UAE’s gold reserves surge nearly 26% in 2025 amid robust banking sector growth
Friday, 22 August 2025 ()
The UAE increased its gold reserves by 26% in the first five months of 2025, reaching AED 28.93 billion. Alongside this, demand, savings, and time deposits saw significant growth, with time deposits surpassing AED 1 trillion. Total banking assets rose to AED 4.75 trillion, reflecting strong credit demand and rising non-resident deposits despite global gold price fluctuations.
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