UAE - Mubasher: The national banks in the UAE have invested around AED 22 billion in the local market during January 2021, the Emirates News Agency (WAM) reported.
The investments of UAE banks in the local market are part of their strategic plans to raise their income and diversify their investment portfolios, according to cited data by the Central Bank of the UAE (CBUAE).
The UAE banks' cumulative balance of domestic investments rose to AED 200.6 billion in January 2021, compared to AED 178.6 billion in December 2020.
Meanwhile, the national banks' domestic investments accounted for around 93.8% of the total investments of the UAE banking system in the local market.
