UAE Central Bank
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
