International Energy Agency warns that high debt, rising interest rates, and weaker growth prospects will further make public finances harder to balance
International Energy Agency warns that high debt, rising interest rates, and weaker growth prospects will further make public finances harder to balance
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