business
The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024
The total value of commodity exports stood at $77.77 billion
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts
In 2023, Egypt received a record-breaking number of tourists, reaching 14.906 million
DWTC hosted 76 events with 1.54 million attendees, 46 percent international
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Solid budget and financial buffers, but reforms needed to reduce oil dependence
Saudi Arabia topped the list of Arab countries importing the most from Egypt during the year
