Bloomberg Saudi Arabia started the year with a quarterly budget surplus for the first time since the 2014 collapse in oil prices. The biggest Arab economy posted a surplus of 27.8 billion riyals ($7.4 billion) in the first quarter, helped by an increase in non-oil revenue as well as income from crude exports, Finance Minister Mohammed Al- Jadaan told an ...

Abu Dhabi / WAM The total assets of Central Bank of UAE hiked to a four-decade-time high of AED432.6 billion by the end of March, a growth of 3.5 percent from AED417.7 billion by end of 2018, CBUAE statistics showed. The significant growth is driven by a rally in deposits to AED133.5 billion by March-end, up 25 percent from AED106.8 ...

Bloomberg Trade negotiators led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week, the White House said, as both sides work to reach a draft agreement by next month. Talks starting next Tuesday “will cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agr- iculture, services, purchases and enforcement,” the ...