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UAE banks’ gross assets surge to more than $1trln

UAE banks’ gross assets jumped by 10.7% to more than AED3.9 trillion ($1.062 trillion) at the end of August 2023, compared to the previous year, the Central Bank of the UAE revealed. The gross assets, which also include bankers’ acceptances, posted a 0.5% increase compared to AED3.8 trillion recorded at…

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