Tuesday 21 October 2014
 
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GDP

Falling oil prices 'won't hurt UAE GDP'

Falling oil prices won't hurt the gross domestic product (GDP) growth of the United Arab Emirates this year, a Ministry of Economy official told reporters on Tuesday. "Oil accounts for less than 30 per cent of our GDP, so

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Falling oil prices 'won't hurt UAE GDP'

Falling oil prices won't hurt the gross domestic product (GDP) growth of the United Arab Emirates this year, a Ministry of Economy official told reporters on Tuesday. "Oil accounts for less than 30 per cent of our GDP, so

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Egypt GDP growth rate up to 3.7pc in fiscal Q4

Egypt's GDP growth rate rose in the fourth quarter of fiscal 2013/14 to 3.7 per cent, up from 2.5 per cent, the government said, in the latest sign that confidence is returning to an economy battered by three years of political turmoil.

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Bahrain records 5.6pc economic growth in Q2

Bahrain recorded an overall GDP growth of 5.6 per cent in the second quarter (Q2) of 2014, when compared to the same period a year earlier, according to a new report issued by the Economic Development Board (EDB). The latest Bahra

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Family businesses 'seek external finance for growth'

Family businesses form the real backbone of the economy in the Middle East and North Africa (Mena) region and contribute substantially to the gross domestic product (GDP) in the private sector in Bahrain. Most of the old family co

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Qatar's economic growth edges up to 5.7pc in Q2

Qatar's economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday. Real

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Kuwait budget surplus up to $44.8bn as spending slows

Kuwait's budget surplus edged up to KD12.9 billion ($44.8 billion) in the fiscal year to last March as government spending fell, largely because of a drop in capital expenditure, finance ministry data showed. The figures sugge

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US economy posts 4.6pc growth in Q2

The US economy grew at its fastest pace in two-and-a-half years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. Gross domestic product surged at an annua

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Saudi Q2 GDP growth down to 3.8pc on oil slowdown

Saudi Arabia's economic growth eased to an annual 3.8 per cent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday. But the first-quarter growth

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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