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THE ECONOMY - CENTRAL BANK

UAE heads Arab Group at semi-annual IMF and World Bank meetings in Washington

Posted on 20/04/2015

The UAE has participated in the semi-annual International Monetary Fund, IMF, and World Bank, WB, meetings, which took place from 17th-19th April in Washington, with a delegation headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs. The delegation also attended the ministerial meeting with the President of the World Bank Group. Al Tayer was heading the Arab Group at meetings, which covered 10 elements on global economic growth, including policies to promote balanced and ...  >>MORE

UAE Central Bank and UnionPay International sign agreement

Posted on 30/03/2015

Central Bank of the United Arab Emirates, CBUAE, and UnionPay International, UPI, (the international business arm of the global payment network, China UnionPay) have signed an agreement for linking with UAESWITCH, a service that connects ATMs across the country. The agreement was signed on March 19th, between the CBUAE and UPI, launching the use of UnionPay cards at all ATMs connected to the UAESWITCH, by Deputy Governor of CBUAE, Mohammed Ali Bin Zayed Al Falasi and China UnionPay President ...  >>MORE

Central Bank announces M1 increases by 1.7%

Posted on 06/03/2015

The UAE Central Bank has announced that the Money Supply aggregate M1 (currency in circulation plus monetary deposits) increased by 1.7%, from Dh 436.1 billion at the end of December 2014 to Dh 443.3 billion at the end of January 2015. The Money Supply aggregate M0 (currency in circulation + cash at banks) decreased by 6.6%, from Dh 74.5 billion at the end of December 2014 to Dh 69.6 billion at the end of January 2015. The Money Supply aggregate M2, which comprises M1 and Quasi-Monetary ...  >>MORE

Central Bank to put two new currency notes in circulation for the blind, sight-impaired next Monday

Posted on 04/03/2015

The Central Bank of The United Arab Emirates has announced that it would put in circulation, on Monday, 9 March 2015, two currency notes of Dh 100 and Dh 50 denominations, reprinted with tactile marks for the blind and sight-impaired on the front of the notes. The banknotes will include new tactile features for the blind and sight impaired, engraved in bleed-off intaglio printing on the edge of the banknotes' short sides. The tactile feature on the Dh 100 denomination consists of two ...  >>MORE

UAE has no plan to de-peg Dirham from US Dollar: Governor of Central Bank

Posted on 03/03/2015

The UAE has no intention to de-peg the UAE Dirham from the US Dollar because the US currency ensures economic stability and our investments are basically in US Dollar, Mubarak Rashed Al Mansoori, the Governor of the UAE Central Bank, said yesterday. 'We are fortunate in the UAE to have pegged the Dirham to the US Dollar. A strong Dollar offsets some of our losses as part of oil exports. As an oil producer, we export oil and other services to neighbouring countries whose local currencies are ...  >>MORE

UAE's Central Bank, Afghanistan's Central Bank sign MoU to enhance cooperation

Posted on 08/02/2015

The Central Bank of the UAE on Wednesday, 4th February, signed a Memorandum of Understanding (MoU) with the Central Bank of Afghanistan on supervisory co-operation and exchange of information. Mubarak Rashed Al Mansoori, Governor of Central Bank of the UAE, signed the MoU on behalf of Central Bank of the UAE and Khan Afzal Hadawal, First Deputy and Acting Governor of the Central Bank of Afghanistan, signed the MoU on behalf of the Central Bank of Afghanistan. This MoU between the Central Bank ...  >>MORE

Central Bank of the UAE issues statement on Monetary & Banking Developments – December 2014

Posted on 02/02/2015

The Central Bank of the UAE has announced that the Money Supply aggregate M0 (Currency in Circulation + Cash at Banks) increased by 1. 4%, from Dh 73.5 billion at the end of November to Dh 74.5 billion at the end of December2014. However, the Money Supply aggregate M1 (Currency in Circulation plus Monetary Deposits1) decreased by 0.8%, from Dh 441.9 billion at the end of November to Dh 438.5billion at the end of December 2014. This reduction was a result of 2.6% and 1.7% decrease in Currency ...  >>MORE

