Browsing: finance

The CBE highlighted that long-term external debt reached $138.551bln by the end of December, up from $134.2bln in September

According to Amoils, 18,700 high-net-worth individuals have left Africa between 2013 to 2023, mostly to the UK, the US, Australia, and the UAE

Such borrowing risks undermining the economy by expanding the money supply, fuelling inflation and causing the exchange rate to weaken against foreign currencies, economists say

The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday.

The UAE suffered the heaviest rains this month in 75 years, causing widespread flooding which trapped residents in traffic, offices and homes

RIYADH: Private sector investments in Saudi Arabia’s industrial field more than doubled in the first quarter of 2024, surpassing SR7 billion ($1.8 billion), according to official data. 

RIYADH: Saudi Arabia has completed its riyal-denominated sukuk issuance for April at SR7.39 billion ($1.97 billion), representing a rise of 66.44 percent compared to the previous month. 

Boeing is giving subcontractor Spirit Aerosystems $425 million in advance payments so it can maintain production and allow the US aviation giant to fulfill its orders, a regulatory filing showed Tuesday.

Lawmakers in Washington are reportedly working on measures to cut off sanctioned lenders from the global financial system

The Russian Ministry of Economic Development has raised its 2024 forecast for the country’s growth, citing domestic consumer and investment demand.