Thursday 13 December 2018
 
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GDP

Fitch raises Saudi 2018 GDP growth forecast

Fitch Ratings has increased Saudi Arabia’s 2018 GDP growth forecast to 2.2 per cent from 1.8 per cent estimated earlier in line with the IMF’s estimate of the Kingdom’s growth (2.2 per cent for 2018) released last month, a repo

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UAE banking system outlook remains stable: Moody’s

Moody's Investors Service has kept its outlook on the UAE banking system at stable, reflecting a gradually recovering economy, as well as banks' strong capital, resilient profitability and solid funding. A combination of r

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UAE banking system outlook remains stable: Moody’s

Moody's Investors Service has kept its outlook on the UAE banking system at stable, reflecting a gradually recovering economy, as well as banks' strong capital, resilient profitability and solid funding. A combination of r

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Dubai property market 'best bet for HNWIs'

With its high gross domestic product (GDP) per capita and investments in building a world-class infrastructure, Dubai guarantees strong returns for all international investors who are buying premium residential real estate in the UAE emirate, ac

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Abu Dhabi foreign trade 12.8pc of 2017 GDP

Abu Dhabi's foreign trade in goods accounted for 12.8 per cent of the GDP in 2017, reported state-run Wam, citing the Statistical Yearbook of Abu Dhabi 2018, released by the Statistics Centre - Abu Dhabi (SCAD). Refle

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Saudi oil revenues set to hit $161bn: report

Saudi Arabia's oil revenue is expected to reach SR605 billion ($161.36 billion) against budgeted SR492 billion this year as the kingdom witnesses a continuous improvement in the economy, an Al-Rajhi Capital research report said. 

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Saudi oil revenues set to hit $161bn: report

Saudi Arabia's oil revenue is expected to reach SR605 billion ($161.36 billion) against budgeted SR492 billion this year as the kingdom witnesses a continuous improvement in the economy, an Al-Rajhi Capital research report said. 

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Oman's industrial sector grows 2.6pc in Q1

Oman's industrial activities recorded a value of RO1.215 billion ($3.16 billion) at the end of the first quarter of 2018, an increase of 2.6 per cent over the RO1.185 billion recorded by the end of the first quarter of 2017, official data

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Oman's GDP rises 6.5pc to $18.27bn in Q1

Oman's gross domestic product (GDP) rose 6.5 per cent to reach RO7.034 billion ($18.27 billion) at the end of the first quarter of 2018, compared to RO6.605 billion ($17.16 billion) in the same period of 2017, official data said.

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Sharjah tourism sector contributes over $2.4bn to GDP

The ongoing ‘Sharjah Summer Festival 2018,’ which will come to an end on August 31, has had a significant impact on the emirate’s tourism sector, contributing to the revitalisation of the economy and increasing tourism inflow t

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