UAE Central Bank develops Credit Sentiment Survey

Posted on 21/01/2015

The Central Bank has developed a Credit Sentiment Survey, The Survey, in 2014 Q1 to collect information from all banks and finance companies extending credit within the UAE. The move is part of its efforts to gauge both supply and demand-side factors influencing the local credit market, and to further understand the linkages between credit sentiment and the broader UAE economy. A series of multiple choice questions were addressed to a sample of Senior Credit Officers within all financial ...  >>MORE

Mohammed bin Rashid: UAE's financial sector primary driver of development

Posted on 18/12/2014

Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has emphasised that the UAE's financial plans and monetary policies are part of an all-encompassing national economic vision that is aimed at consolidating the global standing of its national economy. H.H. Sheikh Mohammed also emphasised that the country's financial and banking sector, which is the largest in the Arab region, is the primary driver of development in the UAE. H.H. Sheikh ...  >>MORE

Central Bank announces M3 increases to Dh 1,348.3 billion at the end of October

Posted on 16/12/2014

The Central Bank has announced that the money supply aggregate M3 (M2 plus government deposits at banks operating in the UAE as well as at the Central Bank) increased by 0.3%, from Dh 1,344.2 billion at the end of September to Dh 1,348.3 billion at the end of October due to an increase in government deposits (16.5% of total) by 7.0% The money supply aggregate M0, currency in circulation (81.4% of total) + cash at banks (18.6% of total), decreased by 1.1%, from Dh 70.8 billion at the end of ...  >>MORE

Central Bank approves projected budget for fiscal year 2015

Posted on 11/12/2014

The Board of Directors of Central Bank of the UAE reviewed the projected budget for the fiscal year 2015, and adopted it in its 6th meeting for 2014 on Tuesday in Abu Dhabi. Held under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board and attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansoori, the Governor, and other Board members, the Board reviewed a report on systemic prudential ratios for the banking system, banking stability, and liquidity ...  >>MORE

U.A.E. Central Bank: MENAFATF approves U.A.E. 7th Follow-up Report

Posted on 01/12/2014

The Central Bank of the U.A.E. has announced that the Middle East and North Africa Financial Action Task Force, MENAFATF, consisting of 18 members of Arab states and 15 Observers among them US, UK, France, Spain, IMF, World Bank and others, reviewed the U.A.E. 7th Follow-up Report submitted by the U.A.E. Delegation to the 20th MENAFATF Plenary in Manama, Bahrain, in conformity with Financial Action Task Force, FATF, requirements and mutual evaluation procedures. This was in continuation of Six ...  >>MORE

Central Bank announces M0 increased by 6.3 percent

Posted on 11/11/2014

The Central Bank has announced that the money supply aggregate, M0, (currency in circulation (81.2% of total) + cash at banks (18.8% of total) increased by 6.3%, from Dh66.6 billion at the end of August 2014 to Dh70.8 billion at the end of September of the same year. The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) decreased by 0.1%, from Dh 431.4 billion at the end of August 2014 to Dh 431.1 billion at the end of ...  >>MORE

U.A.E. Central Bank, National Bank of Kazakhstan sign MoU on cooperation, exchange of regulatory information

Posted on 27/10/2014

The Central Bank of the U.A.E. on Sunday announced the signing of a Memorandum of Understanding, MoU, with the National Bank of Kazakhstan, the Central Asian country's central bank, on cooperation and exchange of regulatory information. The agreement, signed by Mubarak Rashed Al Mansouri, Governor of Central Bank of the U.A.E. signed Kairat Kelimbetov, Governor of the National Bank of Kazakhstan, puts in place a mechanism for cooperation between the two banks on regulatory matters, supervision ...  >>MORE

U.A.E. Central Bank announces signing of agreement with Luxembourg authorities

Posted on 27/10/2014

The Central Bank of the U.A.E. has announced the signing of an agreement with the Luxembourg authorities. The agreement covers the uncollected dividends in respect of admitted creditors of former U.A.E. branches of the Bank of Credit and Commerce International (BCCI), which was shut down in 1991. Like all creditors, U.A.E. branch creditors have received a dividend of over 90 percent in the liquidation. The agreement was signed by Mubarak Rashed Al Mansoori, the Governor of the Central Bank of ...  >>MORE

