UAE Central Bank
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
