Sunday, May 31, 2020

Transactions: June 2020

Park Hacienda. Image courtesy of JLL Capital MarketsREAD THE DIGEST SALES Property Asset Type Location Buyer Seller Notes/Arranged By Value Date Announced 330 Madison Avenue Office Manhattan Munich Re Abu Dhabi Investment Authority CBRE represented the seller in the...

UAE central bank withdraws liquidity surplus in December

Abu Dhabi –   The Central Bank of the UAE withdrew a liquidity surplus of AED 12.3 billion in December 2018.

The move, which reflects the liquidity surplus at banks operating in the GCC nation, is part of the central bank’s monetary policies to manage the UAE’s markets to prop up the sustainability of the national economy.

By the end of December, the bank’s certificates of deposit reached AED 138.16 billion, compared to AED 125.83 billion a month earlier.

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