Khalifa restructures U.A.E. Central Bank Board

Posted on 23/09/2014

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the board of directors of the Central Bank of the U.A.E.. According to the Decree, the following board members will serve a four- year term: Khalifa Mohammed Al Kindi, Chairman of the Board, Khalid Juma Al Majid, Vice Chairman, Mubarak Rashid Khamis Al Mansouri, Governor, and Younis Haji Al Khoori, Khalid Ahmed Al Tayer, Khalid Mohammed Salem Balama and Hamad Mubarak Bu Amim as members. Any ...  >>MORE

Money Supply Aggregate, M0, increases to Dh72.1 billion in July: Central Bank

Posted on 15/09/2014

The U.A.E. Central Bank has announced that the money supply aggregate M0 (currency in circulation plus currency at banks) increased by 6.3%, from Dh 67.8 billion at the end of June 2014 to Dh 72.1 billion at the end of July of the same year. The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) decreased by 0.2%, from AED 434.3 billion at the end of June 2014 to Dh 433.6 billion at the end of July of the same year. ...  >>MORE

Central Bank of the U.A.E. aware of consent order between New York State Department of Financial Services, Standard Chartered Bank

Posted on 22/08/2014

Central Bank of the U.A.E. announced that it has taken note of the Consent Order entered into by the New York State Department of Financial Services and Standard Chartered Bank on 19 August 2014. Under the said Consent Order, the bank was fined and is subject to certain procedures for not fulfilling the requirements of the New York State Department of Financial Services, among which closure of accounts relating to persons and companies holding nationalities that cannot transfer funds or deal ...  >>MORE

U.A.E. Central Bank announces 64% Emiratisation

Posted on 21/07/2014

The Central Bank of the U.A.E. has announced that the ratio of Emirati employees working at the Bank reached 64% at the end of the first half of 2014. The ratio of Emiratisation by job categories reached 100% within the leadership and Supervisory category, 71 % within the executive category and 44% within the specialised/technical category. The Central Bank's management has developed specialised training programmes to improve performance of staff, particularly national employees, in ...  >>MORE

Central Bank discusses new banking law

Posted on 13/07/2014

The Board of Directors of Central Bank of the U.A.E. discussed in its 4th meeting for the year 2014 the major subjects in the new banking law and reviewed a comparative analysis between it and Federal Law No-10 of 1980, Regarding the Central Bank, the Monetary System and Organization of Banking. The meeting, chaired by Khalifa Mohammed Al Kindi, Chairman of the Board, and attended by other board members and a group of senior Central Bank staff, reviewed a report regarding the latest ...  >>MORE

U.A.E. Central Bank announces money supply aggregate M1 increase by 3.5%

Posted on 11/06/2014

The U.A.E.'s Central Bank has announced that the money supply aggregate M1 (currency in circulation plus monetary deposits, i.e. current accounts and call accounts at banks) increased by 3.5%, from Dh 412.0 billion at the end of March 2014 to Dh 426.3 billion by the end of April 2014. In its statement, the Central Bank announced that the money supply aggregate M0 (currency in circulation + currency at banks) decreased by 0.2%, from Dh 65.3 billion to Dh 65.2 billion for the same period. The ...  >>MORE

Central Bank: Money supply aggregate M1 increased to Dh 396.6 billion by February

Posted on 09/05/2014

The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) increased by 1.9%, from Dh 389.2 billion at the end of January 2014 to Dh 396.6 billion at the end of February 2014. UAE Central Bank in a statement announced that the money supply aggregate M0 (currency in circulation + currency at banks) increased by 1.1%, from Dh 63.5 billion at the end of January 2014 to Dh 64.2 billion at the end of February 2014. The money ...  >>MORE

