Economics
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
This represents a 58.4 percent growth compared to 2022
Inflation in April was driven by a 10.4 percent increase in rental prices, largely due to a 9.4 percent jump in villa rents
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Abu Dhabi’s non-oil GDP grew by 10.4 percent YoY in Q4 2023
$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28
