UAE Central Bank
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
Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency
The issue date for these M-Bills is set for August 21, 2024
Credit balance for the sectors from banks in Abu Dhabi was around $104.76 billion in May 2024
The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs
In April 2024, CBUAE's gold reserves reached $5.54 billion
