Term, savings deposits amount to AED768.3 billion in September
Central Bank UAE
Abu Dhabi - Arab Today
Term and savings deposits in both local and foreign currency in the UAE banks increased by around AED16 billion in September, amounting to a total of AED768.3 billion against AED752.3 billion in August, according to Central Bank figures.
Banking sectors analysts surveyed by WAM said the attractive interest rates provided by UAE banks have contributed to boosting saving sentiments among investors since the beginning of the year. Investors have found in deposits a safe haven for their businesses in comparison with other volatile investment vehicles, including trading.
The UAE Central Bank raised deposit interest rate to 1.5 percent following the US Federal Reserve's second interest hike in June.
Term and savings deposits amounted to AED751.4 billion by the end of 2016 and continued their rising streak during January 2017, slightly dropping during the following months, before rebounding in September to AED786.3 billion.
- Friday ,14 September GMT 22:49 2018 Tunisian President awards outgoing UAE Ambassador "First Class Order"
GMT 19:20 2018 Thursday ,04 October
Jordan Kingdom thanks GCC states for financial aid "Al-Maashar"GMT 11:21 2018 Friday ,21 September
President Khalifa appoints UAE ambassadors to foreign countriesGMT 05:23 2018 Thursday ,20 September
UAE, Bahrain discuss bilateral tiesGMT 19:41 2018 Sunday ,16 September
UAE Cabinet approves new rule for retired expatsGMT 22:49 2018 Friday ,14 September
Tunisian President awards outgoing UAE Ambassador "First Class Order"
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 23:16 2017 Sunday ,09 July
South Sudan soldiers kill, rape, torture civilians: UN
GMT 04:23 2017 Tuesday ,05 December
Lebanon's Hariri to fly to Paris within 48 hours, sources say
GMT 03:55 2017 Wednesday ,09 August
Turkish PM due on North Africa Tour on June 3
GMT 14:23 2017 Monday ,13 February
Gunmen kidnap Colombian nun in southern Mali
GMT 21:47 2017 Wednesday ,25 October
UAE becomes member of IPU's Human Rights Committee
GMT 13:29 2017 Friday ,27 January
Ikea buys Canada wind farm to offset carbon footprint
GMT 04:36 2016 Friday ,30 December
Banque Misr signs cooperation protocol with IDA
GMT 19:47 2017 Tuesday ,11 July
ISIS announced the death of it Caliph Baghdadi
GMT 19:54 2017 Monday ,09 October
Zamalek’s head blames Cuper for performance
GMT 13:10 2018 Thursday ,18 October
Sakani program to add 11,000 homes in Jeddah
GMT 22:04 2018 Saturday ,20 January
Session of Sudanese - Ethiopian Talks Held in Khartoum
GMT 23:39 2017 Saturday ,16 December
AED28.8 billion of profit secured by UAE banks in nine months
GMT 15:19 2017 Saturday ,29 July
Tesla begins delivering 'Model 3' car for the masses
GMT 07:29 2017 Wednesday ,03 May
Libya PM in rare meeting with rival strongman
GMT 19:34 2017 Friday ,31 March
Syrian opposition rejects ‘any role’ for Al Assad
GMT 20:58 2017 Wednesday ,08 November
UAE’s timely help to wounded Somalis
GMT 20:37 2017 Thursday ,24 August
Neymar, PSG steeled for 'first big test'
GMT 23:05 2017 Friday ,24 February
Revenge of the rats
GMT 15:05 2017 Tuesday ,05 September
Georgia seeks Saakashvili's extradition from Ukraine
GMT 19:23 2017 Saturday ,20 May
Trump visit proof of US commitment to Muslim nations
GMT 08:19 2016 Tuesday ,08 November
Saudi government: Pay money it owes private firms
GMT 14:28 2017 Tuesday ,11 July
Ragheb Allama denies participation in “The Voice”
GMT 10:17 2017 Thursday ,02 March
Merkel to conduct her first visit to Egypt in eight years
GMT 22:56 2017 Tuesday ,02 May
Dubai govt set to issue its last paper transaction in 2021
GMT 12:24 2017 Saturday ,15 July
US defense chief rejects targeting Kadhafi
GMT 10:51 2017 Friday ,29 September
AlAlaily: Cinema is currently better than before
GMT 03:35 2017 Sunday ,11 June
Grande soars up chart after ‘One Love’ event
GMT 10:45 2017 Wednesday ,26 April
Iraqi forces launched operation to cleanse Mutaibija
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor