ABU DHABI / WAM Non-resident deposits acr-oss UAE’s banking system reported solid growth during first nine months of ye-ar, with their growth outst- ripping retail loans provided to non-residents by AED63 billion by end of Q3. The expansion in banks’ holdings of deposits corroborates investor confidence in the UAE banking sector, reckoned the first in the region in terms of ...

Emirates Business Emirates NBD Purchasing Managers’ Index (PMI) — a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy — released its October data. Non-oil private sector companies in the UAE reported another sharp increase in new business during October. Anecdotal evidence suggested that promotional activity was partly linked to the improvement. ...

ABU DHABI / WAM The results of the General Index on Consumer Confidence in Abu Dhabi’s economic performance in Q2, issued by the Department of Economic Development — Abu Dhabi, showed a considerable improvement in confidence and optimism levels among consumers in Abu Dhabi. The confidence represent one of the key enablers supporting busin- ess environment and economic performance.