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UAE current account surplus tops $26bn in 2017The UAE current account surplus surged to Dh97.1 billion ($26.4 billion) in 2017, accounting for 6.9 per cent of the Gross Domestic Product (GDP), from Dh48.5 billion, 3.7 per cent of GDP, in 2016, a media report said. The upsurge More… |
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Saudi surplus shrinks to $134bn in 2013Saudi Arabia's current account surplus shrank to 503.7 billion riyals ($134.3 billion) in 2013 from 617.9 billion riyals in the previous year, central bank estimates showed on Wednesday. The 2013 surplus acc More… |
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Egypt current account swings back into redEgypt's current account recorded a deficit of $755.8 million in the six months ending December, swinging back into the red after billions of dollars of Gulf aid helped it record a surplus in the three months ending September. More… |
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Weak tourism, remittances hurt EgyptEgypt's non-oil imports fell sharply in the second quarter, but tourism receipts and worker remittances together fell by even more, causing the country's current account deficit to widen, according to central bank figures released on T More… |
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Egypt current account deficit falls to $5.58bnEgypt's current account deficit narrowed to $5.58 billion in the fiscal year to end-June from $10.15 billion in the year to end-June 2012, the central bank said on Tuesday. Foreign direct investment into Egypt fell to $3.00 bi More… |
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UAE surplus hits $67bn in 2012The United Arab Emirates' current account surplus jumped nearly 31 percent to 244.4 billion dirhams ($66.5 billion) in 2012 from the previous year as hydrocarbon exp More… |
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Qatar C/A surplus widens to $62bn in 2012Qatar's current account surplus has widened to QR226.9 billion ($62.3 billion) in 2012, or 32.4 per cent of gross domestic product, the central bank's preliminary data showed, beating analysts' expectations. More… |
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Indian rupee slumps to record lowThe Indian rupee slumped to a record low against the dollar on Wednesday as risk aversion in global markets added pressure on a currency already under fire from the country's current account and fiscal deficits. More… |
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Kuwait current account surplus jumps to $70bnKuwait's current account surplus surged 78 percent in 2011 mainly thanks to a jump in exports, the country's central bank said on Wednesday. The current account of one of the world's top oil exporters booked a surplus of 19.53 billi More… |
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NBAD launches unique current accountThe National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has launched a premier current account that offers customers a unique blend of financial and non-financial benefits and privileges. The NBAD One account, which comes with no More… |
