Wednesday 27 August 2014
 
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Economic Growth

Dubai's finances stronger but still vulnerable: IMF

Dubai's ability to finance its debts has improved because of stronger economic growth and more conservative spending, but the emirate would still be vulnerable in a major dowturn of the global economy, the International Monetary Fund said.

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Saudi Q1 economic growth slows to 4.7pc

Saudi Arabia's economic growth eased to an annual rate of 4.7 percent in the first quarter of 2014 as labour market measures curbed activity in some sectors, but the expansion was still stronger and more widespread than growth a year ago.

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Egypt sees economic growth above 3pc in 2014/15

Egypt's economy is expected to grow by more than 3 percent during the 2014/15 fiscal year, Finance Minister Hany Kadry Dimian said on Monday, in line with previous forecasts. The minister spoke the day after President Abdel Fa

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Saudi eyes ‘qualitative’ shift in economic development

Saudi Arabia said on Tuesday it would take new "qualitative measures" to improve its economic development, signalling a potential shift of emphasis in its drive to raise living standards by spending tens of billions of dollars on welfa

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Tunisia cuts 2014 growth forecast to 2.8pc

Tunisia's government has cut its economic growth forecast to 2.8 percent for this year, which is in line with the IMF's forecast, Finance Minister Hakim Ben Hamouda said on Monday after meeting with a delegation from the International Mo

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UAE economy grows 4pc in 2013

Economic growth in the UAE accelerated to 4 per cent in 2013 boosted by a solid performance from non-oil sectors mainly tourism, industry, finance and trade, said the country's economy minister. Sultan Bin Saeed Al Mansoori ha

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Tunisia trims 2014 growth forecast to 3.8pc

Tunisia's economy will expand less quickly than hoped this year, the central bank said on Thursday, cutting its growth forecast to 3.8 percent from 4 percent. The economy grew by 3 percent last year. The bank did not say why i

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Gold dips on stronger equities

Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal. Prices were hurt by data showing the US trade deficit fell to a four-year low in

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Saudi economic growth picks up in Q3

Saudi Arabia's economy expanded at an annual rate of 3.1 per cent in the third quarter, only half as fast as it grew a year ago, according to data released on Wednesday. The annual inflation-adjusted growth rate slowed to 2.1 per ce

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Developed world to lead economic growth boost

An acceleration in global economic growth is expected in 2014, supported by aggressive easy monetary policies in most developed countries, according to Richard Hoey, BNY Mellon's chief economist.   Global GDP growth shoul

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