UAE Central Bank
Deposits reached AED286.67 billion ($78 billion) at the end of March 2024
The CBUAE has demonstrated its commitment to promoting economic and financial stability within the country
This growth was primarily driven by a 28 percent increase in net interest income
UAE-based bank investments reached $157 bn at end of July 2023
GCC central banks followed suit and raised interest rates by 25 basis points
Investments of banks in UAE rise by 4.3% on annual basis
For failing to comply with due diligence and reporting procedures
Saudi made a smaller increase after slight inflation slowdown
