By the end of September, the value of financing to retail companies reached AED50.4 billion ($13.7 billion), up by 5.4 percent or AED2.6 billion compared to the end of December 2018.
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It added that financing the retail sector accounts for around 32 percent of the total received by the country’s commercial sector from January to September 2019, totalling AED157 billion.
Statistics from the Central Bank of the UAE also showed that financing provided to the retail sector saw its highest surge in the third quarter.
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