business

Fitch upgrades Ras Al Khaimah to ‘A+ with stable outlook, forecasts 6.2 percent growth in 2024

The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts

Egypt welcomes 4.6 million tourists in first 4 months of 2024, generating $4.3 billion in revenues

In 2023, Egypt received a record-breaking number of tourists, reaching 14.906 million

Dubai World Trade Centre’s economic output soars 40 percent to $4.97 billion in 2023

DWTC hosted 76 events with 1.54 million attendees, 46 percent international

Qatar announces $549.2 million budget surplus for Q1 2024

MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus

Four Egyptian banks receive positive outlook on improved foreign currency liquidity: Report

These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025

Moody’s affirms Kuwait A1 rating, stable outlook

Solid budget and financial buffers, but reforms needed to reduce oil dependence

Egypt’s exports to Arab nations up 8.7 percent in 2023, reaching $13.6 billion

Saudi Arabia topped the list of Arab countries importing the most from Egypt during the year

Investopia Europe 2024: UAE Economy Minister highlights strong strategic ties with EU, vows to deepen mutually beneficial relationship

H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation

Dubai’s investments in Vietnam surpass $76.2 million in 5 years, generating 4,500 job opportunities

Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023

Egypt’s annual urban inflation rate decreases to 32.5 percent in April

Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis

UAE’s UAQ Department of Tourism signs agreement to develop tourism sector in the emirate

The deal seeks to facilitate the exchange of knowledge and expertise in the fields of tourism, hospitality, and entertainment