Economy
The agreements aim to promote private sector involvement in the country's economic growth
Non-oil trade between the UAE and Chile amounted to $305.1 million in 2023
The country achieved its most rapid economic growth in more than two years
Kenya has the largest economy in East Africa and is projected to grow at 5-6 percent in 2024
Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries
The IMF aims to boost its involvement with regional institutions, governments, and stakeholders by setting up this office
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates
In 2023, non-oil bilateral trade between the UAE and Ecuador reached $675 million
Qatar's Amir Sheikh Tamim bin Hamad Al-Thani visited Bangladesh lately and met with President Mohammed Shahabuddin
Agreement worth AED117 billion to propel renewable energy and green metal megaprojects
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Food prices remained unchanged at 5 percent in March compared to February
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
Boosting global economic reforms and enhancing regional and global competitiveness
The IMF expects growth to strengthen by 4.2 percent in 2025
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
International reserves increase to $40.361 billion from $35.311 billion in February
Prices of food and non-alcoholic beverages group saw a significant rise of 3.4 percent
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
