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UAE Central Bank withdraws AED6bn of surplus liquidity

ABU DHABI / WAM The UAE Central Bank has withdrawn AED 6.00 billion out of excess liquidity in the market during March after it met the market needs for cash in January and February. The move fits within the Central Bank’s mandate to direct the country’s credit policy, and to regulate and oversee the monetary and banking policy, ensuring their ...

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Citibank launches its new cashback credit card in UAE

Dubai / Emirates Business A study conducted by Citi and Publicis Media has revealed 67 percent of residents in the UAE consider cashback to be one of the most important features of a credit card. In response to the survey’s findings, Citi UAE launched the Citi cashback credit card. The new Citi cashback credit card addresses client preferences by providing ...

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UAE visitors to Finland up 30%

ABU DHABI / WAM The number of visitors from the UAE increased by 30 percent to almost 10,000 in 2017, the Finnish tourist authority, Visit Finland, has highlighted as the government entity makes its debut on the exhibition floor during Arabian Travel Market (ATM) 2018. Speaking at a press conference during ATM on Sunday, Visit Finland representative, Teemu Ahola said, ...

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