ABU DHABI, Feb. 9 (Xinhua) -- Banking assets in the United Arab Emirates (UAE) recorded strong growth in 2025, reaching about 5.34 trillion dirhams (about 1.45 trillion U.S. dollars), up from around 4.56 trillion dirhams at the end of 2024, the UAE Central Bank announced in a report on Monday.
According to the report, total bank credit rose to approximately 2.57 trillion dirhams in 2025 from about 2.18 trillion dirhams at the end of 2024, an annual increase of nearly 390 billion dirhams. The growth was supported by higher foreign currency lending as well as expanded domestic credit to the private sector, government-related entities, and other financial institutions.
Also in 2025, the UAE's industrial exports reached 262 billion dirhams, up 25 percent from 2024, the Ministry of Industry and Advanced Technology announced on Monday, marking the first time the figure has surpassed the 260-billion-dirham mark.
Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, emphasized that a strong industrial base is the backbone of any competitive national economy.
The UAE has emerged as the regional leader in industrial exports and aims to strengthen its position as a global hub for advanced industries, he noted. ■
