UAE money supply growth hits 2-year high
Dubai, June 27, 2013
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 growth in the world's No. 3 oil exporter edged up to 5.2 percent year-on-year in May from 4.7 percent in April, which was the fastest rate since at least early 2010, the data also showed. – Reuters