Analysts explain how latest round of interest rate hike in UAE could affect consumers saddled with debt

Rising rates combined with strengthening dollar to hurt economic growth

Hike applies to issuance of certificates of deposits

Payment of salaries, money transfers no longer allowed at some money changers, here's why

Affected exchange houses violated central bank regulations, including anti-money laundering laws

Credit growth turns sluggish as private sector credit contracts

Real estate sector and government-related entities expected to have minimal impact owing to strong regulatory regime

Business to be liquidated under central bank supervision

Banking supervision and regulations reviewed

The country had Dh1.72 billion of gold till the end of first quarter