Skip to main content Skip to footer 
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
Labor market conditions have generally eased, and the unemployment rate has moved up but remains low, the Fed said
CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July
Local banks took the lion's share, accounting for 86.3 percent of the total capital and reserves
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
The initial focus of Project Aperta will be on trade finance for SMEs
The total number of insurance policies written across all types in the UAE surged to 14.6 million
A 4.6x oversubscription on $299.4 million issued
UAE's real GDP grew 3.6 percent, driven by rise in the non-oil sector, particularly in tourism, real estate, and finance
This increase was primarily driven by significant rises in property and liability insurance premiums
Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production
The Fed attributed this move to recent indicators that suggested that economic activity continued to expand at a solid pace
Investments in Shariah-compliant CDs hit $11.95 billion during this period
National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion
Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024
In Q2, demand for trade credit remained strong, with a greater appetite for lending
By the end of May, these banks had elevated their equity investments to AED16.1 billion
This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024
