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Central Bank
Economy
Eurozone inflation drops to four-month low of 2.4 percent in March 2024
The market anticipates four ECB rate cuts, first in June
Economy
Türkiye’s inflation climbs to 68.5% as rate hikes fail to stem price rise
Education again saw the highest cost inflation at 104 percent year-on-year
Banking & Finance
Gross banks’ assets surged to over $1.11 trillion at end of January 2024: CBUAE
Assets grew by 0.8 percent
Banking & Finance
Egypt’s net foreign assets deficit shrinks by $7.04 billion in February
The financial support and land sale deal contributed to the NFA improvement
Banking & Finance
Kuwait Central Bank announces $792 million bonds, tawarruq issuance with 4.375 percent return rate
CBK has specified that this issuance will remain valid for a period of three months
Hospitality & Tourism
Saudi Arabia’s tourism sector sets new record, foreign visitor spending touches $36 billion
In 2023, Saudi Arabia led the UN tourism list for the growth rate of international tourists compared to 2019
Economy
Oman outlook raised to positive on strengthening fiscal position: Report
Oil production cuts to keep economic growth low at about 1.4 percent in 2024
Banking & Finance
Oman to embrace IBAN system: A new era of seamless financial transactions
A significant step forward in modernising Oman’s financial infrastructure, says CBO
Markets
UAE gold prices show modest increase at market opening, eyes on U.S. inflation data
Globally, spot gold remained stable at $2,195.34 per ounce
Markets
Oil prices rise as tighter supplies drive strong first quarter in 2024
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
Markets
Gold prices in UAE decline as dollar holds firm
Globally, spot gold stabilized at $2,179.98 per ounce
Markets
UAE’s latest T-sukuk auction oversubscribed 7.1 times with $2.13 billion in bids
Dirham-denominated assets gain momentum with increased investor confidence
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