Saturday 22 September 2018
 
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UAE banks lead Gulf peers with $748bn in assets

The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per cent compared to the end of 2017, a media repo

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Islamic banking assets hit $1.69trn in Q1: IFSB

With the inclusion of new countries’ data, the total assets of the Islamic banking industry grew to $1,699 billion in the first quarter of 2018 (2018Q1) from $1,573 billion in 2017Q1, marking an increase of 8 per cent, said the Islamic Fin

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UAE bank guarantees reach $106bn in February

Guarantees provided by the UAE-based banks in February  increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current

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UAE Central Bank assets surge to $109bn in 12 months

The total assets of UAE Central Bank rose to Dh398.6 billion ($108.5 billion) in 12 months until February 2018, up by more than Dh33.78 billion. The assets were Dh364.82 billion in the same period last year, said a report. The Cen

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UAE banks' assets hit $734 billion in 2017

The UAE-based banks' total assets surged to Dh2.693 trillion ($734 billion) at the end of 2017 from Dh2.642 trillion by the end of Q3 in the same year, continuing to lead GCC-based banks in terms of assets for the third year running.

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UAE conventional banks' assets hit Dh2.148 trillion

The total assets of conventional banks operating in the UAE amounted to Dh2.148 trillion ($584.73 billion) by the end of November, accounting for around 80 percent of the UAE banking system's total assets, which reached Dh2.687 trillion.

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UAE Islamic banking assets surge 6pc to top $145bn

Assets of Islamic banks operating in the UAE amounted to Dh535 billion ($145.6 billion) by the end of October, around 6 per cent growth since the beginning of the year, accounting for 20.2 per cent of total banking assets in the country, valued

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UAE cbank assets hit $715bn in October

The UAE Central Bank's gross bank assets, including bankers' acceptances amounted to around Dh2.639 trillion ($715 billion) during the month of October against Dh2.643 trillion in September. According to CB statistics rele

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Assets of UAE traditional banks hit $571bn

The assets held by traditional banks operating in the UAE surged to Dh2.103 trillion ($571 billion), accounting for 79.6 per cent of the total assets of the country's banking apparatus until the end of September, a report said.

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Saudi wealth fund eyes $2 trillion AUMs by 2030

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) aims to have at least $2 trillion of assets under management by 2030, said its managing director in his first-ever interview. Speaking exclusively to Bloomber

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