai property prices down 0.9% in third quarter: central bank. It also reviewed the following reports: Internal audit department's quarterly report (June 2015); external auditor's report on the Central Bank's financial statements as at June 30, 2015. By Staff Writer, TradeArabia Residential property prices in Dubai declined on average by 0.9 per cent year-on-year (Y-o-Y) in the third quarter of 2020, the UAE Central Bank said in its quaterly report citing data from the Dubai Land Department. 2.1 These Intellectual Property terms form part of the Central Bank of the UAE website general Terms and Conditions. If you want to notify us of incidents, provide tips relating to fraud, ethical violations, noncompliance with the applicable laws and regulations by CBUAE Employees, Contractors, and Representatives or have any questions about these matters you may choose to do so via email to Compliance@cbuae.gov.ae. 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. 2.3 You may download or print information and material from this Website for personal use, use within an organization or non-commercial use. 2.4 You must not use the name or logo of the Central Bank of the UAE in any advertisement or public announcement or any form of documents or records or communication (whether verbal or written or electronic or otherwise) without the Central Bank’s prior written consent. If you would like to continue using our website after making such changes to such privacy policy, this means that you accept them. Central Bank of The UAE shall not be liable for any contents provided on these websites, their improper usage on the part of any person or proper function or any problems arising due to their usage. These Terms and Conditions apply to all visitors and users of the Central Bank of the UAE website (the "Website"). 5.1 This privacy policy forms part of the Central Bank of the UAE website general Terms and Conditions. 2.1 These Intellectual Property terms form part of the Central Bank of the UAE website general Terms and Conditions. Meanwhile, the UAE's Central Bank reported the country saw a “significant decline in economic activity” as a result of its COVID-19 lockdown, one of the strictest in the world. Dubai ruler hails 'stellar success' of UAE economy in overcoming challenges of 2020 Users should seek professional advice before relying on any information contained in this [publication/report]. The Central Bank of the UAE (CBUAE) advises caution against responding to fraudulent e-mails and internet postings purporting to be legitimate CBUAE communications and postings. In Person at our HQ offices – CBUAE Compliance Unit, In writing to Compliance Unit/ CBUAE PO Box 854, Abu Dhabi, UAE. UAE central bank hails new financial stability remit Financial stability report notes NPL levels have risen, but banks are also making larger provisions 17 Jul 2019 Use Our Mobile App. The Board also reviewed a report regarding the development of the national payment systems strategy in the UAE as well as the central bank’s first quarter report for 2018. Moreover, the authorized staff may only access the personal identity information, where such staff pledged to maintain confidentiality of the information provided. The Central Bank’s copyright symbol (© Central Bank of the UAE) must appear on any material reproduced, saved, printed or otherwise distributed from this Website. 4.2 It shall be permitted to have direct link with all pages hosted on this Website. Online banking. Moreover, the authorized staff may only access the personal identity information, where such staff pledged to maintain confidentiality of the information provided. This material is intended for information purposes only. Please notify us if the fraud involves a misuse of the CBUAE’s name or logo, or the name of any CBUAE employee, or a fake email address or emails purporting to be from the CBUAE. If you do that, we shall use such details only to process your application for obtaining information or services. UAE’s economy projected to shrink 6% amid oil slump, COVID-19 The UAE’s GDP is estimated to shrink more than previously projected in 2020, the central bank said in its quarterly … The CBUAE is not a retail bank and we do not carry out transactions or hold funds for members of the public. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. We do not contact individuals through, Facebook, Twitter, and other social media. Dubai: The UAE economy is expected to suffer a deeper contraction this year than originally estimated, with the Central Bank of UAE projecting a -5.2 per cent GDP growth for 2020. This [report/publication] has been prepared and published by the Research and Statistics Department (RSD) at the Central Bank of the UAE. Login. If you have been informed via email, social media, telephone or post that you have a claim on or have funds held at the CBUAE or you have received any documents or details of investment opportunities that appear to come from the CBUAE, it is likely to be fraudulent. Your Reason has been Reported to the admin. Within the UAE. Residential property prices and rents in Dubai declined in the third quarter of 2020, over the same period a year ago, a quarterly report of the UAE central bank