Saudi Press

Saudi Arabia and the world
Wednesday, Jul 30, 2025

UAE banks’ investments hit 13-month high in November

UAE banks’ investments hit 13-month high in November

UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13 months, according to the Central Bank of the UAE.
The CBUAE’s statistics also showed an annual increase of 7.7 percent, equivalent to 36.6 billion dirhams, reaching a total of 511 billion dirhams at the end of November, compared to 474.5 billion dirhams in November 2021.

According to the figures, securities that are debts to third parties, or bonds, accounted for the largest share of banks’ investments by more than 49.1 percent, reaching 250.9 billion dirhams at the end of November, an increase of 4.5 percent on a monthly basis, compared to 240.1 billion dirhams in the previous year.

The share of banks’ investments in securities held to maturity amounted to some 39.3 percent of total investments, reaching 200.8 billion dirhams at the end of November 2022.

This was an annual increase of 76 percent compared to 114 billion dirhams in November 2021, and a monthly increase of some 2.9 percent compared to 195.1 billion dirhams in October 2022.

The banks’ investments in stocks totaled 12.2 billion dirhams in November 2022, a monthly increase of around 4.3 percent, compared to some 11.7 billion dirhams in October 2022. It also decreased on an annual basis by around 12.9 percent.

The statistics also showed that the other banks’ investments totaled 47.2 billion dirhams at the end of last November.

This was an annual increase of 4.7 percent, compared to 45.1 billion dirhams in November 2021, and a monthly increase of 0.85 percent, compared to 46.8 billion dirhams in October 2022, as well as an increase of 10.8 percent over the first 11 months of 2022, compared to about 42.6 billion dirhams in December 2021.

ADX listings

The Abu Dhabi stock exchange expects an increase in listings this year, even as global economies grapple with high inflation and rising interest rates, its chairman said.

“We have a healthy pipeline of IPOs and listings with aspirations to surpass 2022. There will always be challenges, but also opportunities,” Hisham Khalid Malak, chairman of the Abu Dhabi Securities Exchange told Reuters on Wednesday.

The global picture is “starting to look better than expected, with a soft landing now forecast in the United States,” he said, adding that “Europe is also starting to look better and China is opening up.”

Acquisition

UAE conglomerate International Holding Company is considering bidding for Indian billionaire Gautam Adani-led Adani Enterprises’ 200 billion rupee ($2.45 billion) follow-on sale of shares that began on Wednesday, the company’s spokesman said.

“IHC is considering the opportunity of bidding for stock purchase in the Adani Enterprise FPO (follow-on public offer); however, should anything materialize, IHC will inform the market as per the governance rules and regulations,” IHC spokesman Ahmad Ibrahim told Reuters.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
×