International Reserves in United Arab Emirates
United Arab Emirates - International ReservesActivity seemed to gain momentum in Q3, as an elevated vaccination rate permitted the gradual relaxation of restrictions. The non-oil private sector PMI averaged at the highest level in two years in the quarter, while Dubai’s consumer confidence index hit a 10-year high, indicating robust private consumption. The oil sector also likely performed well: Oil production and prices averaged higher in Q3 than in Q2, with September’s production marking a 17-month high. Heading into Q4, Dubai’s Expo 2020, which began in October, is likely boosting inbound visitor arrivals, aiding the UAE’s important and hard-hit tourism industry. The Expo also forms part of efforts to diversify the economy away from oil, amid the government’s commitment made in October to reach net-zero emissions by 2050. Meanwhile, the federal government recently announced its 2022 budget, with expenditure largely unchanged from last year.
United Arab Emirates - International Reserves Data
|International Reserves (USD)||93.9||85.4||95.4||99.5||108|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates International Reserves Chart
Source: Central Bank of United Arab Emirates.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Dec 31|
|Stock Market||0.1||0.75 %||Jan 07|
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November 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) rose to 55.7 in October from September's 53.3.
October 13, 2021
Consumer prices increased 0.43% in August over the previous month, contrasting July's 0.07% fall.
October 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) came in at 53.3 in September, down from August's 53.8.
September 23, 2021
Consumer prices dropped 0.07% from the previous month in July, swinging from the 0.19% rise logged in June.
September 19, 2021
Consumer prices increased 0.19% from the previous month in June, coming in below the 0.25% increase seen in May.