Japan’s GDP contracts first time in six years due to sales tax hike
Japan’s GDP contracted an annualised 6.3 percent during the period from October to December 2019...
Category : Economy
Study shows 75% of consumers positive about Dubai economy
Government initiatives coupled with reforms have improved employment and personal finances in the emirate...
UAE economy to grow 2.5% in 2020: IMF
The UAE economy’s projected growth will be driven by the energy sector, World Expo 2020 and bold reforms...
Oman to introduce 5% VAT in early-2021 to generate additional revenue
The UAE, Bahrain and the Kingdom of Saudi Arabia have already levied VAT as agreed by the six GCC members...
Saudi Arabia to pump Aramco IPO proceeds into its economy
Around $30 bn will be invested in different sectors over the years including defence...
South Africa to restructure GDP data September onwards
The start year for calculating GDP will be updated to 2015 from the existing year of 2010...
Egypt’s external debt increases 17.47% to $109.363 bn last September
The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion...
Singapore sees export rebound with 2.4% increase last December
Pharmaceuticals, specialised machinery and non-monetary gold shipments have fuelled export growth in Singapore...
UAE leads the Gulf in digital economy with 18% of Middle East
Size of digital economy in the Middle East touched $30 bn in 2018...
Qatar’s budget for 2020 largest in five years
The country plans to spend 1.9% more in 2020 than it did last year...