Economics
Continuous advancements key behind nation’s exceptional performance
Bank said tightening measures nearing end of cycle
Maintaining credit and discount rate at 19.75 percent
Index rose by 1.7 percent in Q3
T-bills with a 28-day maturity were valued at OMR10 mn
Yellow metal set to record highest annual gains in three years
Law will come into effect on January 1, 2024
MENA consumers and businesses will face crucial decisions about spending and investing
IMF expects 0.1 percent GDP growth rate this year
Total bank credit reached AED1.982 trillion by the end of October
New body aims to enhance the integrity of public finances, promote transparency
IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion
GCC's foreign asset projections and shifting investment strategies
Due to its robust oil production
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
