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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
Lebanon's banking sector continues to struggle with providing credit to the economy
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
The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
In 2023, Egypt received a record-breaking number of tourists, reaching 14.906 million
