Central Bank pumps AED11.3 billion in liquidity in June
Central Bank
Abu Dhabi - Wam
A total of AED11.3 billion in cash was pumped by the UAE Central Banks through banks operating in the country during June, which accounts for 35.7 percent of AED31.6 billion in total funds provided by the bank throughout 2016. The move reflects the rising demand for credit in the market.
Within this context, certificates of deposit comprised AED102.8 billion of the total liquidity provided in June against AED114.1 billion in May, according to recent figures released by the bank.
Banking experts attributed the increase in cash provided by the Central Bank to the spiralling demand for credit in the market.
According to the bank's statistics, the volume of funds pumped during Q1 2017 hit AED7.01 billion while the two months of April and May saw a re-withdrawal of cash surplus before the Central Bank pumped back more liquidity.
Certificates of deposit represent one of the bank's vehicles to manage liquidity in addition to other tools, including setting a compulsory surplus level, dollar barters, advance cash and overdraft facilities.
Source: Wam
GMT 22:49 2018 Tuesday ,23 January
Sharjah apartment rents see steep decline in 2017GMT 22:27 2018 Monday ,22 January
Jafza bridge benefits trade, logistics supply chainGMT 20:19 2018 Friday ,12 January
VAT in UAE: Ministry of Finance explains designated free zonesGMT 13:41 2017 Tuesday ,28 November
Crescent Enterprises Venture Capital enters MedTech SectorGMT 12:36 2017 Tuesday ,28 November
Value of UAE construction projects exceeds AED3 trillion
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 03:10 2017 Saturday ,18 March
Urges UN chief to avert 'looming dam catastrophe'
GMT 10:52 2018 Monday ,22 January
Bahrain participates in OIC Foreign Ministers emergency meeting
GMT 22:48 2017 Monday ,27 November
Aoun holds talks on government's future
GMT 20:54 2017 Monday ,20 March
6 killed, injured in shooting in North DarfurGMT 06:58 2012 Wednesday ,05 September
Asser Yassin to media: take \'Arabstoday\' as your model
GMT 04:38 2018 Saturday ,20 January
US to overtake Saudi as crude oil producer: IEA
GMT 23:58 2017 Wednesday ,12 July
Al Hussein Technical University hosts TOT workshop
GMT 07:42 2017 Friday ,29 December
Kohli set for biggest cricket year as Afghanistan make Test bow
GMT 20:58 2017 Tuesday ,30 May
Saudi prince, Putin discuss Syria
GMT 12:19 2017 Wednesday ,08 March
Eylure & Cheryl launch new styles
GMT 09:21 2017 Wednesday ,02 August
Tunisian MP praises approving woman lawGMT 05:55 2012 Friday ,06 July
Dina to Arabstoday: Belly dancers are not the same!
GMT 23:53 2016 Friday ,15 April
Demand soars for Rio 2016 football tickets
GMT 01:14 2013 Tuesday ,18 June
China supercomputer takes the global computing crown
GMT 10:18 2017 Thursday ,14 September
Six deaths at Florida nursing home without power
GMT 13:32 2017 Wednesday ,15 March
Foreign Minister Meets South African International Relations Minister
GMT 10:04 2017 Saturday ,18 March
UN chief wants report on ‘apartheid’ Israel taken off web
GMT 14:08 2011 Thursday ,09 June
Argos owner hit by sales slump
GMT 23:47 2017 Thursday ,09 February
Samir Karzabi creates Algerian designs for fashion
GMT 14:18 2017 Saturday ,29 July
Neymar fights with teammate in training as Chinese event cancelled
GMT 21:20 2017 Sunday ,31 December
February20th-March20th
GMT 07:06 2017 Friday ,22 December
European stocks struggle as US tax cut euphoria wanes
GMT 04:41 2017 Wednesday ,22 March
Apple drives further into Facebook, Snap territory with video app
GMT 00:36 2017 Thursday ,26 October
Kobe Steel wins respite but future remains uncertain
GMT 15:09 2016 Thursday ,24 November
Tokyo has November snow for first time in 54 years
GMT 04:06 2017 Thursday ,23 March
Piracy will never be defeated, TV executive says
GMT 01:14 2017 Friday ,06 October
Oil falls more than 2% on signs of higher output
GMT 23:06 2017 Sunday ,12 November
'Proud' Windsor named as first indigenous Aussie
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