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The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Open Finance is beneficial for both fintechs and their customers
The UAE offers a diverse range of personal bank account options for both residents and non-residents
The value of exports fell 10.9 percent year-over-year to $3.57 billion in March 2024
Brent oil futures for July delivery held steady at $83.61 per barrel
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Projections suggest that the number of job opportunities will increase to 833,000 in 2024
The forum features a diverse range of participants, including government, business, and financial representatives
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
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
