In its UAE Monetary, Banking, and Financial Markets Developments Report for Q1, which provides insights into the monetary and banking activities, the Central Bank of UAE said its foreign assets increased by 8.8 percent to reach $146.3 billion.
Foreign assets up 0.41% to $116bn in October 2022
The latest statistics of the Central Bank attributed the monthly increase in foreign assets to the rise in bank balances with banks abroad by 2.2 percent.
Foreign assets of Gulf central banks rise post Covid
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic.Foreign assets up to bn $106 bn: UAE Central Bank
Abu Dhabi’s quarterly average Financial Market Index rose by 17% in Q1 Dubai’s quarterly average Financial Market Index showed a growth of 9.2% The foreign assets held by the Central Bank of the United Arab Emirates (CBUAE) increased to AED392.4 billion ($106 bn) by the end of the first quarter...
