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FINANCIAL NEWS
UAE money supply growth slows to 2.1%
20 May 2010
(MENAFN) The UAE Central Bank said in a statement that money supply in the UAE grew 2.1 percent year-on-year at the end of last month, slowing down from a 3.3 percent rise in the previous month, Khaleej Times reported.
Bank credit grew 2.4 percent year-on-year to $278.2 billion last month, but edged down marginally from $278.3 billion in March, the central bank said.
M3, the broadest measure of money circulating in the economy and an indicator of future inflation, grew only 1.4 percent in February in the slowest pace since at least 2001 as banks grappled with Dubai’s debt restructuring.
Money circulating in the second-largest Arab economy and the world’s third-largest oil producer had more than doubled in the two years to the end of 2008.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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