Monday 27 February 2017
 
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GDP

GCC growth likely to improve this year

The GCC economies recorded a sharp slowdown in 2016 amidst public sector spending cuts, tightening liquidity and investor uncertainty, a report said, adding that growth is expected to improve in 2017 across the GCC states, except in Oman and Bah

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UAE real GDP growth set to regain pace

Following two straight years of softer growth, the UAE's real GDP is set to gather pace in 2017 and 2018 as the non-oil sector is likely to stage a healthy recovery and offset some of the moderation in the oil sector, said a report.

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Dubai forecasts 3.1pc economic growth this year

Dubai is forecasting a higher economic growth of 3.1 per cent during 2017 and plans to provide an economic outlook twice every year in a bid to promote transparency. The emirate’s economy grew by 2.7per cent in 2016 despite

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GCC real GDP growth to stay weak this year: Moody's

The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent for Saudi Arabia to 3.3 per cent for Qatar, a Moody's report said. The ne

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GCC real GDP growth to stay weak this year: Moody's

The real GDP growth in the GCC in 2017-18 is likely to remain weak by historical standards with an average of 1.6 per cent and ranging from 0.7 per cent for Saudi Arabia to 3.3 per cent for Qatar, a Moody's report said. The ne

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Saudi GDP growth outpaces forecasts

Saudi Arabia's gross domestic product (GDP) expanded 1.4 per cent year-on-year in 2016, higher than the IMF forecast of 1.2 per cent, said a report quoting the kingdom's budget document. GDP growth is expected to accelerat

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Non-oil sector ‘helping Bahrain hold growth’

Bahrain’s real GDP growth is poised to hold in 2016 on signs of resilience in the non-oil economy, a report said, adding that growth will pick up in 2017 on a potential recovery in oil prices and as the non-oil sector gathers momentum.

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Non-oil sector ‘helping Bahrain hold growth’

Bahrain’s real GDP growth is poised to hold in 2016 on signs of resilience in the non-oil economy, a report said, adding that growth will pick up in 2017 on a potential recovery in oil prices and as the non-oil sector gathers momentum.

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Bahrain’s economic growth ‘to stay firm’

Bahrain’s GDP growth should hold up this year staying unchanged from 2.9 per cent last year, thanks to GCC support and higher oil production, our sister publication the Gulf Daily News quoted an ICAEW report as saying.

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IMF warns on record $152 trillion global debt

Global debt, currently at an all-time high of $152 trillion, could thwart the fragile economic recovery, the IMF warned on Wednesday, highlighting that reducing debt significantly will require fiscal policies that support economic activity.

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