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UAE June bank lending growth rises to 8.8 pct y/y
But money supply M3 growth dropped to 1.0 percent, its lowest rate since July 2012, from a revised 2.8 percent. The central bank attributed this to a fall in monetary deposits and government deposits. UAE MONEY SUPPLY END-JUNE 15 END-MAY 15 END-JUNE 14 M1 change yr/yr pct 3.8 6.5 25.0…
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