UAE: Rising EIBOR Reflecting Low Confidence.The article reports on the increased cost for private sector borrowers in accordance with the rise in three-month Emirates Interbank Offered Rate (EIBOR), raising concern for the Central Bank of the United Arab Emirates....
The Eibor panel consisting of the central bank and banks' representatives met on Tuesday in Abu Dhabi to discuss the British bank's request to withdraw from the Eibor fixing process. Barclays to leave UAE rate panel Emirates interbank offered rate (Eibor) is the amount that banks charge when ...
The article presents economic outlook for the United Arab Emirates (UAE) by Business Monitor International (BMI) Ltd., in relation to its banking system. It mentions that the rise in the Emirates Interbank Offered Rate (EIBOR), signals a warning that liquidity and confidence within the banking ...