Thursday 31 July 2014
 
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Economy growth

US manufacturing data bolster growth outlook

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

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Oman 2013 economic growth slowest since 2009

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

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Top analysts cut 2013 oil demand growth estimates

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. World o

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Economic growth 'is vital for decent jobs'

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

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No major Dubai debt hit seen, says UAE minister

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

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