Latest news with #MonthlyStatisticalBulletin
Hi Dubai
14-04-2025
- Business
- Hi Dubai
UAE Gold Reserves Climb 7% in January as Bank Deposits and Reserves Strengthen
The Central Bank of the UAE (CBUAE) reported a robust start to 2025, with gold reserves rising by 7% in January to reach AED24.571 billion—up AED1.59 billion from AED22.981 billion in December 2024. According to the CBUAE's Monthly Statistical Bulletin for January, released today, the country's financial indicators showed steady growth across key deposit categories and net international reserves. Demand deposits crossed the AED1 trillion mark, increasing to over AED1.116 trillion at the end of January from AED1.109 trillion the previous month. Of this, AED834.9 billion was held in local currency and AED281.5 billion in foreign currencies, reflecting continued confidence in the banking system. Savings deposits also saw a modest rise, reaching AED322.281 billion compared to AED317.48 billion in December. Local currency accounted for approximately AED270.79 billion, while foreign currency savings totaled AED51.48 billion. Fixed-term deposits stood at AED926.22 billion at the end of January, with AED552.47 billion in dirhams and AED373.74 billion in foreign currencies, highlighting a strong mix of domestic and international holdings. The report also noted a rise in the UAE banking sector's net international reserves, which climbed to AED1.466 trillion in January—an increase of AED20 billion from AED1.446 trillion in December. These figures underscore the resilience and stability of the UAE's financial sector amid global economic uncertainties, reinforcing investor confidence and strengthening the country's monetary position. News Source: Emirates News Agency
Al Etihad
11-04-2025
- Business
- Al Etihad
CBUAE's gold reserves up 7% to Dh24.571 billion by end of January
11 Apr 2025 17:58 ABU DHABI (ALETIHAD)The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7%, or Dh1.59 billion, in January, reaching Dh24.571 billion by the end of the month, up from Dh22.981 billion at the end of December to the CBUAE's Monthly Statistical Bulletin for January issued on Friday, demand deposits grew to over Dh1.116 trillion at the end of January, compared to around Dh1.109 trillion at the end of December the end of January, demand deposits were distributed as follows: Dh834.9 billion in local currency and approximately Dh281.5 billion in foreign deposits reached Dh322.281 billion at the end of January, compared to around Dh317.48 billion at the end of December 2024. Savings deposits in local currency amounted to approximately Dh270.79 billion, and in foreign currencies, around Dh51.48 billion. Fixed-term deposits reached Dh926.22 billion at the end of January, with Dh552.47 billion dominated in local currency and Dh373.74 billion in foreign currencies. The bulletin showed a monthly increase in the net international reserves of the UAE banking sector, reaching Dh1.466 trillion at the end of January, compared to Dh1.446 trillion at the end of December 2024.
Sharjah 24
11-04-2025
- Business
- Sharjah 24
CBUAE gold reserves rise 7% to AED24.57 billion in January
Demand deposits continue to rise According to the CBUAE's Monthly Statistical Bulletin for January, demand deposits grew to over AED1.116 trillion by the end of January, compared to AED1.109 trillion in December 2024. Breakdown of demand deposits : Local currency: AED834.9 billion Foreign currencies: AED281.5 billion Growth in savings deposits Savings deposits increased to AED322.281 billion by the end of January, up from AED317.48 billion in December. Breakdown of savings deposits : Local currency: AED270.79 billion Foreign currencies: AED51.48 billion Fixed-term deposits remain strong Fixed-term deposits reached AED926.22 billion in January, with: AED552.47 billion in local currency AED373.74 billion in foreign currencies Rise in net international reserves The UAE banking sector's net international reserves also increased, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion in December 2024.
Zawya
11-04-2025
- Business
- Zawya
CBUAE's gold reserves up 7% to $6.7bln by end of January
The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 7 percent, or AED1.59 billion, in January, reaching AED24.571 billion by the end of the month, up from AED22.981 billion at the end of December 2024. According to the CBUAE's Monthly Statistical Bulletin for January issued today, demand deposits grew to over AED1.116 trillion at the end of January, compared to around AED1.109 trillion at the end of December 2024. At the end of January, demand deposits were distributed as follows: AED834.9 billion in local currency and approximately AED281.5 billion in foreign currencies. Savings deposits reached AED322.281 billion at the end of January, compared to around AED317.48 billion at the end of December 2024. Savings deposits in local currency amounted to approximately AED 270.79 billion, and in foreign currencies, around AED 51.48 billion. Fixed-term deposits reached AED926.22 billion at the end of January, with AED552.47 billion dominated in local currency and AED373.74 billion in foreign currencies. The bulletin showed a monthly increase in the net international reserves of the UAE banking sector, reaching AED1.466 trillion at the end of January, compared to AED1.446 trillion at the end of December 2024.
Hi Dubai
17-03-2025
- Business
- Hi Dubai
UAE Banking Sector Workforce Hits Record 39,000 Amid Strong Financial Growth
The number of employees in UAE banks has surpassed 39,000 for the first time since 2015, reflecting steady sector growth, according to the latest data from the Central Bank of the UAE (CBUAE). The Monthly Statistical Bulletin, Banking and Monetary Statistics - December 2024, released today, reported that the total banking workforce reached 39,046 by the end of 2024, marking a 2.3% increase from 38,168 in 2023. National banks employed 32,590 individuals, while 6,456 worked for foreign banks operating in the UAE. In parallel, the CBUAE reported a 26.63% surge in gold bullion holdings, reaching AED22.981 billion by year-end, up from AED18.147 billion in 2023. The UAE banking sector also saw robust growth in deposits. Demand deposits surpassed AED1.109 trillion, with AED822.42 billion held in local currency. Savings deposits totaled AED317.486 billion, while time deposits amounted to AED945.75 billion, with more than half in local currency. Additionally, the net international reserves of UAE banks exceeded AED1.446 trillion by the end of 2024, compared to AED1.145 trillion in 2023, underscoring the financial sector's resilience and stability. News Source: Emirates News Agency
