The UAE's net foreign exchange reserves rose by 22.4 percent to AED 401.84 billion at the end of September, including 325.06 billion dirhams, net reserves at the central bank and 76.77 billion dirhams at banks. While the Central Bank's gold assets declined by 8.6 percent to 1.053 billion dirhams.
In the first nine months of the year, the domestic finance market witnessed a growth of 3.0% to AED 1.496 trillion. The consumer loans and financing sector accounted for the largest share of AED 329.99 billion at the end of September, growing by 1.03% since the beginning of the year. Retail loans for the period were 4.96% to AED 83.96 billion. The real estate sector witnessed a growth of 2.29% (AED 6.854 billion) during the period to reach AED 304.98 billion at the end of September.
Source: (Al Khaleej newspaper, Edited)
