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These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
The sector supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector
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
This represents a 58.4 percent growth compared to 2022
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
By the end of March, revenues amounted to around $7.27 billion, down from $8.31 billion in the same period of 2023
22 percent see leadership succession and turnover as their chief concern
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
Over 1,000 government employees received training at international agencies, enhancing their work effectiveness
H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation
Areas of collaboration included renewable energy, hydrogen, liquefied natural gas
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
The deal seeks to facilitate the exchange of knowledge and expertise in the fields of tourism, hospitality, and entertainment
The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics
The cost of borrowing will continue to be at a 16-year high
The law seeks to promote private sector investment and involvement in federal government-led infrastructure projects
In 2023 alone, the total trade volume between the UAE and New Zealand reached an impressive $764.5 million
