Cash flow increases by AED5.1 billion in H1
The cash flow circulating on the UAE market
Abu Dhabi - Wam
The cash flow circulating on the UAE market by UAE nationals and residents, including individuals and corporations alike, gained AED5.1 billion during H1 2017, bringing to AED67.4 billion the money supply circulating outside the banking sector by the end of June, according to UAE Central Bank statistics.
On a YOY basis, the liquidity available outside banks increased 4.7 percent from June 2016 through June 2017, translating a growing demand for cash to meet basic needs.
An analysis conducted by WAM showed that the monthly level of money supply outside banks significantly increased by the end of 2016 until March 2017 from AED62.3 billion to AED65.4 billion.
From April through May 2017, the cash flow was up by AED2 billion, from AED65.2 billion to AED67.2 billion, and kept its rising streak to hit AED67.4 billion by the end of June.
According to UAE Central Bank statistics, the outside-bank liquidity accounted for 13.3 percent of the money supply by end of June.
Source: Wam
GMT 19:15 2018 Tuesday ,23 January
Emirati fined Dh2.2m for embezzling public fundsGMT 20:34 2018 Saturday ,13 January
S&P affirms Abu Dhabi credit rating as stable on strong asset positionGMT 21:55 2018 Sunday ,07 January
UAE workers buy in bulk to beat VAT as small purchases prove too costlyGMT 14:05 2018 Friday ,05 January
VAT in UAE: Abu Dhabi shops can round low-cost items by up to 20 filsGMT 13:26 2017 Sunday ,10 December
Maqta Gateway signs co-operation agreement with Chinese LOGINK
- Saturday ,13 January GMT 20:34 2018 S&P affirms Abu Dhabi credit rating as stable on strong asset position
- Sunday ,07 January GMT 21:55 2018 UAE workers buy in bulk to beat VAT as small purchases prove too costly
- Friday ,05 January GMT 14:05 2018 VAT in UAE: Abu Dhabi shops can round low-cost items by up to 20 fils
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 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master planGMT 10:51 2011 Friday ,18 November
Experts advise on managing climate change aid
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 03:01 2016 Wednesday ,08 June
Space feat opens 'new window'
GMT 09:10 2017 Monday ,15 May
President el-Sisi praises UAE's development support to Egypt
GMT 02:21 2016 Monday ,26 December
Head of ERTU news sector: Aljazeera correspondent works
GMT 11:53 2017 Saturday ,27 May
Scholars arrive in UAE for Ramadan lectures
GMT 19:32 2017 Friday ,10 February
Partly cloudy, no change in temperatures
GMT 19:55 2018 Sunday ,14 January
Hamas says will not attend Palestinian meeting over Jerusalem
GMT 21:54 2017 Monday ,16 October
Daimler recalls million-plus vehicles over airbag problems
GMT 18:25 2017 Thursday ,24 August
Mohamed Amseef happy for joining team
GMT 09:36 2017 Thursday ,07 December
Heidy Karam’s contract to present talk show closeGMT 12:56 2011 Sunday ,18 September
Talal Hamieh appointed new Hezbollah military leader
GMT 05:13 2016 Wednesday ,19 October
YouTube signs up ‘The Rock’ for new channelGMT 15:34 2011 Friday ,18 November
UN :Climate change key driver of extreme weather
GMT 04:07 2016 Tuesday ,06 September
G20 leaders agree to further int'l financial institution reform: Xi
GMT 19:47 2017 Monday ,23 October
Arab Diplomatic Group presents talk on women
GMT 16:54 2016 Saturday ,16 April
NCMS forecast sporadic rainfall in western Abu Dhabi, rough seas
GMT 21:08 2016 Monday ,28 November
Vietnam Reports 93 Zika Cases so Far
GMT 21:09 2017 Sunday ,29 January
Mohammed bin Rashid performs funeral prayerGMT 07:32 2013 Wednesday ,22 May
AFP journalist is set freeGMT 14:16 2013 Tuesday ,09 April
Egyptian satirist released on bail
GMT 15:18 2017 Thursday ,08 June
UAE Weather: Residents can expect high temperature, blowing dust
GMT 07:31 2017 Thursday ,16 February
Suicide Bombing Kills 13 in Peshawar, Pakistan
GMT 07:39 2017 Saturday ,09 September
Bahraini students warned to leave Florida
GMT 03:03 2017 Thursday ,27 July
Terror group investigations completed
GMT 21:01 2016 Saturday ,27 August
Confucius Institute contributes to Malagasy youth education, employment
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor