Saturday 20 December 2014
 
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GDP

Kuwait to maintain 6pc non-oil growth for 2 years

Kuwait’s non-oil growth, which accelerated notably in 2013, is expected to maintain its momentum, remaining around 5-6 per cent in the coming two years as government development projects keep their robust pace, a report said.

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Qatar trims 2015 GDP growth forecast to 7.7pc

Qatar's economy is likely to grow 7.7 per cent in 2015, slightly slower than previously expected but still well up from 6.3 per cent forecast for this year, the Ministry of Development Planning and Statistics said on Sunday. T

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UAE tourist numbers seen growing at 4pc per year

A total of 17 million tourists visited the UAE in 2013, and this number is expected to rise further with an annual growth rate of 4 per cent till 2023, a report said. The overall economic impact of the sector is estimated at Dh122

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S&P cuts Saudi-Oman outlook on low oil price

Standard and Poor's (S&P) has lowered the outlook for the world's top oil exporter Saudi Arabia to stable from positive and its Gulf partner Oman to negative on sliding oil prices, a report said. However, the ratings a

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Qatar ‘targeting steadier economic growth’

After years of strong, if volatile, GDP growth driven by significant debt-fuelled public spending, Qatar is now targeting steadier, more sustainable growth, a report said. Qatar's economic model will continue to be driven by h

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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Indian GDP grows 5.3pc as economy loses steam

A slowdown in India's economy in the last quarter will increase calls for Prime Minister Narendra Modi to step up reforms but was less severe than feared, giving the central bank ammunition to resist government pressure to cut interest rates

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Qatar's GDP grows 6.3pc, owing to non-oil expansions

Qatar’s gross domestic product (GDP) grew 6.3 per cent, as a result of expansions in the non-oil and financial services sector, according to a report. The country’s investment policies are strictly in line with the cou

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Jobs and skills key to beat Gulf’s oil dependency

Now that oil prices have fallen to around $80 per barrel from around $100 in the past few months, the economies of the oil-exporting nations of the Gulf Cooperation Council will be tested. A key question for their future prosperity is: Have they

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