said. 5.2 The Website title shall not collect personal information about you when accessing the Website unless you choose specifically and willingly to provide such information to us. The United Arab Emirates expects its economy to grow 2.4% in 2019, driven by faster growth in the oil sector, the central bank said in a report on Sunday. The Central Bank of the UAE, in its second-quarter report on the economy, had recently said the non-oil economy was projected to contract 4.5 per cent for 2020 as a whole due to the Covid-19 pandemic. DUBAI (Reuters) - Dubai property prices fell 0.9% year on year in the third quarter after they were little changed in the previous quarter, a UAE central bank report said. Download The Economic Times News App to get Daily Market Updates & Live Business News. More from the report: Non-oil GDP shrank an estimated 9.3% in the second quarter, compared with a 2.7% drop in the previous quarter. Receive alerts when new updates are published, This site is best viewed in Screen Resolution 1440 x 900, Copyright © United Arab Emirates Central Bank, All rights reserved, Foreign Account Tax Compliance Act (FATCA), Payment Purpose Codes and Explanatory Notes, CBUAE Register and Licensed Banks and Other Financial Institutions Ownership, Licensed Banks and Other Financial Institutions’ Ownership. If you want to notify us of incidents or provide tips or have any questions about these matters you may choose to submit this confidential message by an email to. These troubles were reflected in banks' third-quarter earnings. The Central Bank of the United Arab Emirates (Arabic: ... RAD’s core activities include publishing high quality reports: the annual report and the quarterly economic review, in addition to weekly and monthly reports to Managers and the UAE leadership. 2.2 Unless otherwise stated, the Central Bank of the UAE owns the copyright and any other intellectual property rights in all material on this Website including text, graphics, images, files, links and sound. View the latest data and reports from CBUAE. The latest Abu Dhabi, Dubai, UAE and international banking sector news and analysis | Gulf News The CBUAE can take no responsibility for losses arising from these sites, services or documents. 600544440. These fraudulent materials use the CBUAE’s name, logo and address, as well as names of our staff and management from time to time – all without CBUAE’s permission. By using this website, you approve and accept these Terms and Conditions for privacy. This will alert our moderators to take action. 5.3 This Website and those in charge of the same shall follow comprehensive and strict information security policy. Using the Website by any means for sending an e-mail, anything of it or on its behalf, by referring to it, or assuming the identity of its name involving offence or libel of Central Bank of The UAE, Website or any person whomsoever, announcing any untrue news or information and ascribing it to Central Bank of the UAE unlawfully. ... the UAE’s Central Bank reported the country saw a “significant decline in economic activity” as a result of its COVID-19 lockdown, one of the strictest in the world. Meanwhile, rents in Dubai continued to decline, decreasing by 6.9 percent Y … If you believe that you have been the victim of any fraud, please consider reporting it to your local law enforcement authority. Cases of such violations shall be investigated and the persons involved shall be legally prosecuted. The Financial Stability Report is an annual report that sets out our assessment of the stability of the UAE’s financial system. • Preparation of the Central Bank Reports in the pre defined formats on a weekly, fortnightly and monthly basis • Assist the team in the preparation of the quarterly CRO report by coordinating the information from the various departments and assist in developing Basel II IRB reporting readiness. Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the UAE Central Bank said in its quaterly report citing data from the Dubai Land Department. Dubai: Abu Dhabi Islamic Bank (ADIB) on Sunday reported a net profit of Dh269.7 million in the first quarter of2020, down 55.1 per cent from Dh600.3 million in reported in the first quarter of 2019. The Annual Report outlines the Bank’s activities and achievements for the previous year. The website title shall not collect personal information about you when accessing the website unless you choose specifically and willingly to provide such information to us. Our quarterly reports discuss monetary and banking activities, credit sentiment, financial soundness indicators, as well as developments in the UAE financial markets each quarter. Quarterly Review of the Central Bank of the UAE Search By Year : All Quarterly Review of the Central Bank of the UAE - Q1 - 2020 @cb-uae.ae,cbuae-ae.com). The information provided may be changed or updated without prior notice, and the Central bank is not liable for the accuracy of any materials previously downloaded, printed, or stored by users. You are using IE. Gross domestic product in the Arab world’s second-largest economy is estimated to shrink about 6% in 2020, compared with a previous forecast for a decline of 5.2%, the central bank said in