His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE, revealed that the UAE will achieve remarkable economic growth of 3.9 percent in 2024, thanks to the strong performance of the non-oil sectors.
He explained that “the banking sector has achieved record levels of total assets exceeding AED 4 trillion and 560 billion, placing the UAE at the forefront of the Middle East in this field." The country also strengthened the resilience of its financial system by improving capital and asset quality indicators and enhancing banks' ability to meet global economic challenges. In the context of achieving the goals of the Climate Neutrality Strategy 2050, the Central Bank has directed financial institutions to adopt green economy policies and develop innovative systems to enhance resilience to environmental risks, thus contributing to building a sustainable economy.”
Source (Al-Khaleej Emirati Newspaper, Edited)
