UAE Central Bank
After cutting the benchmark interest rate a full percentage point last year, the Fed kept it in the current 4.25-4.50 percent range
This represents a month-on-month increase of 5.5 percent, or $348.5 million
The CBUAE has issued 3,000 of these commemorative coins, each weighing 60 grams
UAE banking sector assets reach $1.21 trillion with 1.3 percent growth by October 2024: Central Bank
Gross credit rose by 0.6 percent to AED2.174 trillion by October 2024
Non-oil GDP growth is projected to remain robust at 4.9 percent in 2024 and 5.0 percent in 2025
Reserves grew month-on-month by $316.9 million
Fed policymakers projected they will cut their benchmark rate by a quarter-point just twice in 2025
The total gross credit rose by 2.3 percent to $588 billion
This issuance is part of the UAE's Islamic Treasury sukuk issuance program for the fourth quarter of 2024
In 2023, the global market capitalization of stablecoins exceeded $130 billion
Gold prices continued to decline as the U.S. dollar index was set for a slight weekly gain after Trump's election victory