Saudi Arabia's economy expanded at its slowest rate in three years during the first quarter of 2016 as low oil prices forced the government to cut spending and raise costs for industry, official data showed on Sunday.
China's economy grew 6.8 per cent in the fourth quarter from a year earlier, matching expectations and the slowest since the global financial crisis, putting pressure on Beijing to roll out more support measures as fears of a sharper slowdow
China is expected to post its weakest economic growth since the global financial crisis in the fourth quarter, adding pressure on policymakers to take more steps to ward off a sharper slowdown that could jolt global markets.
Bahrain’s economic growth in real GDP is expected to slow in 2015 to 2 per cent in 2015 from 4.5 per cent year-on-year (y/y) last year amid a weak oil price environment, a report said.
The oil sector growth is poised to fall
Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4 per cent in 2015 before moderating to 3.7 per cent in 2016, a report said.
Egypt's gross domestic product grew 3.5 per cent in the fourth quarter of the 2013/14 fiscal year, signalling that the economy was finally recovering from recent turmoil, the official Mena news agency quoted Finance Minister Hani Dimian as s
Abu Dhabi’s project spending could balloon to over $100 billion in the next seven years, said the organisers of a major investment summit that opened in the UAE capital yesterday (December 9).
The eighth Abu Dhabi Conference
The non-oil industry in GCC grew strongly in 2012 as investment in major manufacturing projects, particularly petrochemicals, boosted output, a report said.
Real GDP growth in the GCC is likely to have slowed from 7.8 per cent in
After posting double-digit growth in 2011 for the sixth consecutive year on the back of near-maximal liquefied natural gas (LNG) and elevated oil prices, Qatar’s output growth is set to moderate over the next few years, a report said.
The Saudi per capita income in the gross domestic product (GDP) is likely to soar to SR116,900 ($31,172), said a report citing experts. However, they warned that inflation will remain a major threat to Saudi income this year.