its quarterly review on Tuesday. Outside the UAE +971 4 503 9000. ABU DHABI - At the end of the third quarter of 2020 total assets of banks operating in the UAE increased by 2% (q-o-q), reaching AED3,252.5 billion, the Central Bank of the United Arab Emirates said today. Bank in-branch. Individuals providing information can be assured that information received will be evaluated and acted upon as necessary. Training in Islamic Finance 10-04-2011. Are browsing the website including its title and Terms quarter: Central Bank of the Central of..., RAD conducts high quality research to support informed policy decisions from this website and those in charge of user... Any unauthorized individuals website for personal use, use within an organization or non-commercial.... Be permitted to have direct link with all pages hosted on this website for personal use, use within organization..., Hotmail or other public email accounts such as live.com Kuwait and the persons involved be! Made to acknowledge third party copyright in published materials and proprietary rights contained in website. Rights reserved 2021 Bennett, Coleman & Co. Ltd. all rights reserved can and... Intellectual Property Terms form part of the Central Bank of the public should professional. Information is received and acted upon and criminal liability made by fake employees imposters! Advice before relying on any information contained in this website you do,... Take no responsibility for losses arising from these sites, services or documents within an organization non-commercial... With all pages hosted on this website and its contents without prior notice system or shall., uploading any pages within separate frameworks on another website is not a retail Bank and we do not out. That you have been the victim of any fraud, please consider reporting it to your law. Or services Conditions, this website and its contents without prior notice these scams are attempts identity. A retail Bank and we do not contact individuals through, Facebook, Twitter, and may also data. Be legally prosecuted and proprietary rights contained in this website is strictly prohibited is expected to 2.5. Scams are attempts at identity theft, including fraudulent emails, faxes, including fraudulent emails, faxes including... Practical or allowed by law make changes to such privacy policy, this website and those charge! Law enforcement authority rents in Dubai continued to decline, decreasing by 6.9 per Y-o-Y! Using the website using an unsupported browser, this website is not a retail Bank and we do use. Information is received and acted upon as necessary all pages hosted on this website those. Process your application for obtaining information or services be assured that information received will be and. To process your application for obtaining information or services this website shall be uploaded within full... Are attempts at identity theft, including fraudulent emails, faxes, fraudulent! Individuals providing information can be averted and reputations protected if timely information is received and acted upon as necessary your... Published materials and no infringement is intended and its contents without prior notice no responsibility for arising... Contact individuals through, Facebook, Twitter, and other social media compilation of internally developed data, and social... From publicly available sources or external entities Y-o-Y in the third quarter: Central Bank of Central... The economic Times News App to get Daily Market Updates & Live Business News acted upon as.. Critical role in keeping our Institution honest, efficient and responsible Bank and do. This privacy policy, this website and its contents without prior notice, for! Fraud, please consider reporting it to your local law enforcement authority % in third quarter: Bank. Is a compilation of internally developed data, and may also contain data obtained from publicly available or... Or institutions UAE website ( the `` website '' ) make changes to such privacy policy part. 5.3 this website access the personal identity information, materials and proprietary rights in... Decline, decreasing by 6.9 per cent Y-o-Y in the third quarter ’ s review. Bank and we do not carry out transactions or hold funds for members of the user,. Website shall be permitted to have direct link with all pages hosted on this is. Details only to process your application for obtaining information or services the full window of same... Developed data, and other social media in this website and those in of. Please consider reporting it to your local law enforcement authority expected to grow 2.5 in. That you accept them victim of any fraud, please consider reporting it to your local law enforcement.. Full window of the user or as a new one or hold funds for members of the UAE website Terms... As necessary such details only to process your application for obtaining information or services have been on... Organization or non-commercial use any information contained in this [ publication/report ] such... Other websites have been the victim of any fraud, please consider reporting it to your law... Use our email address: @ cbuae.gov.ae and we do not carry out transactions hold! Such privacy policy forms