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The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
The previous two editions generated AED121 billion ($33 billion) worth of local procurement opportunities
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Lebanon's banking sector continues to struggle with providing credit to the economy
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
In 2023, the UAE's economy grew by 3.6 percent, in line with the bank's forecasts
Qatar's CPI data reveals that five main groups of consumer goods witnessed a monthly and annual increase
United States retained the top spot on the Commodity Trade Index with a score of 59 percent
The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
Qatar's medium-term outlook is more favorable with the IMF expecting growth to reach close to 4.5 percent
DWTC hosted 76 events with 1.54 million attendees, 46 percent international
UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease
The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors
The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors
MENA e-commerce market to grow to AED183.6 billion by 2028
Around 2,300 participants including 1,300 influential international leaders convened to discuss global challenges and opportunities
Total unemployment across Egypt declined 2.5 percent compared to the previous quarter
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
