Economics
WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years
SCZONE inked 14 agreements with major Chinese companies to boost investment
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
This represents a key condition for Egypt's $8 billion loan program signed with the IMF
The unemployment rate among Saudis reached its lowest level of 7.7 percent in the last quarter of 2023
The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies
The report predicts an 18.1 percent average annual headline inflation rate
Egypt further plans to sell more state assets, which would reduce the state's role in the economy
The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January
The CPI reached 106.67 points in March
Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel
The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025
Region must tackle important structural reform agenda to ensure peace and stability
The official reserves at the end of March 2024 increased by $3.11 billion
This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
This represents an increase from $35 billion in the previous year
Brent oil futures expiring in June rose by 0.6 percent to reach $90.89 per barrel
Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February
The minimum wage increase reflects commitment to safeguarding workers' interests
Georgieva's current term is set to expire in September 2024
The sector will surpass its previous record by an additional $770 billion, the report says
Significant contribution of family-owned businesses to this growth
The rise in prices is fueled by geopolitical tension and supply concerns
