Economy
Supporting the national goal of doubling the GDP to AED3 trillion by 2031
Finance and manufacturing sectors take the lead
Kingdom’s economy shows growth, driven by a strong private sector
Continuous advancements key behind nation’s exceptional performance
Increase compared to its previous forecast of 4.3 percent
Bank said tightening measures nearing end of cycle
Maintaining credit and discount rate at 19.75 percent
Real estate, tourism and aviation showed robust performance
Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating
Law will come into effect on January 1, 2024
MENA consumers and businesses will face crucial decisions about spending and investing
IMF expects 0.1 percent GDP growth rate this year
Balance sheet includes AED283.9 billion in cash and AED206 billion in investments
New body aims to enhance the integrity of public finances, promote transparency
IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion
Saudi Arabia's records A rating with a stable outlook
GCC's foreign asset projections and shifting investment strategies
Due to its robust oil production
Post-election austerity measures under close scrutiny by analysts
Up from 677,400 compared to the same period in 2022
Governor forecasts moderate economic environment by same time in 2024
Saudi Arabia, UAE lead in non-oil sector development
