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....
Barclays belongs to a panel of 12 banks that quote indicative interbank lending rates in UAE dirhams. The quotes are averaged to create a daily range of Emirates Interbank Offered Rates (Eibor), which are used for financial instruments. "Barclays has indicated to the UAE central bank that it ...
For example, the central bank is considering reducing the proportion of a property’s value that can be financed with debt instead of equity. The maximum amount of a real estate loan to an Emirati would be capped at 80% of the value of the property if the EI...
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The article reports on the move of Central Bank to establish an Emirates interbank offered rate (Eibor) under its supervision in United Arab Emirates. It notes that the bank aims to set an official benchmark for local currency lending between banks for fair presentations in the market. In ...
The Central Bank of UAE. 2018. EIBOR Rates. Available online: https://www.centralbank.ae/en/index.php?option=com_jumi&feleid=20&Itemid=59 (accessed on 23 February 2022). Ufier, Alex. 2014. Quasi-experimental analysis on the effects of adoption of a value added tax. Economic Inquiry ...