UAE Central Bank
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
