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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Liquid assets up to Dh486.58 bn in Q1’21: UAE Central Bank

    • The steady growth in liquidity is a new sign of the gradual economic recovery

    • Liquid assets accounted for 15.9 percent of the total assets by the end of the reference quarter

    Liquid assets held by UAE-based banks increased 2.6 percent to Dh486.58 billion ($132.48 billion) in first quarter (Q1’21) from AED474.136 bn ($129.09 bn)  in the last quarter of last year, according to the UAE Central Bank’s Core Financial Soundness Indicators report, released Monday.

    The steady growth in liquidity is yet a new sign of the gradual economic recovery underway across all sectors, primarily the retail and commercial platforms, despite the economic fallout from the pandemic.

    Liquid assets accounted for 15.9 percent of the total assets by the end of the reference quarter, according to the report.

    Liquid assets consist of eligible liquid assets (cash in hand, banks’ liquid assets at the Central Bank and eligible bonds/ sukuks as prescribed by CBUAE regulation) interbank placements; and interbank lending covered by repurchase agreements per the FSI Compilation Guide issued by IMF. Total assets are net off specific provisions.