UAE bank assets cross Dh2 trillion

Posted on 03/03/2014

The combined assets of the UAE banks crossed Dh2 trillion mark for the first time at the end of 2013 to maintain the country's position as having the largest banking sector in the Arab region, according to official data. The assets soared by nearly Dh34 billion to an all-time high of Dh2,025.8 billion at the end of December 2013 from Dh1,991 billion at the end of November, the Central Bank said in its monthly statistics report. The rise mean that the combined assets of the UAE's 23 national ...  >>MORE

Central Bank: Money Supply aggregate M0 increased by 0.8%

Posted on 27/02/2014

The UAE Central Bank has announced that the money supply aggregate, M0 (currency in circulation + currency at banks), increased by 0.8%, from Dh 63.4 billion at the end of November 2013 to Dh 63.9 billion at the end of December of the same year. The money supply aggregate, M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks), increased by 1.7%, from Dh 373.3 billion at the end of November 2013 to Dh 379.6 billion at the end of December of the ...  >>MORE

Central Bank announces money supply aggregate M0 increases by 1.0%

Posted on 29/01/2014

The UAE Central Bank has announced that the money supply aggregate M0 (currency in circulation + currency at banks) increased by 1.0% from Dh 62.8 billion at the end of October 2013 to Dh 63.4 billion at the end of November of the same year. The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) increased by 3.3%, from Dh 361.5 billion at the end of October 2013 to Dh 373.3 billion at the end of November of the same ...  >>MORE

Monetary and Banking Developments - October 2013

Posted on 10/01/2014

The Central Bank have announced that the money supply aggregate M0 (currency in circulation + currency at banks), increased by 3.8% from Dh 60.5 billion at the end of September 2013 to Dh 62.8 billion at the end of October of the same year. The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks), increased by 2.0%, from Dh 354.4 billion at the end of September 2013 to Dh 361.5 billion at the end of October of the same ...  >>MORE

Central Bank of UAE issues regulations Relicensing and Monitoring of Exchange Business

Posted on 07/01/2014

Central Bank of UAE has issued the regulations on licensing and monitoring of exchange business to regulate, enhance exchange business profession, support its geographical spread and facilitate the provision of exchange services throughout the UAE based on solid foundations. The Central Bank's Board of Directors has set a number of following definitions: "Licensed person"; means any natural or juridical person authorised to conduct exchange business under these Regulations. "Licence"; means ...  >>MORE

Central Bank discusses proposed financial and banking regulations for 2014

Posted on 22/12/2013

The Board of Directors of Central Bank of the UAE held its 8th meeting for the year 2013 in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting, attended by Khalid Juma Al Majid, Deputy Chairman, Sultan bin Nasser Al Suwaidi, the Governor, and Board Members, reviewed latest developments regarding the project of assigning a consultative firm the task of preparing a study on Exchange business in the UAE. The Board also reviewed latest ...  >>MORE

UAE Central Bank Governor underscores UAE's efforts to advance financial inclusion

Posted on 11/12/2013

The Governor of the UAE Central Bank, Sultan bin Nasser Al Suwaidi, has underscored the UAE's efforts to advance financial inclusion and urged for aligning it with the country's efforts to implement the smart government initiative which requires providing all financial services in an electronic, safe and trustworthy way round the clock. Al Suwaidi made his remarks in his keynote speech read out by Saif Hadef Al Shamsi, Assistant Governor of the UAE Central Bank for Monetary Policy and ...  >>MORE

UAE banks safe, says Central Bank Governor

Posted on 28/11/2013

The banking industry is safe and secure in the United Arab Emirates, the Governor of the UAE Central Bank, Sultan Nasser Al Suwaidi, said yesterday. Overall confidence in the UAE banks is justifiably strong, he added, thanks to effective supervision and the fact that there are cautious mechanisms in place to safeguard the system. Addressing a press conference organised for foreign correspondents invited by the National Media Council to visit the country on the occasion of the UAE's National ...  >>MORE

