UAE Central Bank
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
