Thursday 8 June 2023
bank lending

UAE bank lending growth picks up to 8.4pc

Bank lending in the United Arab Emirates (UAE) rose 8.4 per cent from a year earlier in April, speeding up from 8.2 per cent growth in March, central bank data showed on Tuesday. Money supply (M3) growth, however, fell to 6.4 per


UAE money supply growth hits 2-year high

Money supply (M3) in the United Arab Emirates grew 11.3 percent year-on-year at the end of May, the fastest rate since June 2011, after a 9.7 percent rise in the previous month, central bank data showed on Thursday. Bank lending g


Kuwait rate cut unlikely to spur lending

  Kuwait's unexpected 50 basis-point interest rate cut will help reduce borrowing costs for businesses but is not going to be enough to kick-start bank lending without a lasting solution to the country's political crisis.


Qatari bank lending down

Qatari bank lending fell 7 per cent in the first two months of 2009 as credit to the public sector dropped 36 per cent, central bank data showed on Tuesday, in the latest signal Gulf banks are more cautious on new loans. After more than d

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