Economy

The UAE Fuel Price Committee approved the fuel prices for November 2024 as follows: – Diesel: AED2.67 per litre. – Super “98”: AED2.74 per litre. – Special “95” : AED2.63 per litre. – E-Plus “91” : AED2.55 per litre.

The UAE Fuel Price Committee approved the fuel prices for October 2024 as follows: – Diesel: AED2.6 per litre.– Super “98” : AED2.66 per litre.– Special “95” : AED2.54 per litre.– E-Plus “91” : AED2.47 per litre.

The Central Bank of the UAE (CBUAE) revised upwards its GDP growth projection for 2024 to 4 percent from 3.9 percent previously, reflecting the improved performance of the oil sector. For 2025, growth is expected to increase to 6 percent, as momentum in the non-hydrocarbon sector is projected to continue, …

The Central Bank of the UAE (CBUAE) revealed that total gross banks’ assets, including bankers’ acceptances, rose by 0.5 percent from AED4,287.0 billion at the end of May 2024 to AED4,310.2 billion at the end of June 2024. In its Monetary and Banking Developments for June 2024, the Central Bank …

National banks boosted their investments in local stock markets by AED4.4 billion over 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). According to Central Bank statistics, national banks raised their equity investments to AED16.1 billion at the end of May, a year-on-year (YoY) …

Fuel prices for the month of September 2024: Super 98: Before: 3.05 AED/L After: 2.90 AED/L Special 95: Before: 2.93 AED/L After: 2.78 AED/L Diesel: Before: 2.95 AED/L After: 2.78 AED/L

Credit facilities provided by the UAE national banks to the private sector reached AED49.5 billion during the first five months of 2024, raising the cumulative total to AED1.182 trillion at the end of May, up from AED1.132 trillion at the end of December 2023, reflecting a growth of 4.5 percent, …

Credit facilities provided by the UAE national banks to the business and industrial sectors amounted to AED25.7 billion during the first five months of 2024, according to the latest figures released by the Central Bank of the United Arab Emirates (CBUAE). The apex bank’s figures showed that the two sectors …

The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 5.40%. This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged. The CBUAE has also decided to …

Fuel prices for the month of August 2024: Super 98: Before: 2.99 AED/L After: 3.05 AED/L Special 95: Before: 2.88 AED/L After: 2.93 AED/L Diesel: Before: 2.89 AED/L After: 2.95 AED/L