Bahrain’s economy is expected to grow at 2.9 per cent in the near- to medium-term supported by the non-oil sector even as downward pressure on oil prices continues, according to Economic Development Board (EDB) chief economist Dr Jarmo Kot
China posted its weakest quarterly economic growth since the global financial crisis on Monday, raising pressure on policymakers to cut interest rates further and roll out other support measures to avert a sharper slowdown.
Crude oil prices edged up in early Asian trading on Thursday as demand was estimated to have remained strong despite slowing economic growth in Asia, and as Russian and western air campaigns in Syria worried markets.
Saudi Arabia's economy accelerated in the first quarter of 2015, showing the world's top oil exporter can cope with low energy prices, but growth may slow as the government faces pressure to rein in spending.
US manufacturing output rose in May and factory activity in New York state accelerated sharply this month, buoying hopes of a strong rebound in economic growth this quarter.
The brightening growth outlook was further boosted by ne
Oman's economic growth plunged to 2.8 percent in nominal terms in 2013, its slowest pace of expansion since 2009, as output in the key oil sector shrank, data showed on Sunday.
The sultanate's economy had grown 11.5 percen
The International Energy Agency (IEA) trimmed its estimate for growth in oil demand in 2013, becoming the third of the world's top oil forecasters this week to predict weaker consumption due to subdued economic growth.
The importance of studying challenges facing decent work programmes to boost employment schemes and social insurance policies as well as ensure sustainable development, said a senior Bahraini government official.
Speaking at the 15th Asia
The United Arab Emirates' economic growth is expected to accelerate to up to 3.2 per cent this year and no further major restructuring of Dubai debt is seen, the Gulf country's economy minister said on Saturday.
The UAE economy is