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The operating environment score for the sector has been rated 'bbb+'
Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market
This represents 31 percent increase YoY
Expenditure amounted to $61.25 billion, with a budget deficit of 3.6 percent
The aggregate amount of royalty payable by the e& group in the first half of 2024 reached $748.43 million
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
The company earned $116.52 million in profit before tax, a 6.3 percent increase from the same period in 2023
In April 2024, CBUAE's gold reserves reached $5.54 billion
The start of Q3 saw both output and new orders expand to a lesser degree
Challenges remain in education, housing, and hotels
Total foreign assets of both the CBE and commercial banks reached EGP3.634 trillion in June
The value of cheques cleared using the ICCS reached AED544.4 billion, distributed over 9.33 million cheques during the first five months of 2024
App's new trading options include market price, limit price, same-day trading, margin trading, short selling and conditional alerts
The Group's top-line growth contributed to a 9 percent YoY surge in EBITDA, which reached $243.94 million
Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion
Central bank issued an addition to an existing issue worth QAR500 million for a period of 28 days at an interest rate of 5.7954
The two countries agreed to develop economic partnership
Net profit from operations also surged to $1.38 billion, marking a 92 percent year-on-year increase
The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
The UAE and Saudi Arabia reported 94 deals, accounting for 61 percent of the overall domestic M&A deal volume
The Federal Open Market Committee also noted that job gains have moderated
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
Higher sales and cost efficiencies drove the company's highest-ever production volumes
