The UAE's industrial sector has seen a significant increase in financing, driven by strong support from public and private institutions, UAE media say.
According to the latest data released by the Central Bank of the Emirates (CBUAE) in September 2024, Islamic banks accounted for approximately 22% of total bank credit in the UAE, with investments reaching AED 152.3 billion by the end of the third quarter of 2024.
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held their second bilateral meeting in Hong Kong on Friday, December 20, to strengthen cooperation and communication between the financial services sectors of the two countries, UAE media reported.
The gold reserves of the Central Bank of the Emirates (CBUAE) reached more than AED 23 billion by the end of the third quarter of 2024. This represents a monthly increase of 5.3%, equivalent to AED 1.164 billion, and brings the bank’s total gold reserves to AED 23.185 billion, compared to AED 22.021 billion at the end of August.
The Central Bank of the United Arab Emirates (CBUAE) has announced that it will reduce the interest rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points (from 4.65% to 4.40%). The decision will be effective from Thursday, December 19, according to the announcement.
The Central Bank of the United Arab Emirates (CBUAE) announced that the country’s total bank assets, including bank acceptances, increased to AED 4.4017 trillion at the end of September 2024, an increase of 0.5% compared to AED 4.378 trillion at the end of August 2024.
The balance sheet of the Central Bank of the United Arab Emirates (CBUAE) has announced that the balance sheet of this bank reached 750 billion dirhams at the end of last February.
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