In light of growing global risks and difficulties, the Central Bank of the United Arab Emirates (CBUAE) has released its 2024 Financial Stability Report, which contains a thorough evaluation of the stability of the financial system and financial trends across sectors.
In addition to enhanced asset quality and sustained growth, the research confirmed the stability of the UAE banking industry, which is bolstered by healthy capital and liquidity buffers. Strong economic foundations, responsible policies, and efficient risk management have kept the nation’s financial stability risks largely confined and unaltered.
With an emphasis on resilience factors and new risks, the paper examines financial market circumstances, sectoral performance, local and international macroeconomic trends, and regulatory changes.
In order to strengthen the UAE’s standing as a major international financial center, it also emphasizes the CBUAE’s dedication to encouraging proactive risk monitoring, innovation, and transparency; bolstering the resilience of the economic system; and working with both domestic and foreign partners.
The nation’s economic resilience was strengthened in part by the banking system’s excellent performance. Due to increasing momentum in the non-oil sector, which is a major driver of economic diversification, the UAE’s real GDP increased by 4% in 2024.
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