Central Bank
UAE banks' monetary base expanded 2.7 percent monthly to AED688.7 billion in February
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Brent crude futures saw a gain of 31 cents, equivalent to 0.4 percent, reaching $89.32 per barrel
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Food prices remained unchanged at 5 percent in March compared to February
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
International reserves increase to $40.361 billion from $35.311 billion in February
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
