Countries in the region have been urged to follow Bahrain's footsteps in diversifying their economies.
UK-based economist Scott Corfe, who is the economic adviser for the Institute of Chartered Accountants in England and Wales
Services remain the key focus for Dubai in its efforts to build economic momentum, supported by a move to streamline interaction with the authorities through the use of digital tools, a report said.
Dubai’s push to broaden i
China's economy is expected to slow to an annual 7 per cent in the first quarter of this year, a top Chinese government think tank said in a research report, a sign policy makers will have to roll out more stimulus to support faltering growt
GCC governments will be able to use huge financial reserves built up in past years to keep state spending high, ensuring solid economic growth at least through 2016, a report said.
Also, strong consumer spending and private sector
Australia's prime minister vowed that world leaders would deliver on an initiative to add $2 trillion to global GDP, promising freer trade and more investment in infrastructure as heads of the 20 largest economies began cementing plans to dr
Bahrain recorded an overall GDP growth of 5.6 per cent in the second quarter (Q2) of 2014, when compared to the same period a year earlier, according to a new report issued by the Economic Development Board (EDB).
The latest Bahra
European stock markets fell for a second day on Wednesday, pushing world share indices back towards their lowest in six months as concern mounts over global economic growth.
New York markets were set to open flat to higher and cur
The non-hydrocarbon sector in Qatar continues to drive economic growth, supporting the diversification of the economy, a report said.
Rapid growth in the non-hydrocarbon sector (11.3 per cent) was spurred by large investments in m
Qatar's economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday.
The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting a 5 per cent economic growth in 2014.