Saturday 10 December 2016
 
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GDP

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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Structural reforms needed to spur Mena economy: OECD

Mena countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the OECD Secretary-General said.

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Iran economic growth ‘substantial’ in 2016-17: IMF

Economic conditions in Iran are improving substantially in 2016-17, said the International Monetary Fund (IMF) in a concluding statement of its staff visit to the Islamic Republic. Real GDP rebounded strongly over the first half o

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Saudi records 1.4pc GDP growth

Saudi Arabia’s gross domestic product, adjusted for inflation, rose 1.4 percent from a year earlier in the second quarter of 2016, a report said. It was the slowest growth since the 0.3 percent recorded in the first quarter

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Egypt's current account deficit rises to $18.7bn

Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. Egypt's economy is struggling to recover after a mass uprising i

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Egypt's budget deficit rises to 11.2pc of GDP

Egypt's budget deficit widened to 11.2 per cent of gross domestic product in the first 11 months of the financial year, up from 10.8 percent a year earlier, the Finance Ministry said on Monday. In its monthly report, the minis

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Indian growth slows sharply in June quarter

India's economic growth slowed sharply in the June quarter, putting the government's target further out of reach and raising concerns that Asia's third-largest economy will create too few jobs for a burgeoning workforce.

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One in every 67 British a millionaire, says report

Every part of the UK is more prosperous than it was last year, with uplifts in either household wealth, GDP, household expenditure and earnings – and a decrease in unemployment, according to the second edition of the annual Barclays Prospe

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Ras Al Khaimah GDP tops $8bn

The gross domestic product (GDP) of the UAE emirate of Ras Al Khaimah is expected to have crossed Dh30 billion ($8.165 billion) during 2015, a senior official said. The statement by Dr Abdulrahman Mohammed Ali Al Shayeb Al Naqbi,

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