UAE’s net investments in non-financial assets up at Dhs32.2 billion in H1

UAE’s net investments in non-financial assets up at Dhs32.2 billion in H1

UAE's net investments in non-financial assets up at Dhs32.2 billion in H1

3 hours ago

Traders work on the floor of the Abu Dhabi Stock Exchange.

Net investment by the federal government and local governments in non-financial assets rose to Dhs32.2 billion in the first half of 2020, an increase of 40 per cent as compared with same period in 2019, according to figures issued by the Ministry of Finance.

Statistics showed that net investment stood at Dhs12.1 billion in the first quarter of 2020 and surged to Dhs20.1 billion in the second quarter of the year, a 65.7 per cent increase as compared with the first quarter 2019.

The total value of fund transfers among the UAE's banks amounted to Dhs6.307 trillion during the first eight months of 2020, according to