According to CBUAE’s figures, the cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14%.
The Central Bank announced that the Money Supply aggregate M1 increased by 0.5%, from Dhs719.4 billion at the end of August 2022 to Dhs723.0 billion at the end of September 2022.
Large deposits (greater than Dhs20 million) made up 59% the total deposits held by the banks based in the UAE that totalled Dhs2.222 trillion until the end of 2022,
The Central Bank of the UAE (CBUAE) has maintained the base rate applicable to the overnight deposit facility (ODF) at 15 basis points, effective from Thursday (July 29).
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, predicted that Dubai’s economy would grow by around 5 percent this year.
Dubai Chambers and the three Chambers operating under its umbrella - Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy
Natural gas has never been more important to the global energy mix as it replaces coal and liquid fuels while supporting the adoption of intermittent renewable energy,
flydubai announced on Thursday record-breaking annual results for its financial year ending 31st December 2023, with net profit reaching Dhs2.1 billion ($572 million), an increase of 75 per cent compared to 2022, marking the carrier’s strongest-ever performance.