CBUAE's Foreign Assets Up to AED592.11 Bn in JuneSource: www.export-egypt.com 8/21/2023, Location: Middle East |
|
|
|
|
|
The UAE's current account balances and deposits with banks abroad amounted to AED363.23 billion by the end of June, 2023, from AED361.78 in the previous month, according to the latest figures revealed today by the Central Bank of the United Arab Emirates (CBUAE).
Foreign securities are down to AED165.42 bn from AED171.03 during the same reference period, with other foreign assets up to AED63.46 bn against AED57.38 in May, According to the apex bank, total foreign assets increased to AED592.11 bn from AED590.19 in May. It's noteworthy that the foreign assets exclude CBUAE's Reserve Tranche Position (RTP) and SDR Holdings with the IMF. According to the bank's monetary & banking deployments report of June 2023, the monetary base grew by 0.1%, climbing from AED621.4 billion at the end of May 2023 to AED 622.2 billion at the end of June 2023. The main drivers of this expansion of the Monetary Base were increases in currency issued by 5.2% and in Reserve Account by 28.0%. However, banks & OFCs’ current accounts and overnight deposits of banks at CBUAE and monetary bills and islamic certificates of deposit decreased by 25.7% and 2.5%, respectively. Gross banks’ assets, including bankers’ acceptances, rose by 0.1%, from AED3,868.9 billion at the end of May 2023 to AED 3,873.1 billion at the end of June 2023. Domestic Credit expanded because of 2.5%, 3.7% and 3.4% increases in credit to the Government Sector, Public Sector and non-banking financial institutions, correspondingly. Whereas, credit to the private sector declined by 0.6%. Total bank deposits decreased by 1.0%, falling from AED2,405.9 billion at the end of May 2023 to AED2,382.1 billion at the end of June 2023. The fall in total bank deposits was due to reduction in non-resident deposits by 11.8%, overshadowing the increase in resident deposits by 0.2%. Resident deposits rose owing to increases in government sector deposits. Private sector deposits and non-banking financial institutions’ deposits by 2.5%, 0.4% and 18.1%, respectively. However, public sector deposits decreased by 8.3%. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
