Bank deposits in the UAE picked up last month as regional unrest bolstered the financial system's safe haven status.
Deposits advanced 2.1 per cent to Dh1.07trillion (US$293.7bn) compared with the previous month, according to the latest Central Bank data.
"This is compatible with the idea of regional unrest having an impact, although there are other potential reasons behind the rise," said a banking analyst based in Dubai, who asked to remain anonymous.
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