Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Aggregate money supply in UAE up 3.8% to Dh62.8b in Oct 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 11/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The money supply aggregate M1 (currency in circulation plus monetary deposits, i.e., current accounts and call accounts at banks), increased by two per cent, from Dh354.4 billion at the end of September 2013 to Dh361.5 billion at the end of October of the same year



The money supply aggregate M2, which is comprised of M1 and quasi-monetary deposits (resident time and savings deposits in dirhams, commercial prepayments in dirhams and resident deposits in foreign currencies), increased by 5.1 per cent from Dh955.0 billion at the end of September 2013 to Dh1,003.5 billion at the end of October of the same year. The money supply aggregate M3 (M2 plus government deposits at banks operating in the UAE as well as at the Central Bank) increased by two per cent from Dh1,199.6 billion at the end of September 2013 to Dh1,223.1 billion at the end of October of the same year



Total bank deposits increased by 1.2 per cent during the month of October 2013, reaching Dh1,285.1 billion, as a result of an increase in resident deposits by two per cent, while total bank loans and advances (net of provisions and interest in suspense) decreased by 1.7 per cent to reach Dh1,157.8 billion, and total bank assets increased by 4.1 per cent to reach Dh1,986.6 billion, at the end of October 2013. During the first ten months of 2013, the monetary aggregate M2 increased by 16.4 per cent, while bank loans and advances increased by 5.3 per cent and total bank deposits increased by 10 per cent, as a result of an increase in resident deposits by 13. per cent

 


Khaleej Times




  MENA News Headlines
 Sep 4 2015 - UAE spa tourism set for USD411m earnings in 2015MENAFN
(MENAFN) The UAE has taken the first place among Arab countries in terms of spa tourism, with visitor numbers set to double by the next two years.MENA region is the second fastest-growing market in ...

 Sep 4 2015 - Key Arab countries' USD367b of GDP faces threatMENAFN
(MENAFN) Lloyd, a specialist insurance market, has a recent research showing that the economic development for Middle East's key countries which sets at USD367 billion of GDP is at serious risk over ...

 Sep 4 2015 - Boeing joins forces with KSA to develop infrastructureMENAFN
(MENAFN) Boeing, the US aerospace giant which is worth more than USD90 billion, has partnered with Saudi kingdom to build local capabilities in aviation and defense sectors.The firm has teamed up ...

 Sep 4 2015 - Lights out for movie houses in Libya's 'Mermaid of Med'AFP
(MENAFN - AFP) The Libyan capital once boasted grand movie houses that packed in smartly dressed couples for a special night out, but how times have changed. Today, the sole major cinema left in ...

 Sep 4 2015 - Qatar shares end lower as index drops 38.75 pointsGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange (QSE) index dropped 38.75 points or -0.34% on Thursday when it closed at 11,347.15 points.The market capitalisation declined to QR 598.911bn from QR ...

 Sep 4 2015 - UAE- Gulf bourses consolidate as global markets steady Dubai surges 1.6%Gulf Times
(MENAFN - Gulf Times) Gulf stock markets consolidated yesterday after oil prices and global equities steadied, while Egypt jumped on strong economic data and corporate news.Oil moved little yesterday ...

 Sep 4 2015 - UAE Business Council set up in New DelhiGulf Times
(MENAFN - Gulf Times) Sheikh Abdulla bin Zayed al-Nahyan, UAE Minister for Foreign Affairs along with Sushma Swaraj, India's External Affairs Minister after the inauguration of UAE Business Council ...

 Sep 4 2015 - UAE- Jewellery group seeks time to repay debtsGulf Times
(MENAFN - Gulf Times) A Dubai-based gold and jewellery retailer that defaulted on loans worth about 500mn dirhams ($136mn) has asked banks for time to put together a repayment plan, the company said ...

 Sep 4 2015 - French judges drop probe into Arafat's deathGulf Times
(MENAFN - Gulf Times) French judges investigating claims that Palestinian leader Yasser Arafat was murdered have closed the case without bringing any charges, a prosecutor said yesterday. "At the ...

 Sep 4 2015 - Russia delays UN probe of Syria chemical attacksGulf Times
(MENAFN - Gulf Times) Russia said yesterday it was considering details of how to establish a UN team to investigate chemical weapons attacks in Syria, holding up final Security Council approval to ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help