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What does EIBOR stand for?

EIBOR stands for Emirates Interbank Offered Rate (United Arab Emirates)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

Noor Bank, for example, follows Islamic principles by having its profit rate linked to the Emirates Interbank Offered Rate (EIBOR), which is governed by the Central Bank of the UAE.
United Arab Emirates interbank offered rates edged down on Monday to their lowest level in nearly 17 months as regional unrest helped increase liquidity in the country's banking system.
According to a report in The National, the bank switched its base for calculating variable mortgage rates from the Emirates interbank offered rate (EIBOR) to an internally set rate.
The central bank said it opened a "special additional liquidity facility linked to their current accounts" at 50 basis points over threemonth Emirates interbank offered rate (EIBOR), but offered no further details.