Government bank guarantees cross AED 286 billion

Government bank guarantees cross AED 286 billion

Government deposits in the UAE-based banks have hit an all-time high.

According to the Central Bank of the UAE, the total value of guarantees crossed AED 286 billion at the end of September.

That’s AED 74 billion more than last year.

The growth is attributed to rising oil prices, which grew by 35 per cent.


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