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The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
China accounted for three-quarters of the total investments in this field, according to the report
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
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
In 2023, Egypt received a record-breaking number of tourists, reaching 14.906 million
The sector is predicted to experience a 13.5 percent annual growth, surpassing the global average of 11.2 percent
DWTC hosted 76 events with 1.54 million attendees, 46 percent international
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
Data showed a 4.8 percent increase in the mining sector compared to February 2024
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors
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
