In a significant policy reversal, the Central Bank of the UAE has directed all banks in the country to halt the planned increase to the minimum balance requirement for personal account holders. The decision, issued via a circular on Tuesday, comes amid growing concerns about the impact of the policy on individual consumers. Previously, several banks had announced intentions to raise the minimum monthly balance from AED 3,000 to AED 5,000, starting June 1, 2025. Customers failing to meet the new threshold would have faced monthly fees of up to AED 105, although the standard fee reported by most banks...