Browsing: Economy

RIYADH: Qatar’s international reserves increased by 5.2 percent annually to 247.4 billion Qatari riyals ($67.94 billion) in March, despite a decrease in balances held in foreign banks.  

HOUSTON/BEIJING: Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in US crude inventories, according to Reuters.

RIYADH: China’s long-term foreign currency issuer default rating has been revised to negative from stable by Fitch Ratings, citing increased uncertainty regarding its economic growth. 

RIYADH: Saudi Arabia is home to a third of Forbes Middle East’s “30 Most Valuable Banks,” with a 25 percent annual rise in the Kingdom’s entities’ accumulative market value.    

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

For 2025, it predicted gross domestic product (GDP) in the eurozone’s third-largest economy would increase by 1.2 percent, compared to a previous forecast of 1.4 percent

Gold prices hit a record high on Tuesday for an eighth consecutive session on geopolitical worries and support from momentum-following funds.

Egypt has recorded a primary surplus of EGP 416 billion during the first nine months of the current fiscal year (FY) 2023/2024, amounting to 3% of the gross domestic product (GDP), Minister of Finance Mohamed Maait revealed in a statement on April 8th.

Remittances of Egyptian workers abroad dropped by 21.2% to $9.4 billion in H1 FY2023/2024 from $12 billion in the comparable period a FY earlier

The current account deficit increased to $9.60 billion during the July-December 2023 period from $1.80 billion in H1-22/23, according to the Central Bank of Egypt (CBE)