Friday 15 December 2017
 
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GDP

Petchem sector 'key for Gulf GDP growth'

The rising global demand for petrochemicals reinforces the fact that the sector is key for regional countries to grow and increase their gross domestic product (GDP), said an industry expert. Participating in the ongoing 12th annu

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GCC’s GDP to accelerate to 2.8pc next year: ICAEW

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, a report said. Several e

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Kuwait non-oil growth set to rise to 4pc: IMF

Kuwait’s non-oil growth is projected to increase gradually to about 4 per cent driven by accelerated project implementation under the 5-year development plan and improved confidence, said the International Monetary Fund (IMF).

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Project spending to support Bahrain’s non-oil growth

Bahrain’s non-oil growth will be steady at three to four per cent per year thanks to elevated investment spending, particularly benefitting the construction sector, said the National Bank of Kuwait (NBK) in its latest Economic Update.

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IMF forecasts UAE growth to triple in 2018

The International Monetary Fund (IMF) expects the United Arab Emirates’ economic growth to nearly triple next year as the country’s capital Abu Dhabi, benefits from an expected recovery in oil prices, a report said. Th

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Saudi reform programme to remain on track: report

Recent news reports raise the possibility for Saudi Arabia's reforms to be more gradually implemented to support economic activity, according to a new study from Bank of America Merrill Lynch (BofAML). The government is likely

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Abu Dhabi's GDP set to hit $231bn in 2017

Standard & Poor’s has forecast Abu Dhabi GDP to rise to Dh850 billion ($231.3 billion) and Dh890 billion ($242 billion) at current prices in 2017 and 2018 respectively, attributing the growth to the momentum witnessed by the oil and no

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Saudi Arabia records 2pc non-oil growth: report

Saudi Arabia’s non-oil growth has picked up in July and August, recording a 2 per cent year-on-year growth, according to Bloomberg Intelligence Economics’ new monthly series of Saudi GDP. Created by Ziad Daoud, Middle East E

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Saudi Arabia records 2pc non-oil growth: report

Saudi Arabia’s non-oil growth has picked up in July and August, recording a 2 per cent year-on-year growth, according to Bloomberg Intelligence Economics’ new monthly series of Saudi GDP. Created by Ziad Daoud, Middle East E

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Middle East GDP on track to hit 4 per cent growth

The overall GDP in the Middle East is expected to grow by 2.4 per cent next year and rising to 4 per cent in 2019, says a new report, noting that any extension of Opec’s production cut deal, which ends on March 31, could delay the recovery

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