Economics

UAE banking sector sets new record with AED4 trn in assets

Total bank credit reached AED1.982 trillion by the end of October

UAE President issues new law to establish Accountability Authority

New body aims to enhance the integrity of public finances, promote transparency

Iraq’s economic growth to decline in 2023, 2024 due to oil production cuts: IMF

IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion

IIF: GCC gross foreign assets set to reach $4.4 trn by 2024

GCC's foreign asset projections and shifting investment strategies

Currency speculators lower expectations for the dollar: Will it lose power?

Adjustment came in response to a surge in demand for higher-yielding currencies

Türkiye’s Central Bank urges foreign investors: Invest in Turkish lira bonds for high yields

Governor forecasts moderate economic environment by same time in 2024

UAE and Azerbaijan to boost digital infrastructure, launch joint investment platform

Total trade between the two countries reached AED2.4 bn in 2021

IMF urges GCC countries to further enhance non-oil sector growth

Saudi Arabia, UAE lead in non-oil sector development