Economics
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
The CBE's overnight deposit rate, overnight lending rate, and main operation rate will remain unchanged
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
The largest share of spending (15 percent) was on beverages and food, amounted to $471.94 million
The country's annual inflation rate rose from 68.5 percent in March to 69.8 percent in April
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
China accounted for three-quarters of the total investments in this field, according to the report
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