Central Bank issues regulations re-monitoring large exposure limits

Posted on 18/11/2013

The Board of Directors of Central Bank of the UAE sets rules to govern ratio requirements to which all banks must adhere to ensure their liquidity and solvency, in particular, banks must follow a prudent credit policy in order to safeguard the assets entrusted to them.. The new rules are in accordance with Part Three, Chapter Two, of Union Law No. (10) of 1980 concerning the Central Bank and the Monetary System and Organisation of Banking. For the purpose of assessing whether a bank's credit ...  >>MORE

Central Bank releases money supply aggregate figures

Posted on 11/11/2013

The UAE Central Bank has announced that the money supply aggregate M0 (currency in circulation + currency at banks) decreased by 0.3% from Dh 60.7 billion at the end of August to Dh 60.5 billion at the end of September. The Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) increased by 1.8%, from Dh 348.0 billion at the end of August 2013 to Dh 354.4 billion at the end of September of the same year. The Money supply ...  >>MORE

UAE Central Bank issues mortgage cap regulation

Posted on 31/10/2013

New bank lending norms an attempt to ward off the pitfalls of uncontrolled lending to property buyers. The UAE Central Bank issued on Tuesday a key mortgage cap regulation streamlining new bank lending norms in an attempt to ward off the pitfalls of uncontrolled lending to property buyers. The long awaited rules, based on loan-to-value ratio, will seek to limit home loans for expatriates to 75 per cent of a property's value for a first investment of less than Dh5 million. For Emiratis, the ...  >>MORE

Central Bank reviews reports on banking and monetary indicators

Posted on 30/10/2013

The Board of Directors of Central Bank of the UAE held its 7th meeting for the year 2013 in Abu Dhabi, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. The meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Sultan bin Nasser Al Suwaidi, the Governor, and Board Members, and a group of senior Central Bank staff. The Board reviewed the latest developments regarding the draft financial services law and the actions taken so far in this respect. The Board also ...  >>MORE

UAE Central Bank and Bank of Korea sign currency swap framework agreement

Posted on 15/10/2013

The Central Bank of the U.A.E. signed a currency swap framework arrangement with the Bank of Korea (Central Bank of South Korea) on Sunday in Washington D.C. The signing took place on the margins of the Annual Meeting of the World Bank Group, WBG, and the International Monetary Fund, IMF. "This arrangement aims at promoting trade and investment between the U.A.E. and South Korea," said a spokesperson in a press release issued by the UAE Central Bank yesterday. Sultan Bin Nasser Al Suwaidi, ...  >>MORE

Central Banks of UAE and Malaysia sign MoU for exchange of information and expertise

Posted on 12/10/2013

Central Bank of the UAE announced that it has signed a Memorandum of Understanding (MoU) with the Bank of Negara Malaysia (Central Bank of Malaysia) on Thursday, 10th October 2013, in Washington D.C. at the margins of IMF/WB Annual meetings, aimed at cooperation, exchange of information and expertise, and training. Sultan bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, signed the MoU with Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia. This MoU puts a mechanism to ...  >>MORE

Central Bank deposits double

Posted on 08/10/2013

The UAE Central Bank more than doubled its deposits with other banks in the first eight months of 2013 while its "held-to-maturity-investments” dipped by more than two per cent following a sharp rise in the previous months. The decline in investments did not affect the Central Bank's overall assets, which swelled by nearly 7.2 per cent to reach one of their highest levels at the end of August. Deposits with other banks hit an all-time high of around Dh94.6 billion at the end of August ...  >>MORE

Central Bank of UAE kicks off Direct Debit System from 5th October

Posted on 02/10/2013

Further to an earlier communication in April this year, the Central Bank of the UAE has announced that registration of banks and finance companies into the direct debit system has been completed, and all banks and finance companies are now ready to embark on to the first phase of using the system beginning on October 5th, 2013. A direct debit is a safe and convenient method of making payments and is ideally suited for making regular payments with fixed or variable amounts electronically. An ...  >>MORE

