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Changes introduced to streamline trade processes and support business operations
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to $59.9 billion
Brent crude futures rose by 99 cents, or 1.39 percent, to $72.05 per barrel
In Q2, demand for trade credit remained strong, with a greater appetite for lending
This change, effective September 4, aims to position the Kingdom as a global tourism leader
The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1
The event will address economic challenges through collaborative investment strategies
The central banks will share expertise and resources to address challenges and boost economic development
Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85
By the end of May, these banks had elevated their equity investments to AED16.1 billion
In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework
