“Arab Monetary”: The UAE acquires the largest share of the assets of Arab banks

Abu Dhabi on August 18, the Arab Monetary Fund said that the assets of the Arab banking sector exceeded the $4 trillion barrier at the end of last year 2021, which represents 136 percent of the gross domestic product of all Arab countries. The Fund added, in the annual report on financial stability in the Arab countries for the year 2022, that the assets of the banking sector in the Arab countries reached 4 trillion and 31 billion dollars at the end of last year, a growth of 5%, compared to 3 trillion and 840 billion dollars at the end of 2020, reflecting The confidence of customers and the market in the banking sector despite the great challenges imposed by the “Covid-19” pandemic.