Non-oil growth may hit 4.5%

Posted on 30/09/2013

The UAE's non-oil economic growth is all set to reach four per cent with a strong possibilities of touching 4.5 per cent this year on the back of strong performance put up by the service and tourism sectors, UAE Central Bank Governor Sultan bin Nasser Al Suwaidi said. He stressed that the progress made by the UAE helped in overcoming the effects of the global economic crisis, and pointed out that the non-oil GDP of the UAE grew at constant prices at a rate of between 2.3 per cent and 3.5 per ...  >>MORE

Central Bank: Money supply aggregate increases to Dh 61.2 billion at the end of July

Posted on 11/09/2013

The UAE Central Bank has announced that the money supply aggregate M0 (currency in circulation + currency at banks) increased by 3.0% from Dh59.4 billion at the end of June 2013 to Dh61.2 billion at the end of July. Money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks) decreased by 0.6%, from Dh346.7 billion at the end of June 2013 to Dh344.7 billion at the end of July. Money supply aggregate M2, which comprises M1 plus ...  >>MORE

UAE bank deposits at all-time high

Posted on 21/08/2013

Deposits with UAE banks climbed to an all-time high at the end of the first half of 2013 while assets also peaked at their highest level and loans picked up sharply. Official data showed the UAE's 23 national banks and 28 foreign units are pushing ahead with a provisioning drive to bolster their financial base in the wake of the 2008 global fiscal distress, with allocations for loan loss provisions gaining around Dh500 million to reach their highest level of nearly Dh72.9 billion at the end of ...  >>MORE

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Quick List

UAE heads Arab Group at semi-annual IMF and World Bank meetings in Washington


UAE Central Bank and UnionPay International sign agreement


Central Bank announces M1 increases by 1.7%


Central Bank to put two new currency notes in circulation for the blind, sight-impaired next Monday


UAE has no plan to de-peg Dirham from US Dollar: Governor of Central Bank


UAE's Central Bank, Afghanistan's Central Bank sign MoU to enhance cooperation


Central Bank of the UAE issues statement on Monetary & Banking Developments – December 2014


UAE Central Bank develops Credit Sentiment Survey


Mohammed bin Rashid: UAE's financial sector primary driver of development


Central Bank announces M3 increases to Dh 1,348.3 billion at the end of October


Central Bank approves projected budget for fiscal year 2015


U.A.E. Central Bank: MENAFATF approves U.A.E. 7th Follow-up Report


Central Bank announces M0 increased by 6.3 percent


U.A.E. Central Bank, National Bank of Kazakhstan sign MoU on cooperation, exchange of regulatory information


U.A.E. Central Bank announces signing of agreement with Luxembourg authorities


Khalifa restructures U.A.E. Central Bank Board


Money Supply Aggregate, M0, increases to Dh72.1 billion in July: Central Bank


Central Bank of the U.A.E. aware of consent order between New York State Department of Financial Services, Standard Chartered Bank


U.A.E. Central Bank announces 64% Emiratisation


Central Bank discusses new banking law


U.A.E. Central Bank announces money supply aggregate M1 increase by 3.5%


Central Bank: Money supply aggregate M1 increased to Dh 396.6 billion by February


UAE bank assets cross Dh2 trillion


Central Bank: Money Supply aggregate M0 increased by 0.8%


Central Bank announces money supply aggregate M0 increases by 1.0%


Monetary and Banking Developments - October 2013


Central Bank of UAE issues regulations Relicensing and Monitoring of Exchange Business


Central Bank discusses proposed financial and banking regulations for 2014


UAE Central Bank Governor underscores UAE's efforts to advance financial inclusion


UAE banks safe, says Central Bank Governor


Central Bank issues regulations re-monitoring large exposure limits


Central Bank releases money supply aggregate figures


UAE Central Bank issues mortgage cap regulation


Central Bank reviews reports on banking and monetary indicators


UAE Central Bank and Bank of Korea sign currency swap framework agreement


Central Banks of UAE and Malaysia sign MoU for exchange of information and expertise


Central Bank deposits double


Central Bank of UAE kicks off Direct Debit System from 5th October


Non-oil growth may hit 4.5%


Central Bank: Money supply aggregate increases to Dh 61.2 billion at the end of July


UAE bank deposits at all-time high