economy
GCC banks’ strong profitability provides robust shield against potential losses from cyber incidents
No significant losses from cyber incidents for rated GCC banks
H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
Non-oil revenues in 2023 surged by 11 percent YoY
Region expected to grow by less than 3 percent in 2024
Issuance was divided into three tranches
Driven by expanding operations, new routes fuel growth
Building bridges, expanding regional connectivity
AI market to grow by 33 percent in 2024, reaching around $20 billion by 2025
UAE played key role in supporting OFID's sustainable development initiatives
