Investors in the United Arab Emirates are continuing to bring their funds back from abroad and invest them in the country's financial system, despite the current regional uncertainty.
Citing Central Bank figures which revealed that deposits with the UAE's 47 commercial banks increased by Dh15.5 billion ($4.2 billion) to Dh198.3 billion ($54 billion) from January to September last year, the Gulf News Online news service suggested that the increase is in part due to greater investor confidence in domestic banks, reluctance to invest overseas following recent market upheavals, and expanded investment opportunities in the UAE.
'There is a steady increase in domestic liquidity and this points to a return of funds abroad despite regional tension and low interest rates on deposits,' Ziad Dabbas, share dealing director at the National Bank of Abu Dhabi explained.
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