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The two countries agreed to develop economic partnership
Since 1990, only 34 middle-income economies have managed to become high-income
The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs
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 G20 DRRWG meeting focused on the critical importance of financing for resilient infrastructure and early disaster risk warnings
Data showed that the bank's net foreign assets in June were around SAR1.670 trillion
Saudi Arabia's GDP contracted by 0.4 percent annually primarily driven by the 8.5 percent annual decline in oil activities
The agreement aims to liberate trade between both countries, empower women in commerce
The launch reflects the UAE's vision to establish itself as a global AI hub
Gold price averaged $2,338/oz, 18 percent higher year-on-year, reaching a record of $2,427/oz during the quarter
The decision follows a positive economic assessment since the program's launch in December 2022
The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships
During H1, the chamber trained 243 Emiratis as part of the 'Create Apps in Dubai' initiative
This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy
In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019
International overnight visitors rose 9 percent compared to H1 2023
The UAE and India are among the fastest growing economies, with the UAE’s non-oil GDP growing by 6.2 percent in 2023
The report noted strong performance in the fuel and tourism sectors
Egypt's inflation to average around 25 percent in H2 of 2024, down from 31 percent in H1
The country’s growth is projected at 4 percent for FY 2024/2025
Chamber supported the expansion of 34 local companies into new global markets through its international offices
Through renewable energy, green hydrogen, and engineering initiatives
Agreement supports the UAE’s efforts to enhance financial awareness amongst Emiratis in federal, government and private sector entities
