Economics
Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 per barrel
Expenditure amounted to $61.25 billion, with a budget deficit of 3.6 percent
Brent crude oil futures for October delivery fell 0.5 percent to $76.13 per barrel
In April 2024, CBUAE's gold reserves reached $5.54 billion
The oil sector grew by 3.4 percent and the non-oil sector by 3.3 percent at constant prices
The start of Q3 saw both output and new orders expand to a lesser degree
Challenges remain in education, housing, and hotels
Can the Fed intervene to calm global markets?
Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion
The sea area designated for use grew by 16.9 percent YoY, with ¥500 billion in projects
