Author: Steven Sahiounie

The lender’s standalone net profits after tax stood at EGP 555.019 million in Q1 2024

Al Ghurair said that the performance of UAE banks over the past years and the first quarter of this year confirms the banking sector’s strength and resilience

Treasurer Jim Chalmers said the country was on track to bank a budget surplus of US$6 billion (Aus$9 billion) this year

According to its May report, the UAE’s non-oil GDP registered a significant year-on-year (YoY) increase of 7.3 percent in Q2 2023

At the end of Q1 of 2024, the public revenue amounted to OMR2.826 billion

The bank expects a policy rate of 5.5% by 2024-end, consistent with its latest US Fed forecasts

The two sides discussed mechanisms of supporting joint investments, and incentivizing private sector to establish innovative investment projects in major sectors that will serve the two countries economic approaches

Downside risks stem mainly from adverse regional geopolitics and lower energy prices

Downside risks stem mainly from adverse regional geopolitics and lower energy prices

Foreign Minister Hakan Fidan on Tuesday said Israel, which has continued its military offensive in the Gaza Strip for more than seven months, is getting “more alienated and isolated” due to its policies. “Israel is getting increasingly alienated and isolated by the international community,” Fidan told a press conference alongside his Austrian counterpart Alexander Schallenberg in Ankara. “Just as it was wrong to kill innocent Jews in concentration camps, it’s equally wrong to kill innocent Palestinian children in their beds with bombs,” Fidan said, referring to the killing of more than 35,000 Palestinians, most of them women and children in…