ABU DHABI / WAM The Central Bank announced that the Money Supply aggregate M1 increased by 0.04%, from AED472.4 billion at the end of October 2016 to AED472.6 billion at the end of November 2016. In its statement, the bank announced that the Money Supply aggregate M2 increased by 0.8%, from AED1203.3 billion at the end of October 2016 …

  ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), ranked second in UAE foreign aid contributions, according to the report titled ‘UAE’s Foreign Aid in 2015’ by the Ministry of Foreign Affairs and International Cooperation (MoFAIC). ADFD’s expenditure amounts to AED2.70 billion (US$736.73 million), whereas government aid, ranked first with 86.1% market share of total aid spent; AED27.84 …

  Dubai / WAM The Emirates Development Bank (EDB) approved an estimated budget of AED1.5 billion for 2017 to finance housing loans for Emirati citizens and to help establish small and medium enterprises (SMEs). The decision was taken during the EDB’s 10th board meeting in Abu Dhabi on Sunday. The budget allocates AED750 million for housing loans for Emirati citizens …