AED & USD - Markets & outlook
United Arab Emirates dirham - AED:
Recent developments influencing the UAE Dirham (AED):
- Bank Profit Decline: Emirates NBD reported a 9% drop in net profit for H1 2025, attributed to reduced recoveries and a new higher tax rate. (reuters.com)
- Remittance Surge: Al Ansari Exchange noted increased remittances to India as the Indian rupee nears record lows against the AED. (gulfnews.com)
- Geopolitical Tensions: US military actions in Iran have led to fluctuations in regional currencies, including the Indian rupee, affecting AED exchange rates. (gulfnews.com)
- Oil Price Volatility: Global oil price fluctuations continue to impact the AED, given the UAE's reliance on oil exports. (bestexchangerates.com)
- Economic Diversification: The UAE's focus on non-oil sectors is expected to contribute to GDP growth, potentially strengthening the AED. (arynews.tv)
These factors collectively influence the AED's exchange rate dynamics.