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International Energy Agency warns that high debt, rising interest rates, and weaker growth prospects will further make public finances harder to balance
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The value of emirate's real GDP in the second quarter reached its highest level at Dh287 billion, according to preliminary estimates
Kingdom expects budget deficit of 2% of GDP this year
The plan is part of Prime Minister Giorgia Meloni's efforts to keep in check the euro zone's second-largest debt pile as a proportion of GDP
Second-quarter GDP growth unrevised at 2.1%
Move allows for the exchange of local currencies between the two central banks
Economic growth across the Gulf will remain strong in 2024, Moody's forecasts
De-dollarisation unlikely to affect greenback's domination, expert says
Emirate will also make a partial settlement of Dh20 billion loan from the Abu Dhabi government, UAE Central Bank
Move highlight the weakness of US institutions and governance, agency says