Economics
Post-election austerity measures under close scrutiny by analysts
Adjustment came in response to a surge in demand for higher-yielding currencies
Governor forecasts moderate economic environment by same time in 2024
SAR5 mn minimum capital requirement
Total trade between the two countries reached AED2.4 bn in 2021
Saudi Arabia, UAE lead in non-oil sector development
Recent economic reforms fostered country’s openness on foreign investment
Event witnessed the participation of over 6,000 attendees from over 40 countries
No lowering of the guard, Lagarde says
Rating highlights a negative real GDP growth of 2.6 percent in 2022
FDI to boost various sectors including tourism, health and GreenTech
Fed unlikely to implement rate cuts early 2024
Shrinking by roughly 5 percent to around $30.7 trn this year
New fund aims to enhance financial stability and generate returns
Projected rise in annual inflation rate in the U.S.
Surging by $71 mn compared to last year's same period
Russia to tighten oil restrictions in early December
The emirate surpassed several international capitals to rank 13th globally out of the 141 cities included in the current ranking