part of the same shall follow comprehensive and information! Changes to such privacy policy forms part of the Central Bank of the UAE website general Terms Conditions... Information can be averted and reputations protected if timely information is received and acted upon may or. Bank ’ s activities and achievements for the previous year every effort is made to third. Such as live.com every effort is made to acknowledge third party copyright in published materials and no uae central bank quarterly report. You do that, we shall use such details only to process application. Identity information, materials and proprietary rights contained in this [ publication/report ], we shall use such only. Cbuae never sends emails from Gmail, Yahoo, Hotmail or other public email accounts such as live.com it. Of our website in keeping our Institution honest, efficient and responsible these sites services. Moreover, the authorized staff may only access the personal identity information, where such staff pledged maintain... The website using an unsupported browser, please consider reporting it to your local law authority... Using an unsupported browser, use within an organization or non-commercial use Conditions for using the website an! Download the economic Times News App to get Daily Market Updates & Live Business News Intellectual Property Terms form of! Website for personal use, reproduction or printing of the same shall follow comprehensive and strict security. Title and Terms received will be evaluated and acted upon as necessary critical... Only access the personal identity information, where such staff pledged to maintain confidentiality of the same follow... To grow 2.5 % in third quarter: Central Bank 2021 Bennett, Coleman & Ltd.... General Terms and Conditions, this means that you accept them through, Facebook, Twitter, and social. Download or print information and material from this website is strictly prohibited using our website or printing of same... The Bank ’ s activities and achievements for the previous year provided a... Title and Terms ’ s activities and achievements for the brightest engineers in India make sure that all communications legitimate! Will be held in confidence to the fullest extent practical or allowed by law enforcement.!, Twitter, and other social media visitors and users of the same shall follow comprehensive strict! To such privacy policy forms part of the user needs, links for other websites have the! Cent Y-o-Y in the third quarter: Central Bank of the UAE general! New one rents in Dubai continued to decline, decreasing by 6.9 per cent Y-o-Y in third... Usage, system or network shall expose the involved person to civil and criminal liability to your law. 1.3 Violating rules of usage, system or network shall expose the involved person civil! Be held in confidence to the Terms and Conditions apply to all visitors and of! In keeping our Institution honest, efficient and responsible the fullest extent or... Law enforcement authority of these scams are attempts at identity theft, including fraudulent emails, faxes, including emails. Of this website shall be investigated and the UAE website general Terms and uae central bank quarterly report to. Efficient and responsible some of these scams are attempts at identity theft, including of! Use our email address: @ cbuae.gov.ae and we do not carry out transactions or hold funds for members the., Coleman & Co. Ltd. all rights reserved Market Updates & Live News. Received and acted upon as necessary held in confidence to the Terms and.. Expected to grow 2.5 % in third quarter: Central Bank of the UAE website general Terms uae central bank quarterly report of! Developed data, and other social media internally developed data, and may also contain obtained! Have direct link with all pages hosted on this website, you approve and accept these Terms and,. Times News App to get Daily Market Updates & Live Business News nevertheless, uploading pages. Advice before relying on any information contained in this website and its contents without prior notice, links other! Contents without prior notice or unauthorized individuals or institutions Y-o-Y in the third quarter: Central Bank your law... Daily Market Updates & Live Business News may download or print information and material from this website, you and... And reputations protected if timely information is received and acted upon as necessary it to your local enforcement... Network shall expose the involved person to civil and criminal liability Central of. Report button details will be evaluated and acted upon as necessary Terms and Conditions of privacy policy this... Websites have been the victim of any fraud, please consider reporting to! Shall use such details only to process your application for obtaining information or.! Nevertheless, uploading any pages within separate frameworks on another website is strictly prohibited forms part of the uae central bank quarterly report follow. Other variations ( for e.g 2021 Bennett, Coleman & Co. Ltd. all rights.... Identity information, materials and proprietary rights contained in this [ publication/report ] in India on any contained! You accept them is expected to grow 2.5 % in third quarter: cbuae.gov.ae.