Friday 19 July 2019
 
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UAE bank deposits outvalue loans by $23bn

Deposits outvalued loans at UAE-based banks by Dh85 billion ($23 billion) during the first 11 months of 2018, a media report said, citing the Central Bank of United Arab Emirates. The Eligible Liquid Assets Ratio rose by the end o

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UAE gross bank assets surge 6pc to $776bn

The UAE gross bank assets amounted to Dh2.854 trillion by the end of November, up 6 per cent from Dh2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released yesterday.   Gr

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China offers $20bn loans to Arab states

Chinese President Xi Jinping has announced that his country will provide Arab states with $20 billion in loans for economic development.   He was delivering a speech at the opening ceremony of the eighth minister

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Saudi approves $227m loan for 12 key projects

Saudi Arabia's Ministry of Finance has approved financing of SR851 million ($227.21 million) for 12 health, educational and hotel projects within the framework of the government loan programme, a Saudi Press Agency report said.

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Saudi approves $227m loan for 12 key projects

Saudi Arabia's Ministry of Finance has approved financing of SR851 million ($227.21 million) for 12 health, educational and hotel projects within the framework of the government loan programme, a Saudi Press Agency report said.

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$8.1bn housing loans distributed under Zayed Programme

The UAE government has disbursed housing assistance and loans worth Dh30 billion ($8.16 billion) under the Sheikh Zayed Housing Programme since its establishment in 1999, said a report. So far, 30,000 homes have been built under t

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Abu Dhabi banks post $2.45bn income in Q2

The net income of Abu Dhabi-based commercial banks amounted to Dh9 billion ($2.45 billion) during Q2 2017, a growth of 4.1 per cent from Dh8.64 billion during the corresponding period in 2016. Net interest income amounted to Dh5.2

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UAE approves $182m housing loans

The UAE government is offering housing loans worth Dh670 million ($182 million) to 1,080 beneficiaries in the northern emirate of Umm Al Qaiwain under the Sheikh Zayed Housing Programme, said a report. The loan was approved by the

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Dubai Airports seeks $1bn funding for airport expansion

Dubai Airports is looking to raise $1 billion in funds for the expansion of its second airport, a report said. The government-owned airport operator is talking to banks about the export-credit agency-backed fundraising, which is l

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UAE personal loans increase to $95.27bn in Feb

The total volume of personal loans in the UAE increased to Dh349.9 billion ($95.27 billion) in February 2017, according to a UAE Central Bank report issued on Tuesday. The figure is an increase of 3 percent over January’s total loans.

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