UAE’s credit growth turns positive, but credit demand remains weak | GulfNews.com:
"The UAE’s total banking sector credit returned to positive monthly growth in July, reaching 0.2 per cent month on month after a contraction of 0.5 per cent in the previous month, according to UAE Central Bank data.
Modest monthly improvement credit offtake saw the annual credit growth rate ticking up to 3.5 per cent year on year from 3.1 per cent in June.
The domestic loan growth expanded by 0.3 per cent last month as all domestic sectors saw a monthly rise in loan growth, with the government sector seeing the strongest increase."
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