Bahrain’s GDP grows by 2.1% in Q3 2024
Driven by further economic diversification, Bahrain's third-quarter growth reflects favourable trends throughout the GCC, with Qatar's GDP increasing by 2% and Saudi Arabia's by 2.8%...
Tag : GDP
Non-oil sector to buoy Oman’s GDP growth to 3.1% in 2025
The Sultanate of Oman's sovereign wealth fund, the OIA, released economic projections earlier this week that are in line with this GDP growth estimate at constant prices...
Kuwait GDP to contract in 2024, rebound expected in 2025, predicts IMF
As a result of ongoing production cuts by OPEC+, Kuwait's economy is predicted to remain in recession in 2024, contracting by 20.8%, before gradually improving...
Dubai government debt levels to decline to USD 50 billion by 2024-end: S&P
Additional listings could provide the government with additional liquidity after the listing of GREs like Empower, Parkin, and Dubai Taxi, according to S&P Global...
Growth in MENA region to reach 2.2% in 2024: IMF
The IMF report states that these figures have been revised lower than those that were released in April of 2023, which indicated growth of 2.7% in 2024 and 4.2% in 2025...
US unemployment claims decrease, easing labour market concerns
In May, the unemployment rate increased to 4.0% for the first time since January 2022...
Talks of ECB rate cut gather further strength as Eurozone inflation remains steady
Closely watched services inflation has eased to 3.7%, after remaining stagnant at 4% since the year's beginning...
IF Insights: Making sense of United States’ ‘economic supremacy’ over Europe
The fact of the matter is United States has already outpaced Europe in terms of GDP and the trend will continue in 2024 too...
IMF predicts robust growth for the UAE economy, driven by oil revenues
Over the medium term, increasing non-oil revenue will be supported by the gradual implementation of a corporate income tax, which started in June 2023...